Ineos, CONSOL Energy sign ethane purchase agreement

9:41 AM, 14th February 2014

ROLLE, SWITZERLAND: Ineos Europe AG has announced a new ethane purchase agreement with CONSOL Energy, producer of natural gas and coal. Ethane will be transported through the Mariner East infrastructure and imported by sea for use in Ineos’ European cracker complexes. Supplies will start from 2015.

“This contract adds to our supply portfolio providing for long-term sourcing of advantageously priced US ethane for our European crackers. It will allow us to continue to consolidate the competitiveness of Ineos’ ethylene production in Europe. We are excited about our new business relationship with CONSOL Energy and look forward to future opportunities between our companies,” said David Thompson, Procurement & Supply Chain Director, Ineos.

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