Ineos will deliver ethane to China for the first time ever

One of the Evergas-operated vessels (image courtesy of LNG World news)

One of the Evergas-operated vessels (image courtesy of LNG World news)

Ineos has announced a long-term supply agreement with SP Chemicals to deliver ethane from US shale gas to China. The agreement, which will see US ethane from shale gas shipped to China for the first time, will bring to SP Chemicals a long-term competitive supply of ethane for its industrial production.
The deal will involve the construction of a 95,000 m3 capacity ship which is expected to be delivered in 2019. Known in the US as a ‘Very Large Ethane Carrier’ or VLEC it will be the largest ethane carrier in the world, and will ship US ethane from shale gas to SP Chemicals’ new gas cracker facility, currently under construction in Taixing, China. As with the Ineos Dragon ships, this vessel will be operated by Evergas. It will be the first VLEC in their fleet of 23 gas ships. The ship will be built in China under the management of the Jaccar Group.