Mariner East project: INEOS announces a new agreement to source Ethane from the USA for import into Europe
US ethane will provide INEOS with an attractive source of feedstock for its European cracker complexes for the foreseeable future
INEOS Europe AG has announced that it has completed supply and infrastructure agreements that will secure a significant volume of ethane feedstock from the US, for use in its European cracker complexes.
The company has agreed to a long term deal with Range Resources 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.
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 finalised Pipeline Transportation Services and Terminal Services Agreements for the shipping of ethane from Houston, Pennsylvania, to Marcus Hook, Pennsylvania, 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 options for the future.
It is expected that when completed, the Mariner East Project will transport approximately 70,000 barrels per day of ethane and propane from Houston, Pennsylvania to the Marcus Hook terminal facilities. Ethane will then be separated by fractionation and held in storage ready for shipment to Europe. It is expected that ethane from the Mariner East Project will become available during the first half of 2015.
Commenting on these well timed significant agreements, David Thompson says: “INEOS can now position itself as an attractive customer for upstream companies with interests in the Marcellus, Utica and Upper Devonian gas formations. We will provide these companies with a credible option to diversify sales and supply ethane into our downstream cracker complexes in Europe”.
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents

Covestro becomes a shareholder in company BioBTX - Demonstration plant planned for new chemical recycling method
Tripos Amends Chemistry Collaboration with Pfizer
QuestAir announces completion of testing for refinery hydrogen purifier

Battery start-up is developing safe, long-lasting thin-film solid-state batteries that can be charged and discharged in one minute - BTRY raises CHF 900,000 in pre-seed funding for the development of an innovative solid-state battery
Organic nanoparticles from LANXESS now ready for series production
MorphoSys Unveils New Antibody Library
Plastics Materials - Cutting-Edge Technologies and Trends
Novartis introduces Riamet® in Europe, a novel fixed combination treatment for malaria in travellers to endemic areas
ThyssenKrupp VDM and Zenergy Power get funding for research into innovative wire
Georg Fischer: Global footprint compensates European slowdown - Growth in America and Asia Europe sluggish
Fullerene size matters - How does the reactivity of metallofullerenes correlate with the size of the cage?
