I believe Pres. Trump is also seeking to increase energy production via gas and fracking.
And massive petrochemical plant construction....making basic feedstock for the plastics industry
This year, construction will begin on the Shell Chemical Appalachia LLC petrochemical plant in Beaver County, Pennsylvania, raising hopes for downstream opportunities in West Virginia.
Port Corpus Christi The project is expected to create 6,000 construction jobs and 600 permanent jobs, as well as $50bn (€46.5bn) in economic gains for the state in its first six years.
A massive plastics and petrochemicals project shared by ExxonMobil Chemical Co. and Saudi Basic Industries Corp. is heading to Corpus Christi, Texas.
The site would include the world’s largest ethylene cracker, with annual capacity of almosy 4bn pounds, as well as downstream units making polyethylene resin and other products. The site will cover 1,300 acres and represents a $10bn (€9.3bn) investment by the two firms.
In a news release, the project was described as “a unique opportunity created by the abundance of low cost US natural gas.”
The first of several petrochemical plants coming online this year became operational last week when Houston-based Occidental Petroleum opened its new facility near Corpus Christi.
The $1.5 billion ethylene plant in Ingleside is a joint venture between Occidental's OxyChem subsidiary and Mexico-based Mexichem. The facility, called an ethylene cracker, takes ethane from natural gas production and converts it into ethylene, which is the primary building block for most plastics.
The project is the smallest and first of several Texas Gulf Coast ethylene crackers being completed this year. Others under construction include Exxon Mobil plants in Baytown and Mont Belvieu and Chevron Phillips Chemical in Baytown and Old Ocean. The larger Exxon Mobil and Chevron Phillips projects each involve investments of about $6 billion.
Occidental's plant will annually churn out 1.2 billion pounds of ethylene, much of which will be turned into vinyl chloride monomers, which Mexichem will then convert into polyvinyl chloride to make for PVC piping and other products.