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Fracking in Scotland Is One Solution to Higher Gas Costs

With natural gas prices in Europe more than double costs in the U.S., Ineos Group AG has a novel solution: start fracking.

The world’s fourth-biggest petrochemical manufacturer bought a license last month to look for fuel around its refinery in Grangemouth, Scotland. That complements a deal by Ineos to import gas from the U.S., a step followed by other chemical companies in Europe such as Borealis AG and Saudi Basic Industries Corp. Scotland will next week vote on whether to stay in the U.K.