Ineos

BP Strikes $5B Deal to Sell Petrochemicals Business to Ineos as Energy Transition Escalates

BP Strikes $5B Deal to Sell Petrochemicals Business to Ineos as Energy Transition Escalates

BP plc on Monday announced it is selling off its substantial petrochemicals business, much of it in the United States, in a $5 billion deal with chemicals giant Ineos Group. The sale, designed as “the next strategic step in reinventing BP,” would strengthen the balance sheet and deliver on the supermajor’s $15 billion total planned…

June 29, 2020

Ineos Says New European Ethane Cracker to Benefit from U.S. Natural Gas

Global petrochemical giant Ineos said Tuesday it plans to invest more than $3 billion to build a world scale ethane cracker and propane dehydrogenation unit in northwest Europe to take better advantage of U.S. natural gas supplies.

July 5, 2018

Pennsylvania Senator Steps Up Calls for Transparency as Case Against Mariner East Project Continues

State Sen. Andrew Dinniman has asked the Pennsylvania Public Utility Commission (PUC) to post all public comments to the official online docket as his case against Sunoco Pipeline LP, which has stopped service on Mariner East (ME) 1 and some construction on ME 2 and 2X, advances.

June 11, 2018

Ineos Inks Agreement to Ship U.S. Ethane to China Cracker

Petrochemical giant Ineos Group, which now ships U.S. natural gas to European ports, said Monday it has clinched a long-term supply agreement to ship domestic ethane from domestic shale fields to China’s SP Chemicals.

November 21, 2017

Rex Energy Signs Deal to Sell INEOS More Appalachian NatGas Liquids

Rex Energy Corp. said Monday that it has reached an agreement with INEOS Europe AG to sell the petrochemical company ethane, propane and butane for its overseas facilities, making it the latest Appalachian producer to sign a deal to send U.S. shale gas abroad.

April 11, 2016

Rex Energy Signs Deal to Sell INEOS More Appalachian NatGas Liquids

Rex Energy Corp. said Monday that it has reached an agreement with INEOS Europe AG to sell the petrochemical company ethane, propane and butane for its overseas facilities, making it the latest Appalachian producer to sign a deal to send U.S. shale gas abroad.

April 11, 2016
INEOS Brings Scotland Cracker Back to Life Ahead of U.S. Ethane Imports

INEOS Brings Scotland Cracker Back to Life Ahead of U.S. Ethane Imports

Switzerland-based INEOS Group Ltd. said Tuesday that a long-shuttered manufacturing unit at its massive ethane cracker in Scotland was back online ahead of U.S. shale gas deliveries that are expected to arrive there this fall.

March 29, 2016
Europe Prepares to Receive First-Ever Shipment of U.S. Shale Gas From Appalachia

Europe Prepares to Receive First-Ever Shipment of U.S. Shale Gas From Appalachia

Marking another milestone this year for the U.S. shale industry, the first shipment of ethane gas produced in the Appalachian Basin set sail on Wednesday from Sunoco Logistics Partners LP’s Marcus Hook Industrial Complex for a 3,800-mile journey to Norway.

March 10, 2016

INEOS Licenses Technology For Use at Proposed Ohio Ethane Cracker

INEOS Technologies has licensed its Innovene S Process, a slurry technology for the production of medium- and high-density polyethylene, to a subsidiary of PTT Global Chemical pcl (PTTGC), which is planning to build an ethane cracker in Ohio’s Belmont County.

November 24, 2015

Ineos Secures Another U.S. Shale Gas Agreement For Ethylene Plant in Scotland

Global petrochemical giant Ineos has secured a long-term agreement with units of ExxonMobil Corp. and Royal Dutch Shell plc to source ethane from U.S. shale gas beginning in mid-2017 to supply a plant in Scotland.

November 10, 2015