An Aberdeenshire MSP has cast fresh doubt on the Scottish Government’s opposition to fracking in the run-up he arrival of the first shipment of shale gas at Grangemouth this week.
By Alexander Burnett MSP, Scottish Conservative Energy spokesman
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.
A US fracking company which has a contract to supply Ineo’s petrochemical plant at Grangemouth with ethane has reportedly been fined in the past for polluting the environment.
A green group has reiterated calls for the Scottish Government to ban fracking outright as Ineos’s first shipment of ethane from the US nears the firm's plant at Grangemouth.
The owner of Grangemouth refinery has accused the Scottish Government of “hypocrisy” by impeding fracking when shale gas imports are protecting 10,000 jobs in and around the economically vital plant.
The first shipment of shale gas from fracking is to arrive in Scotland within weeks, Ineos bosses confirmed as they hit out at the Scottish Government’s “absurd” moratorium on the controversial practice.
A subsidiary of chemicals giant Ineos has snapped up North America’s top producer of sulphur dioxide and other chemicals used for treating wastewater for an undisclosed fee.
Ineos Enterprises, part of the Swiss-based company owned by billionaire industrialist Jim Ratcliffe, bought Calabrian Corporation from New York private-equity firm SK Capital Partners late last month.
SK recapitalised Calabrian in 2011 alongside the Cogliandro family, which founded the company.
Petrochemicals giant Ineos is said to be planning to lodge as many as 30 applications to drill test wells in the next six months, according to reports.
Ineos said yesterday it was investing millions of pounds to expand production at a factory that will use ethylene produced from US shale gas into Scotland as its main raw material.
Senior executives at Ineos have claimed Scotland's economic fortunes could be transformed by fracking with new estimates suggesting it could be capable of producing more has than has been found in the North Sea.