Ineos to potentially invest $1bn in UK shale gas exploration
Published: Thursday, 20 November 2014
The investment is subject to the granting of shale licences in Scotland. Should exploration lead to production, the company plans to invest further into the industry in the next 5-6 years, and could result in increased demand for minerals such as frac sand, barite and bentonite.
Leading chemical company Ineos is set to invest £640m
($1bn*) in shale gas exploration in
the UK in the next five or six years.
According to reports from Reuters news service, the
investment by Ineos is subject to the company winning shale gas
licences which are currently being considered by...