UKEF and CESCE covered loan for the development of a new world-scale Olefin complex in Antwerp, Belgium. 

Project ONE is the largest and most substantial investment in the European chemical sector in the past 20 years. When this project Is completed, Antwerp will have the most energy-efficient and environmentally-friendly ethylene installation in all of Europe (with less than half of the CO2 emissions than the 10% best-performing steam crackers in Europe). 

The industrial plant will produce half million tons of ethylene, an essential building block for numerous high-quality products in the automotive, construction, energy and medical sectors (among others). In addition, the site will also be equipped with the necessary infrastructure and utilities, such as paved roads and underground pipes, the construction of steam boilers and an electrical distribution network, a water purification station, and loading and unloading infrastructure for sea-going vessels.