USA: Ineos' Shale Gas Plans Ineos will Take Advantage From Low-Cost Natural-Gas Liquids in USA
According to Bloomberg, Ineos Group is going to expand its U.S. factories to take advantage of low-cost natural-gas liquids that are used to make ethylene and plastics.
Houston, USA – Ineos Group Ltd., the largest closely held U.K. company, is considering expanding its U.S. factories to take advantage of low-cost natural-gas liquids that are used to make ethylene and plastics, the newswire Bloomberg told last wednesday.
The company may add 250 million to 1 billion pounds of annual ethylene production at its Chocolate Bayou site south of Houston, Dennis Seith, chief executive officer of the company’s U.S. olefins and polymers unit, said Wednesday in an interview with a bloomberg Journalist. Additional polypropylene and alpha-olefins capacity may be added at the site, the newswire said. Decisions on all three investments will be made within a year, with the expanded ethylene output available early next decade, he said in the interview.