Thursday 5 December 2013

Ineos pins Grangemouth future on shale gas?

Ineos pins Grangemouth future on shale gas?

The owner of Grangemouth refinery is apparently pinning the site's future on shale gas from the United States.

Until recently at the heart of a heated union row, the refinery is set to be the first chemical plant in the country to get American shale gas.

Owner Ineos plans to build a new ethane tank at the Grangemouth, it has said, with imports starting possibly as soon as 2016.

That's once a multi-million pound investment in new shipping and import terminal is completed.

The plant was saved from closure at the 13th hour last month after a standoff between Ineos and union bosses.

Experts said at the time the plant could survive despite millions of pounds worth of losses in recent years if it had access to cheap American shale gas.

Written by

Bruna Pinhoni

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