The British chemical giant Ineos is to invest some €2.7 billion in two new petrochemical plants in the port of Antwerp. The investment will be the biggest ever made by a European chemical company in the last twenty years, and the biggest ever by Ineos itself. The construction of the two factories, which will take some four to five years is set to create some 500 new jobs. The Financial Times reports that Ineos’ plans include the building of a 1m tonne ethan cracker that will turn ethane into ethylene, a major building block for plastics. Read the full story here.