Tag: ethane carriers

INEOS Olefins & Polymers Europe has confirmed that it has reached an agreement with Evergas to order an additional two state-of-the-art ethane carriers. In October 2012 INEOS agreed the world’s first US ethane export contract when it signed agreements to buy gas from US shale producers and capacity in the Mariner East project. Investment in a supply of US ethane is vital to secure the long-term competitiveness and sustainability of gas crackers that so far have relied on declining and expensive volumes from the North Sea. INEOS has now announced it is to add two more ships to its fleet of 6. The increased order for new ethane carriers known as “Dragon Ships” from Evergas, will satisfy the demand from INEOS crackers at  Grangemouth (Scotland) and Rafnes (Norway). At Grangemouth construction of a new ethane import terminal and storage tank and infrastructure is well under way and should be completed in 2016. At Rafnes in Norway, both a new ethane storage tank and terminal, are approaching completion in time to be fully operational in 2015.  David Thompson, Chief Operating Officer INEOS Trading & Shipping says: "The ethane that we are bringing to our sites from the US is essential to ...