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The fleet of eight vessels will bring US ethane from shale gas to INEOS’ manufacturing sites in Grangemouth, Scotland and Rafnes, Norway. This advantageously priced feedstock will have a highly positive impact for the company’s European operations that so far have relied on declining and expensive volumes from the North Sea. Furthermore it will support the company’s longevity of being a leading and cost-efficient petrochemical producer. INEOS will source its ethane feedstock from Marcus Hook and Houston, USA.
Long-term partnership These vessels are the largest, most flexible and advanced multigas carriers yet to be built, securing INEOS with a highly flexible solution for their ethane supplies, yet at the same time providing the benefit of transporting LNG, LPG as well as petrochemical gases including ethylene. Martin Ackermann, CEO of EVERGAS says: “We are delighted that INEOS have decided to expand the Dragon series of our innovative and technically advanced vessels. They have been specifically designed and tailor-made for the transatlantic trade, and the order expansion clearly shows INEOS’s belief in our partnership, and the long term sustainability of this endeavor”. The dual-fuelled vessels are built to match the highest environmental and efficiency performance, levels securing ultra-low emissions and reduced transportation cost. Gas fueling the future A relentless increase in the world’s demand for energy and with gas rapidly replacing other fossil fuels in the global energy mix the demand growth for marine gas transportation is expected to be strong in the years ahead. Demand growth is further spurred by significant demand for shale gas driven transportation, demand for gas as a marine fuel and development of short-haul marine redistribution networks. It is the clear strategy of Evergas to further develop and grow its presence within marine transportation of natural gas liquids for use as industrial feedstock and source of energy. About INEOS INEOS is one of the world’s leading chemical companies with 51 manufacturing plants in 11 countries, more than 15.000 staff and annual volumes in excess of 60 million tonnes. About Evergas Evergas is one of the world’s leading seaborne transporters of petrochemical gases and natural gas liquids. The company headquartered in Copenhagen employs more than 400 people around the world dedicated to delivering quality transport solutions of liquefied gas. Its current modern and growing fleet of 25 vessels with an average age of 3 years services customers across the globe within the transportation of petrochemical gases, ethane, LPG and LNG. Visit our company at www.evergas.net About Jaccar Holdings Jaccar Holdings is a privately owned investment company with its main focus within the maritime sector. The company is a major shareholder of Bourbon, Evergas, Sinopacific Shipbuilding, Sapmer, Greenship Holdings, Greenship Bulk, Greenship Gas, Setaf Saget and United Ethane Carriers (JV) with a combined fleet of more than 600 vessels. JACCAR Holdings seeks to support fully empowered managers to achieve their strategies by inspiring growth to deliver value. Visit the company at www.jaccar.ne Evergas press release 
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Evergas and INEOS expand Dragon vessel series