By Daniel Hunter

Chemicals giant Ineos has announced plans to invest £640m in exploring shale gas in the UK.

Ineos is expecting to use the gas as a raw material for its chemicals at its plant in Grangemouth in Stirlingshire.

Shale gas is believed to be a strong source of energy and revenue for the UK. But the process by which it is extracted, 'fracking', has proved controversial with a number of people concerned over environmental issues.

Ineos is currently building Europe's largest shale gas import facility to feed its petrochemicals at Grangemouth.

But the volume of shale gas available in the UK has been debated with some organisations questioning how much could actually be extracted.

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