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Keyword: petrochem

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  • Shale’s bounty ignites US petrochemical export boom

    06/19/2014 4:57:47 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | June 18, 2014 | Collin Eaton
    Cheap, abundant U.S. shale gas soon will find its way to a new market: The flood of people moving from the countryside to the dense cities of developing countries. In a few years, the gas will arrive in China, India and Latin America as resin pellets that will become plastic products like food packaging, a key component for urbanizing populations as consumers trade farming markets for preserved foods. It’s a huge, hungry market. Shortly after U.S. gas prices collapsed a few years ago, a half-dozen energy companies raced to build plants along the Gulf Coast that can break natural gas...
  • Study: Energy industry struggling with labor shortage

    05/06/2014 6:39:47 AM PDT · by thackney · 59 replies
    San Antonio Business Journa ^ | May 5, 2014 | Mike W. Thomas
    The energy industry in the United States is facing a skilled labor shortage that risks billions of dollars in energy company investments and new technologies, according to a new study by Manpower Inc. The average age of today’s utility worker is 46, with 60 percent planning to retire in the next 10 years. At the same time, the demand for energy-related jobs is increasing every day. Jeffrey Hyler of executive search firm Spencer Stuart said the "crew change" of older executives retiring and leaving open positions for younger talent was delayed by the recession. The economic slump also provided a...
  • Report: Formosa Plastics plans new Texas chemical plant

    08/01/2011 4:58:17 AM PDT · by thackney · 32 replies
    Fuel Fix ^ | August 1, 2011 | Simone Sebastian
    Chemical Week reported today that Formosa Plastics is planning to build a $1.5 billion chemical plant at its Point Comfort, Texas, complex. The trade publication reported that Formosa Plastics Chairman Li Chih-tsun said that the ethylene plant would be completed in 2015. He said the unit would be located at the Point Comfort site to take advantage of the abundant natural gas available from the shale formation in South Texas. Called ethylene crackers, these plants convert the ethane in natural gas into ethylene, an early step in the creation of plastics used in many everyday consumer products. Formosa Plastics is...
  • Activists Urge Sudan Divestment ("Terrorism Investments of the 50 States")

    03/04/2006 7:47:18 PM PST · by fight_truth_decay · 11 replies · 677+ views
    MorningSentinel ^ | Saturday, March 04, 2006 | By CHUIN-WEI YAP
    WATERVILLE -- Mainers should push the Maine State Retirement System to divest $50 million of its investments in international companies operating in war-torn Sudan, a group of activists said Friday. A bill currently in the Statehouse to force the divestment, L.D. 1758, hangs in the balance, said Wells Staley-Mays, an adviser to the Fur Cultural Revival. He was speaking at a Colby College event alongside three Sudanese refugees. "Fur" refers to a major non-Arab tribe in the Sudanese region of Darfur -- an area the size of Texas, whose name literally means "home of the Furs" -- now threatened with...