MOSCOW (MRC) -- Antea, a global leader for 32 years in risk-based asset integrity management (AIM) software with 3D digital twin integration, has officially entered into a worldwide frame agreement with leading chemical company, INEOS, according to Hydrocarbonprocessing.
INEOS sought a worldwide multi-business agreement that could provide RBI and IDMS software for sites and businesses around the world to streamline compliance. They determined the Antea Platform, with its certified API 581-compliant RBI and comprehensive IDMS module, to be a robust, reliable solution that adheres to their requirements.
The contract takes effect on April 1, 2021 and will be valid for at least 3 years. INEOS ultimately placed their faith in Antea for the fair pricing, globally trusted presence, extensive and flexible software functionalities, and professionalism of the team.
As MRC informed before, in January 2019, INEOS announced Antwerp as the location for its new petrochemical investment. The EUR3 billion investment will be the biggest ever made by INEOS and is first cracker to be built in Europe in 20 years. The investment is a game changer for the chemical sectors and will bring huge benefits to the Belgium and wider European economies.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.
INEOS Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
MRC