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  • INEOS: The Grangemouth shale gas revolution moves closer to reality
    édité le 29/03/2016 - Plus de news de "INEOS" - Voir la fiche entreprise de "INEOS"


INEOS: The Grangemouth shale gas revolution moves closer to reality
The second manufacturing unit at Grangemouth’s KG ethylene plant is brought back to life eight years after being mothballed.

INEOS completes successful operational trials as it prepares to receive shale gas ethane from the USA.

“We are now in great shape to receive shale gas from the US and to finally run the Grangemouth plant at full rate,” says Gordon Milne, INEOS Grangemouth Operations Director. “When US shale gas finally arrives here in the autumn, this plant will move into the premier league of European petrochemical plants. Bringing the site back into profitability is the best way to secure our future here in Scotland.”

INEOS has confirmed that it has completed successful operational trials on the second manufacturing unit (Train 2) of its enormous gas cracker at Grangemouth, eight years after being mothballed.

Train 2 has undergone rigorous recommissioning trials to prepare for the arrival of US shale gas ethane. The first deliveries of US shale gas are expected to arrive by ship at Grangemouth in the autumn.

In 2008 the KG ethylene cracker was unable to operate at full capacity and INEOS was left with no option but to close the second manufacturing unit.

The US ethane will be used as a supplementary feed for the KG ethylene plant at a time when North Sea supplies are dwindling and will allow the plant to run at increased rates.

According to Gordon Milne, INEOS Grangemouth Operations Director, “We are one of the few businesses in Scotland investing and growing our business on such a scale as this. With the successful completion of the Train 2 trial we are now in great shape to receive shale gas from the US and to finally run the Grangemouth plant at full rates.”

“All the parts of the jigsaw are finally coming together and Grangemouth will soon be back in the premier league of European petrochemical plants. INEOS is one of very few companies with the imagination and skill to vision and deliver a project of this size and complexity.”

The INEOS investment brings US shale gas economics to Europe. The project includes contracts to acquire gas from the Marcellus Shale in Western Pennsylvania; connection to the new 300 mile Mariner East Pipeline to bring the gas to the Marcus Hook deep water terminal near Philadelphia; the design and commissioning of eight Dragon class ships that will create a virtual pipeline across the Atlantic; and the construction of a new import terminal including the biggest shale gas storage tank in Europe at Grangemouth.

John McNally, CEO INEOS Grangemouth says, “Bringing the site back into profitability is the best way to secure our future here in Scotland. We know that ethane from US shale gas has transformed US manufacturing and we are now a step closer to seeing this advantage being brought to here to Grangemouth.”

The new import terminal at Grangemouth will also benefit the Fife Ethylene Plant facility in Mossmorran, Scotland after it was announced that the owners of the plant had agreed a long-term sale and purchase agreement to secure ethane from mid 2017. 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 an additional major manufacturing facility in Scotland and help secure skilled jobs in the long run.

About the Ethane Supply Project at INEOS Grangemouth, Scotland

- Scotland’s biggest manufacturing complex
- TGE Gas Engineering constructed a 40 metre high ethane storage tank
- This is Europe’s biggest ethane storage tank
- The roof was successfully raised on the 10th July
- 60,000 cubic metre capacity
- It can store 33,000 tonnes of liquid gas
- New docks, and a new pipeline network has been built to receive the gas
- Shale gas will arrive in the second half of 2016 in new Dragon class ethane carriers

About INEOS

INEOS will be the sole operator of the three licenses awarded today. Shale gas extraction has transformed communities in the USA where landowners own the mineral rights under their property. INEOS has developed an industry leading community benefits package that seeks to replicate this, giving communities a real stake in development. INEOS has promised to share 6% of revenues. Four percent of this would go to homeowners and landowners in the immediate vicinity of a well, and a further 2% to the wider community. Based on our estimates, a typical 10km by 10km development area would generate £375m for the community over its lifespan. Overall we anticipate that our future shale gas business could contribute over £2.5bn to communities under this scheme, having a material impact on regional economies and the standard of public services.

INEOS recognises that shale gas extraction is a controversial issue and communities have understandable questions about the potential risks and rewards. We will engage comprehensively and openly with communities at every stage to accurately convey the risks and rewards, so they can make an informed judgment about extraction. It is the view of mainstream scientific authorities such as the Royal Society and Royal Academy of Engineering that shale gas can be extracted safely with appropriate regulation, and there could be real benefits from doing so, including jobs, tax revenue, local investment and improved energy security. It is vital to have a thorough and evidence-based conversation to ensure this opportunity is considered properly.


Origine : Communiqué INEOS

Voir la fiche entreprise de "INEOS"



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