AG&P Industrial, a leading infrastructure development company, said Friday it completed and shipped the first batch of outside battery limit (OSBL) modules for its first European contract with INEOS, a major chemical company.
The modules, fabricated at AG&P’s Batangas yard, will support INEOS’ Project ONE, a sustainable ethane cracker plant in Belgium.
“INEOS Project ONE represents AG&P Industrial’s global prowess to serve Australia, Asia, the US, and now, Europe, and affirms our world-class capabilities, qualifications, market-leading credentials, and proven track record. It also represents AG&P Industrial’s commitment to contribute to lowering carbon emissions across the world,” said AG&P president and managing director of global business development Alex Gamboa.
INEOS selected AG&P from top global yards due to their certifications and adherence to European industry standards. Project ONE is expected to significantly reduce carbon emissions by two million metric tons per year (MTPY) compared to current alternatives.
AG&P’s scope includes engineering, procurement, fabrication, and modularization of pre-assembled units and pipe racks. The project is being completed in collaboration with Wood Group as the EPCM arm.
“Project ONE will provide renewal to the European chemical industry with state-of-the-art technology at the lowest environmental footprint. We found AG&P Industrial to be an ideal partner to support us in the build-out of our ethane cracker,” said INEOS Project ONE chief finance officer Jason Meers.
AG&P Industrial said it employed over 2,100 workers for the project in Batangas, all trained and certified to European standards. The partnership with INEOS aligns with AG&P’s dedication to creating local jobs and boosting the Batangas economy, it said.
