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Ineos to invest £640m into fracking to supply its Scots gas refinery

The company will unveil plans on to press ahead production of shale gas for its plant in Grangemouth, Stirlingshire.

Grangemouth refinery creative commons x flickr
B4bees

Chemicals giant Ineos is to invest hundreds of millions of pounds in shale gas exploration in Scotland and the UK.

The company unveiled plans on Thursday to press ahead with its previously announced intention to produce shale gas for its plant in Grangemouth, Scotland.

The firm is expected to announce a £640m investment in shale gas exploration across the country.

Ineos has been recently buying rights to begin fracking and shale exploration in hundreds of square miles of land surrounding its Grangemouth refinery in Stirlingshire.

Shale gas is extracted through a technique known as fracking, in which water and chemicals are injected into rock at high pressure.

The process is hugely controversial and has sparked protests at several sites across the UK.

Reacting to the news of Ineos' fracking plans for Scotland, Dr Richard Dixon, director of Friends of the Earth Scotland, said: "The Scottish Government have taken a very cautious approach to unconventional gas and fracking, unlike the UK Government.

"With much tougher planning rules, more ambitious climate targets and a review of both health issues and licensing underway, Scotland is the last place any company should apply to frack.

"Inoes are masters of spin but they seem to have outdone themselves this time, promising something they can’t possibly deliver on.

"Scotland does not need unconventional gas to meet our energy needs, and extracting and burning it will jeopardise our climate targets and expose local people to unacceptable health risks.

"We urge the Scottish Government to take a cautious approach by turning down this application and introducing an immediate moratorium on all unconventional gas activity."

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