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Ineos Pledges Biggest Investment in U.K. Shale With $1 Billion

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Ineos Group AG, a chemical maker on the hunt for cheap energy supplies, will make the biggest investment yet in U.K. shale-gas exploration in a bid to invigorate the industry in Britain. The biggest British chemical producer will spend $1 billion on finding and developing shale reserves, Ineos said in a statement today. It has bid for licenses in the...

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