Ineos mulls investment in UK’s shale gas for feedstock sourcing

16-Jun-14

Ineos Group AG is considering investing in U.K. shale-gas exploration to secure raw materials for its chemicals operations in the country after a shortage threatened to close a plant, as per Bloomberg News. A team of five is looking into options including supporting the nascent shale industry by investing in exploration and production, according to an article in an in-house magazine on its website. “The reason for putting together this team is to look at what the options might be for us,” Tom Crotty, a director of the Rolle, Switzerland-based company, said by phone on June 9. “We may buy into something that’s already there” or pick up acreage in the 14th onshore licensing round.