03 Jun 2022 --- Investment in chemical giant Ineos’ plan to build a state-of-the-art ethane cracker in the port of Antwerp, Belgium – which would significantly increase the production of ethylene for plastics – presents a huge financial risk for the European economy, according to researchers. Over the past five years, several of the world’s largest banks – including JP Morgan Chase, Barclays, HSBC, Citigroup, BNP Paribas and ING Group – have collectively invested nearly US$22 billion in petrochemical companies Ineos and Borealis.
