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

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

PolyOne's Patterson focused on keeping the momentum going

March 27, 2015 9:30 am ET

New PolyOne CEO Robert Patterson sees a lot of good things when he looks at his company, which ranks as North America's largest compounder and...    More

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Sun Plastech, Plastics Color Corp. note major milestones at NPE

March 27, 2015 9:00 am ET

Sun Plastech Inc. and Plastics Color Corp. — two well-known materials firms — are marking anniversaries at NPE 2015.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events