Ineos has selected the location for a new ethane tank it plans to build at Grangemouth in Scotland. The site is set to be the first chemical plant in the country to receive shale gas from the United States. The move will supplement declining North Sea supplies, which threatened to close the petrochemical site in October after a dispute with the Unite union. Imports are expected to begin as early as 2016 after a £150 mln investment to an import terminal project.
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