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 ...
Thank you.
I’ve worked my entire 30+ years to actually be called a “capitalist tool”. I have achieved!
Unfortunately, I can’t retire yet.
Apparently not enough, given the massive use of rail shippage of crude oil, and the current controversy over building various new pipelines.
Note...I'm from South Louisiana, and spent many years of my career working for one of the largest chemical companies in the world IN South Louisiana, so I have a passing familiarity with where various HC's come from, and where they go.
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