EPDC: PP pipeline from Amsterdam/Antwerp to the Ruhr Area cancelled

EPDC BV (www.epdc.eu) will not pursue plans to build a propylene pipeline connecting the ports of Rotterdam and Antwerp with the German Ruhr area. Rising project investment costs have made the proposition uneconomical. Project costs have been impacted by escalating steel line pipe prices, a tight pipeline construction market as well as increasing financing costs.

At a recent General Meeting the CEO of EPDC BV recommended that the Shareholders take a negative investment decision, all shareholders unanimously accepted and so the project will not proceed further.

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Rudi Demeuse, CEO of EPDC BV, says: “We regret not being able to execute this project as planned. We particularly would like to thank all our Shareholders and Partners for all their efforts. We are also extremely grateful to the regional governments and authorities who have given their support to this project”.

EPDC BV was founded in 2000 with the purpose of developing a propylene pipeline connecting Rotterdam/Antwerp with the German Ruhr area. EPDC BV is an Ltd-Company which has its registered office in the Netherlands. The share holders of EPDC BV are: BASF AG, Celanese Chemicals Europe GmbH, Koninklijke DSM NV, Ineos Manufacturing Deutschland GmbH, SABIC Petrochemicals BV, Sasol Solvents Germany GmbH, Shell Nederland Chemie BV and Westgas GmbH.

EPDC BV - European Pipeline Developement Company, Sittard/Netherlands