Posted on 06/07/2016 4:27:55 AM PDT by RS_Rider
Royal Dutch Shell will build the multibillion-dollar petrochemical plant it proposed more than four years ago on the banks of the Ohio River in Beaver County.
The decision announced early Tuesday ends years of anticipation and debate that swirled as Shell prepared the massive site in Potter and Center while a global collapse in oil and natural gas prices prompted the company to lay off thousands and halt other projects.
“Shell Chemicals has recently announced final investment decisions to expand alpha olefins production at our Geismar site in Louisiana and, with our partner CNOOC in China, to add a world-scale ethylene cracker with derivative units to our existing complex there,” said Graham van't Hoff, executive vice president for Shell's global Chemicals business, in a news release. “This third announcement demonstrates the growth of Shell in chemicals and strengthens our competitive advantage.”
(Excerpt) Read more at triblive.com ...
Yeah, hopefully the industry will rebound after that idiot Wolf tries to destroy it.
With the inaugeration of Pres. Trump, the lid will really be off again re American prosperity.
This plant will require a HUGE amount of wet gasses and a revitalization of wells to be drilled. Not sure the current supply can provide it.
:: This plant will require a HUGE amount of wet gasses ::
The Western Permian and Northern Permian are taking orders!
Shell has been studying this for years.
I’m confident PA can extract enough gas to make it work.
Go Trump!
“I’m confident PA can extract enough gas to make it work.”
With Marcellus and the deeper plays absolutely yes!
The other week, on a local radio show they were talking about two cracker plants in the Pittsburgh area.
If the legislature plays their cards right, they might even make him so frustrated that he departs earlier.
I think Mark West has already installed the de-ethanizers on their cryo plants. Mountain Gathering should be in the process of adding them too.
That and the Mariner lines for export via Marcus Hook and the LNG terminal at Cove Point, MD will be long-term drivers of prosperity that are desperately needed here in Northern Appalachia. Wolf needs to be made one-and-done.
Too far away, and in the wrong direction. Oil and gas from the Permian will continue to go to Gulf Coastal refineries (Tx and La).
This move is to access the huge supply of shale gas/oil that underlies most of the Northeast and Midwest that have barely been touched (Utica and Marcellus and others).
The entire terra of the US is pipelined.
There really is no “financially efficient” direction to send the C2-C4 products. [Everyone buys Saran Wrap-C2, and propane canisters-C3, BIC has butane-C4 lighters...]
C1 goes into the LDC system and we fire-up the stove everyday.
Iffin’ y’all want to buy it, we can pipeline it to you.
My whole O&G career was based on the following statement:
Pipe in the ground is money in your pocket.
That’s racially offensive
:-)
And I, for one, am darn grateful to you and the rest in the O&G industy. Thanks for allowing me and mine to cook, eat, and cool, all due to the hole in the wall connected to a pipeline.
Thanks bro!
It ain’t me.
It’s CAPITALISM!
:: we prefer the term, “Appalachian Americans” ::
Ill be laughing at that one all day! Thanks.
Eye-R an original Michigan hillbilly.
Money that sits in a vault produces no work or product.
;>)
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