Ethane

Emboldened by a partnership with South Korea-based Daelim Industrial Co., PTT Global Chemical pcl (PTTGC) raised its stakes in Ohio on Monday, announcing that the size of its proposed ethane cracker in Belmont County would nearly double.

Emboldened by a partnership with South Korea-based Daelim Industrial Co., PTT Global Chemical pcl (PTTGC) raised its stakes in Ohio on Monday, announcing that the size of its proposed ethane cracker in Belmont County would nearly double.

PTT Global Chemical pcl said late Tuesday it has a made a deal with a subsidiary of Daelim Industrial Co. to conduct a feasibility study and secure funding for a multi-billion dollar ethane cracker proposed for southeast Ohio.

ExxonMobil Corp., in collaboration with Spain’s Instituto de Tecnologia Quimica (ITQ), has discovered a “potentially revolutionary” material that may sharply reduce the amount of energy and emissions associated with producing ethylene.

Petrochemical giant Ineos Group, which now ships U.S. natural gas to European ports, said Monday it has clinched a long-term supply agreement to ship domestic ethane from domestic shale fields to China’s SP Chemicals.

U.S.-based energy companies this week announced billions of potential investments from Chinese firms that would not only ensure financing to develop domestic natural gas but also the wherewithal to export more gas and ethane products to the fastest growing market in the world.

Regulatory setbacks that have plagued the Mariner East (ME) 2 pipeline since last year have delayed the in-service date to 2Q2018, Energy Transfer Partners LP (ETP) said this month.

An affiliate of Royal Dutch Shell plc last month submitted a permit application to the Pennsylvania Department of Environmental Protection (DEP) for the nearly 100-mile ethane pipeline system designed to feed the multi-billion dollar cracker under construction.

Sunoco Partners Marketing and Terminals said Monday it has commissioned an ethane distribution facility at the Marcus Hook Industrial Complex near Philadelphia, providing another outlet for natural gas liquids (NGL) in the Appalachian Basin.