INEOS slams Environmental Audit Committee Report on Fracking

INEOS, one of the world’s largest chemical companies, today hit out at the Environmental Audit Committee’s (EAC) proposal to call a halt to Shale gas development in the UK. The company believes that the EAC has overly focussed on the potential risks rather than the benefits of Shale gas extraction.

You Gov Shale Gas Poll Results

In late September, INEOS announced plans to give 6% of its shale gas revenues to the local community, with 4% going to home & land owners situated above the wells and 2% going to the wider community.

INEOS acquires Grangemouth power plant from Fortum for £54 million.

INEOS Industries Holdings Ltd has agreed to acquire the Combined Heat and Power Plant (CHP) from Fortum, that serves the Grangemouth site, for £54 million. Grangemouth CHP, currently owned and operated by Fortum, is a natural gas-fired combined heat and power (CHP) plant located at the Grangemouth petrochemical site and refinery in Scotland.

INEOS Signs Polyethylene Technology License Agreements with ASCENT

INEOS Technologies announced today that it has entered into license agreements for its Innovene S and Innovene G polyethylene technologies to be used by the proposed ASCENT (Appalachian Shale Cracker Enterprise) petrochemical complex currently being evaluated by Odebrecht and Braskem in West Virginia, United States.