INEOS Europe, ExxonMobil Chemical, and Shell Chemicals have signed a long-term agreement to secure ethane from US shale gas for the Fife Ethylene Plant in Scotland. The plant will receive ethane from INEOS' new import terminal in Grangemouth, helping to complement supplies from North Sea natural gas fields. The agreement will ensure the competitiveness of the plant and secure skilled jobs. Ethane is a vital raw material used to produce ethylene, which is used in the manufacture of various products across the UK and exported to Europe and other markets. INEOS has committed £450m to construct the new ethane import terminal.