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Grangemouth

Opinion

Opinion: Time for SNP to re-think fracking stance

It would have been hard to imagine at the height of the drama around the Ineos petrochemical plant in late 2013 that US shale gas imports would be arriving by boat three years later.

Health, Safety & Environment

Petroineos fined £24,000 after worker injured

The operators of the Grangemouth oil refinery have been fined £24,000 for safety failings related to an incident in which a worker was injured at the plant. The decision came after a Petroineos employee was sprayed in the face by low pressure steam. The worker had been in regulation personal protective equipment including a hard hat and safety glasses at the time of the incident.

Oil & Gas

Roof fitted on giant ethane tank at Grangemouth using fans

Grangemouth plant operator Ineos yesterday moved a step closer to completing the construction of Europe’s largest ethane storage tank. In a staggering feat of engineering, low pressure fans were used to lift the tank’s 300ton roof into place on “nothing more than a cushion of air”. Ineos said the 150ft high tank is being built as part of a £450million rescue plan for Grangemouth, which closed briefly in 2013.

Markets

Grangemouth operator INEOS bolsters fracking assets

UK shale gas explorer IGas Energy said today it has signed a farm-out and purchase agreement with Grangemouth refinery operator INEOS. On completion of the deal, INEOS will acquire an interest in licences in north-west England and the East Midlands, as well as an operated stake in acreage held under a licence in Scotland.

Oil & Gas

Grangemouth ‘needs shale gas move’

Scotland’s largest petrochemical plant at Grangemouth is unlikely to have a long-term future unless an indigenous shale gas industry can be developed, according to the firm that owns it. Chemicals giant Ineos proposes using shale gas as a raw material for its chemicals plants, and has revealed plans to put millions into exploration. But developing the industry could be stalled or even prevented after the Scottish Government announced a moratorium on granting planning consents for hydraulic fracturing, or “fracking” - the means of extracting the gas.

Oil & Gas

Ineos investment: Scottish Government warns of cautious approach

The Scottish Government said a "cautious approach" should be taken to the announcement by Ineos that it plans to invest £640million in shale and gas exploration in the UK. The move by chemicals giant Ineos could make it the biggest player in the industry in the country. The company already has two licences near its plant at Grangemouth in Scotland but is applying for more in Scotland and the north of England. It plans to use the gas as a raw material for its chemicals plants, including Grangemouth in Stirlingshire.

Markets

Ineos to invest £640million in UK shale gas

Chemicals giant Ineos has announced plans to invest £640 million in shale gas exploration and appraisal in a move which could make it the biggest player in the industry in the UK. The company already has two licences near its plant at Grangemouth in Scotland but is applying for more in Scotland and the north of England. Chairman Jim Ratcliffe said he wanted Ineos to become the biggest company in the British shale gas industry.