Europe INEOS Not Only Wants Marc/Utica NGLs, but Our People Too

ineosSwiss-based company INEOS is a young but rapidly growing chemical company with roughly $40 billion in sales per year. INEOS’ competitors would be companies like BASF, Bayer and Dow Chemical. They have their fingers in a lot of pies. For example, the company currently has two ships that shuttle Marcellus and Utica Shale ethane from Philadelphia to Scotland and Norway (see Ineos Gets Ready to Begin Ethane Exports from Marcus Hook, PA). INEOS has also been tapped to provide the technology for an ethane cracker plant to be built in Belmont County, OH (see PTT Taps Swiss Company INEOS for OH Cracker Plant Technology). And INEOS owns their own cracker plant in Scotland (see Cracker Plant in Scotland “Brought Back to Life” Thx to Marcellus Ethane). INEOS officials were on a junket visiting CONSOL Energy last week, looking at CONSOL’s Ohio Utica operations, and let slip not only do they love our ethane and natural gas, they also love our people and technology and hope they can poach some of each to take back to Europe. INEOS is getting ready to start fracking on the other side of the pond and they want some of our “talent and expertise”…

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