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Wednesday, June 8, 2016

Shell is Moving Full Steam Ahead on Ethane Cracker Plant in Pennsylvania

From TribLIVE:
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, a move heralded by leaders across the region. 
“This announcement by Shell has the potential to be a game-changer not just for Beaver County, but for the entire region,” Sandie Egley, chair of the county commissioners, said in a news release that celebrated the prospect of thousands of jobs for the region. 
The decision announced early Tuesday by the international oil, gas and chemical producer ends years of anticipation and debate that swirled as Shell prepared the massive site in Potter and Center while a global collapse in fossil fuel 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.”
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