Pacific Marine built for INEOS "INEOS INSIGHT (JS INEOS INSIGHT)", "INEOS original number (JS INEOS INGE NUITY)" after delivery.

On July 14, the world's fourth largest petrochemicals manufacturers ineos group chairman Jim ratcliffe came to Shanghai, China, for the two to a shale gas to Europe from the United States named "ship" dragonkind. Two days later, the two dragonkind ship will begin to "maiden voyage" made in China, the first test in Korea, marcus hook then sailed to the east coast of the United States, the first gas on September shipment, sailing across the Atlantic in 26 days arrived in Norway so nice.

So-called dragonkind ship, called the "dragon" type multi-purpose liquefied-gas tankers, LNG/load of about 27500 cubic meters, can carry ethane, liquefied natural gas (LNG), liquefied petroleum gas (LPG) and ethylene four kinds of liquefied gas, is currently the world's largest multi-purpose gas carrier. In January 2013, ineos in China Pacific Ocean engineering co., LTD. (hereinafter referred to as the Pacific Marine) order made 8 dragonkind ships, with a total investment of more than $1 billion, opened a known as "virtual transatlantic gas pipeline project", aims to lower prices of U.S. shale gas to Europe.

"Ineos will become the world's first American shale gas ethane to transport to Europe by ship company." Jim ratcliffe to gain new reporter, this global cooperation projects involving China, Switzerland, the United States, Denmark, Britain and Norway, "in China has more than 2000 people participated in the construction, each dragonkind ship takes about 1 million hours, 800000 tons a year in the future we can transport shale gas from America to Europe."

Pacific Marine engineering, chairman and CEO Simon liang to gain new reporters: "dragonkind ship is the highest form in the technology content in the gas transport equipment, its product line to cover the entire liquefied LPG/legs/LNG industry, established China's important position in the field of small and medium-sized gas transport equipment in the world."

Data shows, ineos business network all over the world, in 16 countries around the world has 65 large petrochemical production base. Group production of more than 2014, 60 million tons of petrochemical products, sales of more than $57 billion.

Ship building transatlantic gas pipeline

Jim ratcliffe, said the launch of such a large plan was due to the change of the pattern of world energy. "Began in 2011, with the influence of the shale gas revolution, America's petrochemical business under the impetus of the shale gas cheap ethane progresses day by day, at the same time Scotland north sea gas has nearly dried up, the European petrochemical business face increasing competitive pressure. If nothing is done, we might shut down the risk of business in Scotland there, Norway also needs to plan long-term business prospects of low-cost competition environment."

Jim ratcliffe believes that the only way to save Europe's petrochemical business is the use of low-cost air source from the United States. "But to build a 3000 - mile across the Atlantic seabed pipeline is not reality. Therefore, we need a virtual line across the Atlantic, use of large gas carrier fleet, the shale gas transport to Europe from America."

"The only problem we face is nobody long-distance transportation by ship this amount of ethane, global LNG shipping has been around for decades, but for ethane, only with a small ships in the history of short-distance transportation. But need bigger ships across the Atlantic." Ineos group trade and transport, chief operating officer David Thompson said.

Therefore, ineos group joint Danish shipowners Evergas gas transportation and China Pacific Marine engineering since 2011 invested enormous resources development and design of new ships, it is in this context, dragonkind ship Pacific Marine engineering was born in China.

Dragonkind ships is part of the whole project, in order to transform the European petrochemical business and its raw materials and energy supplies, ineos also paid hundreds of millions of dollars to build tanks, terminal facilities and pipelines, guarantee terminal can accept dragonkind ship and the loading of the goods. Among them, the ineos group also commissioned TGE engineering company built the Europe's largest gas storage facilities.

Ineos total will receive 8 dragonkind ships from China and from the hand of the shipowners Evergas company lease these 15 years, there will be 60000 barrels a day of gas transportation from the United States to Europe.

To expand China

In addition to continue to seek growth opportunities in Europe and the us ineos will zero in on the Chinese market.

Jim ratcliffe said, although due to the policy restriction, ineos, not in China to carry out the business of selling gas, but due to China's huge demand for gas energy, in the future there will be many Chinese companies will plan the shale gas and other gas imports from the United States to China, they need a large number of ships to transport the gas. "Until then, we welcome the Chinese company to lease our order dragonkind boat."

In addition to selling dragonkind ship, ineos began entity investment business in China.

According to the data, as early as in 1973, the predecessor of ineos technology is come to China to do business, the business mainly transfer of patent technology to Chinese enterprises, in order to satisfy the demands of growing Chinese chemical industry. Petrochina, sinopec, cnooc and China shenhua and other major domestic oil and chemical company are ineos, the assignee of patented technology. Ineos in July 2011 with petrochina Petroineos in Europe set up joint venture, mainly engaged in trading and refining, employs about 1000 employees, annual turnover of more than $15 billion.

Jim ratcliffe, said the oil provides a part of the joint venture to expand its market share in Europe is the good opportunity, also give ineos offered the opportunity to enter the Chinese market.

Since 2013, ineos try entity project investment in China. In May 2013, ineos signed an agreement with tianjin bohai chemical industry, with 50:50 ratio in tianjin bohai chemical industry park to build the world's largest acrylonitrile plant, the project total investment of $500 million, will be completed in 2017. Ineos promise the factory will use ineos, the most advanced process and catalyst technology, in order to meet China and the Asia's growing demand for petrochemical products.

Jim ratcliffe, said more and more new projects will be possible investment of tianjin, ineos technologies of "new chemical" will be in tianjin to attract more potential investment opportunities.