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Shale Revolution Hits UK As First Shale Gas Tanker Arrives In Europe

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Daily Mail

The first tanker loaded with US shale gas has arrived in Europe, in a move predicted to transform British manufacturing.

The Intrepid, a 180-metre vessel owned by chemicals giant Ineos, docked in Norway with 27,500 cubic metres of gas.

Ineos will turn the ethane into plastics for cars, flooring and household products at its petrochemical refineries at Grangemouth in Scotland – which had been at risk of closure – and Rafnes in Norway

Jim Ratcliffe, the 52-year-old British billionaire who owns 60 per cent of Ineos, said: ‘Cheap shale gas should transform manufacturing in Britain because it brings down energy costs and provides cheap raw materials like ethane.’

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