Privately owned multinational chemicals company INEOS has created a subsidiary, INEOS Upstream, to exploit fracking in the UK. INEOS now owns 100 percent of the fracking licence (PEDL 133) around Falkirk and Sterling (127 square miles) and 80 percent of PEDL 162 (Reach CSG has 20 percent) around Lennoxtown/Cumbernauld/ Shotts (153 square miles). INEOS secured additional licences in the 14th Onshore licensing round and by acquisition buying into the licences of other UK operator IGas. Ineos now have access to 1.2 million acres of the UK.
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