Sir Jim Radcliffe (second from left) believes that this investment will reverse years of decline in the sector

Ineos has confirmed Antwerp in Belgium as the location for its €3 billion ($3.4bn) world-scale propane dehydrogenation plant (750,000 tonnes a year) and world-scale ethane cracker (1-1.25 million tonnes). The move, which was predicted by several market analysts including Wood Mackenzie, marks a return to where Ineos, recently celebrating its 20th anniversary, originally started. The company…