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Ineos to invest £640m in UK shale gas exploration

Chemicals giant Ineos has announced plans to invest up to £640m in shale gas exploration in the UK.

The company plans to use the gas as a raw material for its chemicals plants, including Grangemouth in Stirlingshire.

Grangemouth is currently running at a loss, but Ineos believes shale gas will transform the economics of the plant.

Lorna Gordon reports.

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