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Comment Business & Economics

Ineos Europe to source ethane from the U.S.  

By Gerald Ondrey |

Ineos Europe AG (www.ineos.com) says it has completed supply and infrastructure agreements that will secure a significant volume of ethane feedstock from the U.S., for use in its European cracker complexes. The company has agreed to a long term deal with Range Resources – Appalachia, LLC (Fort Worth, Tex. www.rangeresources.com) for the lifting, of ethane from the Marcus Hook Facility from 2015 The agreement is effective upon Federal Energy Regulatory Commission (FERC) approval of the Mariner East project. Range Resources is one of the leading US independent upstream companies.  David Thompson, Procurement & Supply Chain director at Ineos Olefins & Polymers Europe says: “The supply deal with Range Resources complements our portfolio of feedstock agreements for our European crackers and will strengthen our competitive position as an ethylene producer in Europe for the foreseeable future”. Ineos has also finalized Pipeline Transportation Services and Terminal Services Agreements for the shipping of ethane from Houston, Pa., to Marcus Hook, Pa., with subsidiaries of Sunoco. The agreements will be valid for a duration of 15 years and will provide Ineos Olefins & Polymers Europe with significant supply…
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