Another first for INEOS

INEOS is to deliver the first ever US ethane from shale gas to China in 2019, using the world’s largest ethane carrier as part of a long-term supply agreement with China’s SP ChemicalsThe agreement includes construction of a new carrier ship, the largest ethane carrier ever built.

“This is another world first for INEOS after importing shale gas to Europe in 2015,” said David Thompson, CEO of INEOS trading and shipping.

“By bringing in US ethane from shale gas to China for the first time we are leading the way in shipping ethane worldwide to meet the demands of an expanding chemicals sector.

“We’re excited to work with a client such as SP Chemicals and we look forward to delivering this historic project,” added David.

In a £110 million investment project, INEOS now has two state of the art vessels to support its North Sea operations.

“As natural gas continues to provide 84% of UK household heating, operations in the North Sea are of paramount importance and these two new vessels will provide essential operations support in the field,” said Mervyn Williams, supply chain manager INEOS Breagh.

The ships, officially named Forties Sentinel and Sentinel Ranger, were built by Sentinel Marine.

Among other news, last month INEOS acquired Lausanne-Sport, one of Switzerland’s most established football clubs, which is currently 6th in the Swiss super league.

www.ineos.com

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