09/11/2015
Three Energy Firms To Secure Ethane From US Shale Gas
Ineos, Exxon Mobil and Shell have signed a deal to secure ethane from US shale gas for the Fife Ethylene Plant (FEP) in Scotland.
The facility at Mossmorran will begin to receive ethane from Ineos' new £450m Grangement import terminal from mid-2017.
Ineos said the agreement will "ensure the competitiveness" of the manufacturing facility in Scotland and would complement supplies from North Sea natural gas fields.
FEP is owned and operated by ExxonMobil, while Shell has 50% capacity rights.
Geir Tuft, Business Director at INEOS O&P UK, 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, General Manager Base Chemicals Europe, 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."
The FEP is one of Europe's largest and most modern ethylene facilities, with an annual capacity of 830,000 tonnes of ethylene.
(LM/CD)
The facility at Mossmorran will begin to receive ethane from Ineos' new £450m Grangement import terminal from mid-2017.
Ineos said the agreement will "ensure the competitiveness" of the manufacturing facility in Scotland and would complement supplies from North Sea natural gas fields.
FEP is owned and operated by ExxonMobil, while Shell has 50% capacity rights.
Geir Tuft, Business Director at INEOS O&P UK, 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, General Manager Base Chemicals Europe, 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."
The FEP is one of Europe's largest and most modern ethylene facilities, with an annual capacity of 830,000 tonnes of ethylene.
(LM/CD)
Related UK National News Stories
Click here for the latest headlines.
26 August 2014
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
31 July 2008
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
04 December 2014
British Gas To Pay £11.1m For Failing To Meet Environmental Obligations
An energy firm has been ordered to pay £11.1m to Ofgem to benefit vulnerable consumers. British Gas failed to meet its environmental obligations under the Community Energy Savings Programme (CESP) and Carbon Emissions Reduction Target (CERT) by the 2012 deadline, according to an Ofgem Investigation.
British Gas To Pay £11.1m For Failing To Meet Environmental Obligations
An energy firm has been ordered to pay £11.1m to Ofgem to benefit vulnerable consumers. British Gas failed to meet its environmental obligations under the Community Energy Savings Programme (CESP) and Carbon Emissions Reduction Target (CERT) by the 2012 deadline, according to an Ofgem Investigation.
20 November 2014
Chemical Giant To Invest In UK Shale Gas Extraction
Ineos is to invest around £640m ($1bn) in shale gas exploration and production in the UK, according to a report by the BBC. It is understood the company plan to use the gas as a raw material in its chemical plants such as Grangemouth.
Chemical Giant To Invest In UK Shale Gas Extraction
Ineos is to invest around £640m ($1bn) in shale gas exploration and production in the UK, according to a report by the BBC. It is understood the company plan to use the gas as a raw material in its chemical plants such as Grangemouth.
18 November 2014
Man And Daughter Survive Suspected Gas Explosion
A 36-year-old man and his 4-year-old daughter have survived a suspected gas explosion at their home in Southampton. Hampshire Fire and Rescue Service said the end-of-terrace house in Howards Grove, in the Shirley area, was destroyed in an explosion at about 01:30 on Tuesday morning.
Man And Daughter Survive Suspected Gas Explosion
A 36-year-old man and his 4-year-old daughter have survived a suspected gas explosion at their home in Southampton. Hampshire Fire and Rescue Service said the end-of-terrace house in Howards Grove, in the Shirley area, was destroyed in an explosion at about 01:30 on Tuesday morning.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.