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Ineos plans ethane tank in Norway, enabling US imports

7:22 AM MST | December 14, 2012 | —Sotirios Frantzanas

Ineos says it has signed a letter of intent with TGE Gas Engineering (Bonn, Germany), to build an ethane tank and expand infrastructure at Ineos's Rafnes, Norway, production site. The tank is due to be commissioned in 2015. The new facility will complement the existing storage facilities at the Rafnes site; expand the company's ability to access ethane from world markets, including the United States; and secure long-term competitiveness and jobs at the site, Ineos says. The start of construction work is subject to the signature of final contractual agreements...

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