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.
20 Nov 2014
- From the section Business