Ineos in the running for even more UK fracking licences

Ineos is looking to grow its shale business
Ineos is looking to grow its shale business

Ineos has applied for even more fracking licences as it seeks to grow the burgeoning shale gas side of its business empire.

The UK Government’s Oil and Gas Authority was expected to announce the awarding of 93 new onshore hydrocarbon licences as The Falkirk Herald went to press and Ineos, which has already secured 300,000 acres of potential fracking land, has applied for many of these new licences.

An Ineos spokesperson said: “Unlike many of our rivals we can use shale gases as both a feedstock and a power source at our petrochemical sites across the UK. This means shale gas could help underpin our competitiveness for years to come.”

The firm added it is committed to full consultation with all communities before it proceeds with any shale gas development and it has already been running drop-in events and information sessions throughout the area.