INEOS has agreed to supply a third gas cracker in Europe with the ethane it plans to import from America.
The deal with ExxonMobil Chemical Ltd and Shell Chemicals Europe BV was finalised last month (November)
From mid-2017 INEOS’ US shale-derived ethane will be piped from the new import terminal at Grangemouth to the Fife Ethylene Plant at Mossmorran.
“This is a landmark agreement for everyone involved,” said Geir Tuft, Business Director at INEOS O&P UK. “We know that ethane from US shale gas has transformed US manufacturing and we are now seeing this advantage being shared across Scotland.”
INEOS will now supply ethane from US shale to its sites at Rafnes in Norway, and Grangemouth and the Fife Ethylene Plant in Scotland.