Ineos, the owners of a Scottish petrochemicals refinery are in talks with the Scottish and Westminster governments to importing US shale gas to safeguard 100 jobs and a £1 billion revenue stream. which owns the chemicals part of Grangemouth, has been lobbying Government ministers to provide guarantees that would underwrite a scheme to build storage facilities for liquified gas and modify the dockside at the site.
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THE owners of Grangemouth petrochemicals refinery are in talks with the Scottish and Westminster governments over a £150 million plan to pioneer importing US shale gas into the site to safeguard 100 jobs and a £1 billion revenue stream.
Ineos, which owns the chemicals part of Grangemouth, has been lobbying Government ministers to provide guarantees that would underwrite a scheme to build storage facilities for liquified gas and modify the dockside at the site.
If it goes ahead, it is likely to be the first time that shale oil or gas has been used in the UK – heralding what could be the beginning of European gas prices falling in the same way as American prices have dropped in recent years. MORE
