Ineos picks builder for new ethane tank at Grangemouth

PLASTICS NEWS REPORT

Published: March 27, 2014 2:04 pm ET
Updated: March 27, 2014 2:07 pm ET

Related to this story

Topics Materials Suppliers Europe
Companies & Associations

Ineos Group AG has tapped TGE Gas Engineering GmbH as the preferred supplier to build a new ethane tank at its Grangemouth site in Scotland, in what it terms is the “latest milestone in its 300 million pound ($439 million) survival plan” to import U.S. shale gas to the location.

TGE, based in Bonn, Germany, was a solid choice because the company built Ineos’ ethylene import tank in Antwerp, Belgium, and is currently building an ethane tank for it in Rafnes, Norway.

Importing shale gas in Grangemouth will allow Ineos to use the aging Grangemouth site to compete long term by replacing the existing North Sea feedstocks, which are running out.

Ineos of Rolle, Switzerland, previously announced plans to shut down its old ethylene cracker and an associated butadiene plant at Grangemouth and replacing it with a more modern ethylene cracker.

“Both [plants] are no longer commercially viable,” said Harry Deans, CEO of Ineos O&P UK. “Both facilities date from the 1960s and their closure is another key part of our survival plan.”


Comments

Ineos picks builder for new ethane tank at Grangemouth

PLASTICS NEWS REPORT

Published: March 27, 2014 2:04 pm ET
Updated: March 27, 2014 2:07 pm ET

Post Your Comments


Back to story


More stories

Image

Wittmann Battenfeld betting on big for future sales

April 24, 2015 12:34 pm ET

Five hundred visitors packed into MacroPower Days, about twice as many as Wittmann Battenfeld GmbH officials initially expected — proof, they...    More

Image

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events