European pipeline project gets major boost

08/09/2004
Plans for a major European petrochemical pipeline took an important step forward earlier this summer when a commission of the 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 European Pipeline Development Co. BV (EPDC) that is advancing plans for the propylene pipeline.Because the consortium and the three governments had formed a joint public-private partnership to execute 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...
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