Petrochemical

Easton Energy Snags ExxonMobil’s South Texas Petrochemical Pipeline

Easton Energy Snags ExxonMobil’s South Texas Petrochemical Pipeline

Houston-based Easton Energy LLC is expanding its midstream assets in South Texas, agreeing to buy a petrochemical pipeline system from ExxonMobil for an undisclosed amount. The South Texas Pipeline System runs 720 miles from ExxonMobil’s Clear Lake and Katy gas plants near Houston to Energy Transfer LP’s King Ranch gas plant and the Port of…

November 12, 2020
Alberta Offering Construction Subsidy for Natural Gas-Focused Petrochemical Plants

Alberta Offering Construction Subsidy for Natural Gas-Focused Petrochemical Plants

The Alberta government has posted a subsidy offer to pay 12% of construction costs for petrochemical projects that use liquid byproducts of natural gas as raw materials. No ceilings limit the total value of the Alberta Petrochemicals Incentive Program (APIP) or the sizes of aid candidates. The sole restraints exclude coverage of cost overruns and…

November 2, 2020
Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19

Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19

Construction of Royal Dutch Shell plc’s multi-billion dollar ethane cracker in western Pennsylvania is about 70% complete, while the 98-mile pipeline system that would feed the facility is 95% complete, a company executive said Tuesday, noting that the Covid-19 pandemic has complicated the project. “All of the major equipment is up, all of the modules…

September 29, 2020
Mountaineer NGL Storage Pulls Key Ohio Permits, But Project Still Moving Ahead

Mountaineer NGL Storage Pulls Key Ohio Permits, But Project Still Moving Ahead

An underground natural gas liquids (NGL) storage project in Ohio — seen as key to the Appalachian Basin’s petrochemical buildout — has hit another snag as its backers have withdrawn their permits in the face of a lawsuit from environmental groups.  The Ohio Department of Natural Resources (ODNR) last week cancelled three permits to drill…

September 29, 2020
EIA Says U.S. Ethane Production to Grow at Steady Clip Through 2021

EIA Says U.S. Ethane Production to Grow at Steady Clip Through 2021

A rebound in demand for ethane as a key feedstock for petrochemical manufacturing should fuel production growth through 2021, according to the Energy Information Administration (EIA). EIA forecasted in its August Short-Term Energy Outlook that ethane production would exceed 2 million b/d by the fourth quarter. That would mark a 9% increase from the start…

August 14, 2020
Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Plans for an underground natural gas liquids (NGL) storage facility in Ohio seen as key to the region’s petrochemical build-out have moved another step closer to reality as the backer of a multi-billion dollar ethane cracker has signed a preliminary agreement to further its development.   Energy Storage Ventures LLC (ESV) and an affiliate of Thailand’s…

July 27, 2020
Daelim Cites Covid-19 in Dropping Stake in Ohio Ethane Cracker

Daelim Cites Covid-19 in Dropping Stake in Ohio Ethane Cracker

PTT Global Chemical pcl has lost its equity partner in a multi-billion dollar ethane cracker proposed for southeast Ohio.  Daelim Chemical USA dropped its stake, citing the Covid-19 pandemic’s impact on the project timeline and the global economy’s impact on its investment plans. PTT affiliate PTTGC America LLC said it would move ahead with the…

July 17, 2020
BP Strikes $5B Deal to Sell Petrochemicals Business to Ineos as Energy Transition Escalates

BP Strikes $5B Deal to Sell Petrochemicals Business to Ineos as Energy Transition Escalates

BP plc on Monday announced it is selling off its substantial petrochemicals business, much of it in the United States, in a $5 billion deal with chemicals giant Ineos Group. The sale, designed as “the next strategic step in reinventing BP,” would strengthen the balance sheet and deliver on the supermajor’s $15 billion total planned…

June 29, 2020
Sasol Nears Finish Line on Lake Charles Petrochemicals Project as Two More Units Ramp Up

Sasol Nears Finish Line on Lake Charles Petrochemicals Project as Two More Units Ramp Up

Two more chemical units have ramped up at Sasol Ltd.’s massive ethane cracker complex underway in Lake Charles, LA, putting the Integrated chemicals and energy giant in sight of completion before the end of the year. The world-scale Lake Charles Chemicals Project (LCCP), a petrochemicals facility adjacent to an existing Sasol site, is designed to…

June 25, 2020
West Virginia Task Force to Promote Appalachia’s Emerging Petrochemical Industry

West Virginia Task Force to Promote Appalachia’s Emerging Petrochemical Industry

West Virginia Gov. Jim Justice has signed an executive order establishing a task force dedicated to creating more downstream manufacturing opportunities as the region’s petrochemical industry expands.

September 3, 2019
‹ Previous 1 2 3 7