European pipeline project gets major boost

Sie sind hier: Homepage > Suche

European pipeline project gets major boost

Plans for a major European petrochemical pipeline took an important step forward in the early summer 2004 when a comission of the EU (European Union) approved subsidies for the project by the governments of Belgium, Holland and Germany. The low profitability of the project made subsidy support critical, according to the eight-company consortium EPDC (European Pipeline development Co. BV) that is advancing plans for the propylene pipeline. Because the consortium and the three governments had formed a joint public-private partnership to excecute and operate the pipeline, EU approval of the subsidies was necessary. Planned start-up for the 500-km pipeline between Rotterdam and Antwerp on the western end and Germany's Ruhr area in the east is second-quarter 2007. The propylene pipeline will be a common carrier, for all users at equal public tariff conditions (map), said the company's announcement last month.