Ineos to expand petrochem plant capacity in Norway, build furnace

04-Dec-13

Ineos is building a new furnace at its petrochemical plant in Rafnes, Norway as it expands capacity to use ethane made from U.S. shale gas it will store in a tank under construction at the site, as per Reuters. An ethane storage tank is being planned that will enable the plant to produce 570,000 tpa of ethylene. The extra furnace will enable it to produce 620,000 tpa. The Norwegian plant currently houses 11 furnaces which process ethane gas and some oil-based liquids into ethylene. By the end of 2015 it will have built a 12th, Geir Tuft, the commercial director, told journalists at the site. Around US$160 mln will be invested in building the tank, the furnace and import facilities.