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Ineos wins approval for ethane storage tank at Grangemouth site

By: PRW

May 15, 2014

Ineos Group AG has been approved for construction of an ethane tank at its Grangemouth site in Scotland.

The 60,000-cubic-meter tank will allow Rolle, Switzerland-based Ineos to import ethane from the U.S. through the docks at Grangemouth, then process it as its existing Grangemouth site.

“This is great news for those who work at Grangemouth or who are associated with our operations,” said Harry Deans, CEO of Ineos U.K. “In being granted planning permission to build an ethane storage tank, we have passed another key milestone on our journey to turning our business around.

“We are now able to move forward with our plans that will culminate in the site importing advantaged ethane feedstock from the U.S.”