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INEOS announces a new agreement with CONSOL for US ethane

February 17/2014

MOSCOW (MRC) -- INEOS Europe has announced a new ethane purchase agreement with CONSOL Energy in the United States, said Hydrocarbonprocessing.

Ethane will be transported through the Mariner East infrastructure and imported by sea for use in INEOS European cracker complexes. Supplies will start from 2015.

"This contract adds to our supply portfolio providing for long term sourcing of advantageously priced US ethane for our European crackers. It will allow us to continue to consolidate the competitiveness of INEOS ethylene production in Europe.  We are excited about our new business relationship with CONSOL Energy and look forward to future opportunities between our companies" commented David Thompson, INEOS Procurement & Supply Chain Director.

INEOS is the first company to establish seaborne intercontinental ethane transportation, having earlier announced the completion of agreements with Sunoco Logistics for capacity in the Mariner East pipeline and terminal system, with Range Resources for the purchase of ethane, with Evergas for the construction of new customised vessels and with TGE Engineering for the construction of a new tank in its Rafnes cracker. INEOS is presently conducting engineering studies for the construction of an ethane terminal in Grangemouth.

INEOS Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.


mrcplast.com
Author:Anna Larionova
Tags:slanceviy gaz, GAZ, ethylene, gas processing, Ineos Polyolefins.
Category:General News
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