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Story regarding Royal Dutch Shell may not invest in a $2 billion petrochemical plant in PA. I wonder if this will open up the possibility of placing a cracker plant in WV?
Story regarding Royal Dutch Shell may not invest in a $2 billion petrochemical plant in PA. I wonder if this will open up the possibility of placing a cracker plant in WV?
There are cracker plants, and there are cracker plants. The Shell project was to be a massive undertaking. With all those resources located in that region, somebody is going to build something there or nearby. The area from WestPenn south to Parkersburg is going to get a cracker sooner or later. It might be in Ohio, but that area will get a plant. It costs too much to move all that gas out of there.
I wonder if this will open up the possibility of placing a cracker plant in WV?
Not sure how balking the PA cracker because of planned pipelines to already built and unused refineries along the Gulf helps WV in any way. Uh not to mention this quote:
"...the company over-invested in the U.S. oil and gas shale market. He told the Financial Times in early October his "biggest regret" as Shell CEO was the company's $24 billion bet on North American shale."
Not sure how balking the PA cracker because of planned pipelines to already built and unused refineries along the Gulf helps WV in any way. Uh not to mention this quote:
"...the company over-invested in the U.S. oil and gas shale market. He told the Financial Times in early October his "biggest regret" as Shell CEO was the company's $24 billion bet on North American shale."
You are reading far too much into a single comment. These companies have to balance out their investments for various reasons. Shell is currently cash strapped and has to decide among three priorities... that is the thrust of his comments, not that the cracker investment is a poor choice. While Shell is cash strapped, Consol energy has recently taken moves to throw $14 billion more into their northern West Virginia Marcellus investments so that they will have sufficient cash to take advantage of the opportunities.
Also, while there is currently over capacity in Gulf Coast cracking facilities, it is not anticipated that this situation will remain that way, and the pipelines do not have the capacity to transport the kinds of volume that new developments will bring about long term.
well it's about time! Glad to hear, and glad for the communities in that part of the state that will be impacted by the economic impact. I believe that as far away as Clarksburg, Charleston, Wheeling, and even to some extend Huntington because of the growing transportation industry there will be impacted in some way. the whole state will no doubt reap the benefit!
well it's about time! Glad to hear, and glad for the communities in that part of the state that will be impacted by the economic impact. I believe that as far away as Clarksburg, Charleston, Wheeling, and even to some extend Huntington because of the growing transportation industry there will be impacted in some way. the whole state will no doubt reap the benefit!
There is no doubt the whole state will benefit. Manufacturing wise this is huge for the Ohio Valley, and of course Charleston is always interested in finding fatted cows to milk for tax money and pork. From Parkersburg north will be booming with plastics and oil and gas production, and Huntington will be bursting at the seams with transportation activity.
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