UK: Shale Gas Economics Ineos Invests in Hull Manufacturing Plant
Ineos Oxide announced a multi-million pound expansion of its Hull manufacturing facility to increase production of Ethyl Acetate (EtAc) by 100,000 tonnes per year. This is the first major UK investment decision to be made following the Brexit vote.
Hull/UK – EtAc is in high demand for use in pharmaceuticals, cosmetics, inks and flexible packaging and the Hull plant is already at full capacity. This new investment will enable the company to continue to serve customers across Europe for many years to come. The company expects that the additional capacity will be available by the end of next year.
The Hull site will also benefit from the $ 1 billion investment decision to import US Shale gas to Scotland. A pipeline linking the company's petrochemicals plant at Grangemouth with the facility in Hull enables the site to use ethylene produced from imported US shale gas, as its main raw material.