BOC has signed a ten year multi-million dollar ethylene sourcing agreement with Qenos, Australia’s only manufacturer of polyethylene. The agreement is for the supply of up to 1,800 tpa of ethylene, with first supply expected in Q3-2015. The agreement includes terms for the installation of an ethylene tanker filling bay at Qenos’ Altona site and infrastructure at BOC’s Dandenong site, both in Victoria. BOC tankers will be filled with refrigerant-grade ethylene at Qenos for filling at BOC into ISO containers to service the growing LNG export industry.
Ethylene is an essential refrigerant for the new LNG mega projects under construction in Queensland and Western Australia. Treated natural gas is chilled, cooled and condensed in successively colder heat exchangers, with the LNG then pumped into insulated storage tanks where it remains until shipment.