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Tuesday, February 16, 2016

Uncertainty in Energy Market Clouds Future of Proposed Cracker Plants

From The Daily Jeffersonian:
Jason Hamman opened his presentation at the Guernsey Energy Coalition's Thursday morning meeting by asking the (multi) million dollar question: Is even one of the four proposed ethane cracker plants actually going to happen in Ohio, Pennsylvania or West Virginia? 
Well, maybe. 
A cracker plant converts ethane, a by-product from Marcellus Shale and Utica Shale natural gas, into the widely used ethylene, a key component for the plastics industry. 
Hamman was guest speaker at the Guernsey Energy Coalition Thursday morning at the Southgate Hotel in Cambridge. 
Jo Sexton, president of the Cambridge Area Chamber of Commerce and moderator for the event, welcomed Hamman, president of The Hamman Consulting Group, based in Vermilion, and represents the Monroe County Economic Development Corporation. 
According to Hamman, the smallest of the projects, Appalachian Resins, Inc., a $1 billion ethane cracker plant originally on target to be built in West Virginia, is on hold. 
[The dollar amount used to identify the estimated cost for any of the four cracker plants, in this or any other related story is billion (s), we passed millions quite some time ago.]
Read the whole article by clicking here.

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