The UK government is providing a €700m (£600m) guarantee for the billionaire Jim Ratcliffe to build the biggest petrochemical plant in Europe in 30 years that will turbocharge plastic production.
But despite admitting the plant’s adverse impact on climate, biodiversity, the environment and the risks to social and human health, the British government has provided financial guarantees of €700m to support the building of Project One in Antwerp.
Project One will import fracked shale gas from the US, to provide the ethane for the cracker plant that will produce 1450 kilotons of ethylene, which is the building block of plastic, a year.
Details of the financial support from the UK government emerged as environmental NGOs prepared a new legal challenge to stop Ratcliffe building Project One.
UKEF said Ineos had promised to become carbon neutral for Scope 1 and 2 emissions 10 years after the start of operations, which did not therefore hinder the ability of the EU to meet current climate-related policy or international commitments, including the Paris agreement.
Ineos is publicly pushing back against scientific evidence of the human health and environmental and climate impacts of plastic pollution.
The original article contains 990 words, the summary contains 190 words. Saved 81%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The UK government is providing a €700m (£600m) guarantee for the billionaire Jim Ratcliffe to build the biggest petrochemical plant in Europe in 30 years that will turbocharge plastic production.
But despite admitting the plant’s adverse impact on climate, biodiversity, the environment and the risks to social and human health, the British government has provided financial guarantees of €700m to support the building of Project One in Antwerp.
Project One will import fracked shale gas from the US, to provide the ethane for the cracker plant that will produce 1450 kilotons of ethylene, which is the building block of plastic, a year.
Details of the financial support from the UK government emerged as environmental NGOs prepared a new legal challenge to stop Ratcliffe building Project One.
UKEF said Ineos had promised to become carbon neutral for Scope 1 and 2 emissions 10 years after the start of operations, which did not therefore hinder the ability of the EU to meet current climate-related policy or international commitments, including the Paris agreement.
Ineos is publicly pushing back against scientific evidence of the human health and environmental and climate impacts of plastic pollution.
The original article contains 990 words, the summary contains 190 words. Saved 81%. I’m a bot and I’m open source!