Ineos Considers Investing in Shale to Bolster Chemicals Business
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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 employing at least 800 people.
The country’s biggest petrochemical company has charged a team of five people to look 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.