9 December 2015
DETAILS
- INEOS has today announced
the expansion of its trading activity within Europe. - Increased presence in naphtha markets
signals greater emphasis on value delivery through
a more integrated trading and risk management business. - As part of this, INEOS Europe AG has entered in to
an agreement with Oiltanking Ghent
for the storage and throughput of naphtha
as feedstock for ethylene cracker production.
INEOS has today announced
the expansion of its cracker feedstock procurement
and trading activity within Europe.
The new trading business will be
headquartered in Rolle, Switzerland
and, from next month, will also have operations
based out of INEOS' office in London.
David Thompson,
CEO of INEOS Trading & Shipping
“We are delighted to be enhancing our presence
within the feedstock trading sectors
which will contribute significantly
to the sustained delivery of commercial value
across our large portfolio of assets.”
As an integral part of this project , INEOS is pleased
to announce the conclusion of an agreement with
Oiltanking Ghent
for the storage and throughput of naphtha.
Although this business will encompass
all of INEOS’ naphtha activity including
the output of the refineries at Grangemouth and Lavera,
the main beneficiary of the agreement with Oiltanking Ghent
is the INEOS site in Köln.
Naphtha is the main feedstock used at the site
which supplies two ethylene production units
(crackers) of 1.3 million tons per annum total capacity
and is delivered to the site
by pipeline or barges on the River Rhine.
Media contacts:
Richard Longden
(INEOS) 0041 21 627 7063 or 0041 7996 26123
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