Petrochemicals, specifically ethane consumption, are projected to become the largest driver of global oil demand by 2030, surpassing other sectors like transportation. Currently, the chemical sector already accounts for 14% of oil and 8% of gas consumption globally. The IEA expects cheap ethane consumption in the US to grow 70% by 2030, partly due to increased exports to regions like Europe. Plastic production and associated fossil fuel extraction and transportation could generate 56 gigatons of CO2 emissions by 2050, equal to 10-13% of the remaining carbon budget for 1.5 degree global warming.

2. Petrochemicals are about to rapidly
becoming the largest driver of global oil
(including “wet gas” or ethane)
consumption – ahead of trucks, aviation and
shipping. Today, the chemical sector is
already the largest industrial consumer of
fossil fuels, accounting – as of 2018 - for
14% of global oil (including ethane) and 8%
of gas primary demand. The IEA expected in
late 2018 that cheap ethane consumption
will grow by 70% until 2030, in part due to
the expansion of US exports to regions such
as Europe.(Source: IEA, The Future of Petrochemicals)
Source picture: https://www.nature.com/articles/550026a.pdf?origin=ppub

3. © Andy Gheorghiu Consulting, Freelance
Campaigner & Fracking Policy Advisor, +49
(0) 5631 50 69 507 (land), +49 (0) 160 20 30
974 (mobile), andy.gheorghiu[at]mail.de
By 2050, the full
lifecycle of plastic
(fossil fuel extraction &
transport, production,
incineration &
decaying waste) could
generate
56 gigatons
of CO2 emissions, as
much as 10 – 13
percent of our entire
remaining carbon
budget for a 1.5° global
warming scenario!

4. Structure &
Owners
© Food & Water Europe • Andy Gheorghiu, Freelance Campaigner & Fracking Policy Advisor,
+49 (0) 5631 50 69 507 (land), +49 (0) 160 20 30 974 (mobile), agheorghiu(at)fweurope.org
Source pictures:
www.ineos.com
urce graph:
ww.foodandwatereurope.org
Billionaire, Founder & Chairman
Jim Ratcliffe: 61.8 percent (as of 2019) - has
the power to elect all directors, change
management and approve any acquisitions or
divestitures
Director of Ineos
Andrew Carrie: 19.2 percent
Finance Director
John Reece: 19.0 percent

5. © Food & Water Europe • Andy
Gheorghiu, Freelance
Campaigner & Fracking Policy
Advisor, +49 (0) 5631 50 69 507
(land), +49 (0) 160 20 30 974
(mobile),
agheorghiu(at)fweurope.org
Source graph:
www.foodandwatereurope.org
£5.1 bill.
takeover
price –
required £4.9
bill. bank
loans
£505 mill. for ICI
Debt hovered at £6.7
bill. – paid £680 mill.
in fees to banks
£91 mill. for
chemical
plant at
Antwerp
from Inspec
HQ to
Switzerland
UK Gov. loan
for storage tank at
Grangemouth
£490 mill. for 12 North-Sea
gas fields (could heat 1/10
of UK‘s homes).
£1
bill.
£198 mill. – FPS supplies
40% of Uk‘s North Sea
gas/oil & is hub for Brent
crude oil benchmark
1st US NGL arrives at
Rafnes & Grangemouth –
will also feed Fife Ethylene
Plant (ExxonMobil&Shell)
Let‘s go
shopping
darling
In 2017, Ineos
announced a £1.6
billion investment
in its
petrochemical
plants - plus
building the
biggest European
butane storage in
Antwerp, Belgium.

6. Source: Heinrich-Böll-Stiftung. Plastic Atlas 2019. Link: https://www.boell.de/en/2019/11/04/corporations-blaming-consumer

10. © Andy Gheorghiu, Freelance Campaigner, Fracking Policy Advisor for Food & Water Action Europe ,
+49 (0) 5631 50 69 507 (land), +49 (0) 160 20 30 974 (mobile), andy.gheorghiu[at]mail.de / agheorghiu@fweurope.org