Capitalize

Looking to capitalize on the fact that U.S. regular octane gasoline prices on average are 12.3% higher than one year ago and 86% higher than the nationwide average price of natural gas vehicle (NGV) fuel on a gallon equivalent basis, American Honda has teamed with Clean Energy Fuels Corp., the largest owner of public compressed natural gas (CNG) fueling stations in the United States, to offer a debit card pre-loaded with $3,000. The card can be used at Clean Energy CNG fueling stations around the country with the purchase of a new 2012 Honda Civic NGV.

Dow Chemical Co. plans to build a world-scale ethylene production plant at its Dow Texas Operations in Freeport, TX, as part of a plan to capitalize on low-cost feedstocks available from growing U.S. shale gas supplies, the company said Thursday.

In an effort to capitalize on liquids-rich gas production in Texas and the Midcontinent and provide producers with a natural gas liquids (NGL) marketing alternative to Mont Belvieu, TX, Crosstex Energy Inc. unit Crosstex Energy LP said it is planning to expand Louisiana fractionation facilities and construct a new NGL pipeline.

In an effort to capitalize on emerging feedstock opportunities and growing North American demand, NOVA Chemicals Corp. is planning to build new polyethylene lines and expand ethylene production at two facilities, the Canadian chemical giant said Tuesday.

Talisman Energy Inc. plans to trim capital spending in its North American dry gas plays by 35% year/year to capitalize on higher oil prices.

Talisman Energy Inc. said Tuesday it will cut capital spending in its North American dry gas plays by 35% year/year to capitalize on higher oil prices.

Growing natural gas liquids (NGL) production — particularly that of ethane — is a positive story for the petrochemical industry as well as oil and gas producers. However, talk of an NGL glut is growing louder as the industry continues to grow production — particularly from liquids-rich shale plays — and build out infrastructure. Opinions vary on what is to come.

Looking to capitalize on the growing need for natural gas storage in the prolific Marcellus Shale region of Pennsylvania, Valley Forge, PA-based UGI Corp. said Friday its UGI Central Penn Gas Inc. (UGI CPG) and UGI Storage Co. subsidiaries are conducting a binding open season for 14.7 Bcf of firm underground storage service from three existing storage fields.

Looking to capitalize on the growing need for natural gas storage in the prolific Marcellus Shale region of Pennsylvania, Valley Forge, PA-based UGI Corp. said Friday its UGI Central Penn Gas Inc. (UGI CPG) and UGI Storage Co. subsidiaries are conducting a binding open season for 14.7 Bcf of firm underground storage service from three existing storage fields.