Petrochemicals giant Ineos has acquired stake in 127 square mile shale exploration block surrounding Grangemouth refinery, as per telegraph.co.uk. Ineos has bought rights to explore for shale gas in the area surrounding its refinery - totalling to a 51% stake in the shale section of the PEDL 133 licence area from BG Group for an undisclosed sum. The licence covers 127 square miles in the Midland Valley, spanning the Firth of Forth and including Grangemouth, Falkirk and much of Stirling. The remaining 49% of the shale section is owned by Dart Energy, which is in the process of being taken over by fracking firm IGas Energy.
03-Sep-14 
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