Bad for the Environment, Good for Trading?

[kreslik.news]

This article was written by Michael Hinton, Chief Customer Officer and Senior Vice President Products and Solutions at Allegro Development.

A freighter carrying 27,500 m³ of US shale has recently reached Grangemouth, the site of Ineos’ petrochemical plant in Scotland. The company, that has invested £1.6 billion in a virtual pipeline between the US, the UK and Norway, will extract ethane from shale gas to create plastic pellets for general manufacturing.

The chemical multinational argues that, in the face of global competition and with North Sea ethane supplies declining, US shale shipments will provide sufficient raw material to run ... (read more)