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Business

Ineos Advances Shale Gas Plan

by Michael McCoy
July 20, 2015 | APPEARED IN VOLUME 93, ISSUE 29

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Credit: Ineos
Workers raise the roof on Ineos’s new ethane tank.
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Credit: Ineos
Workers raise the roof on Ineos’s new ethane tank.

Ineos is advancing its plans to import ethane from the U.S. to run its ethylene crackers in Scotland and Norway. The company recently raised the roof on what it calls Europe’s biggest ethane tank, in Grangemouth, Scotland. And its CEO, James Ratcliffe, was recently in China to christen two of the eight huge tankers being built to transport liquefied ethane from Philadelphia to Europe. All told, Ineos says it is spending $1 billion on the project.

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