First Ever US Ethane from Shale Gas Deliver to China 2019
INEOS will deliver US ethane from shale gas to China by using the world’s latest ethane carrier in 2019. It is a long-term agreement that INEOS signed with SP Chemicals and will give SP Chemicals a competitive position in its industrial production of ethane.
A 95,000 cbm capacity ship will be built and delivered in 2019 in order to fulfill the deal. The ship, also can be called as Very Large Ethane Carrier (VLEC) will become the largest ethane carrier in the world which are under construction in Taixing China currently under the management of the JACCAR Group. As with the INEOS Dragon ships, this vessel will be operated by EVERGAS.
David Thompson, CEO of INEOS Trading and Shipping, said, ”This is another world first for INEOS after importing shale gas to Europe in 2015. By bringing in US shale gas to China for the first time, we are now leading the way in shipping ethane worldwide to meet the needs of an expanding chemicals sector. We are excited to work with a client such as SP Chemicals and we look forward to delivering this historic project.”
Chan Hian Siang, CEO of SP Chemicals, said, “SP Chemicals is honoured and very happy to work with INEOS, a first-class global company, to ship ethane over a journey of more than 18,900 km across the Pacific Ocean from USA to Taixing City, Jiangsu province, PRC. It has long been a dream for SP Chemicals to integrate upstream. SP Chemicals will commission a gas cracker plant in 2019 to produce 650,000 tons per annum of ethylene. This first long-term supply agreement for ethane with INEOS will be an important milestone for SP Chemicals to achieve self-sufficiency for its ethylene requirements.”
Jacques De Chateauvieux, Chairman of the JACCAR Group, said, “This Contract illustrates JACCAR’s ability to offer a comprehensive solution with type C Tri-lobe VLEC tanks developed by JHW Engineering and Contracting, in co-operation with the Hartmann Group up to the contracting and operating by Evergas. We feel honoured by the trust of INEOS in us in delivering and operating the world’s largest VLEC with type C tanks.”
Steffen Jacobsen, CEO of Evergas, said “We are very pleased to further strengthen our relationship with INEOS co-operating on the seabourne transportation of Ethane from the US to China”.
The 85,000 cbm capacity ship is under construction, however, which shipyard in China will take the 95,000 cbm new order?
Sources: Xinde Marine News
Editor: Carrie Zhu
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