Ineos Signs Ethane Deal For Fife Plant

Ineos has signed a deal with Exxon Mobil and Shell to secure ethane from US shale gas for the Fife Ethylene Plant (FEP) at Mossmorran.

The Fife plant will receive ethane from INEOS’ new import terminal in Grangemouth, Scotland. Access to this new source of feedstock will help complement supplies from North Sea natural gas fields. The agreement will also ensure the competitiveness of a major manufacturing facility in Scotland and help secure skilled jobs in the long run.

FEP is owned and operated by ExxonMobil and Shell has 50 percent capacity rights.

Geir Tuft Business Director at INEOS O&P spoke to Kingdom FM news about the new deal and work going ahead now it is secured:

Geir Tuft also said: "This is a landmark agreement for everyone involved....We know that ethane from US shale gas has transformed US manufacturing and we are now seeing this advantage being shared across Scotland."

Elise Nowee, from Shell Chemicals, added: "This agreement gives FEP access to the new infrastructure developed by Ineos and in so doing brings US-advantaged ethane to FEP. "The agreement will help us to meet the long-term needs of our ethylene customers."

Full details of the company announcement can be found here:

http://www.ineos.com/news/ineos-group/ineos-signs-agreement-with-exxonmobil-chemical-limited-and-shell-chemicals-europe-bv