Petrochemical

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

Enterprise Mulling 50,000 b/d Expansion for Appalachia-to-Texas Ethane Line

Enterprise Products Partners LP said Monday it’s testing support for up to 50,000 b/d of additional capacity on its Appalachia-to-Texas (ATEX) ethane pipeline.

August 26, 2019

Appalachian Petrochemical Prospects Abound on Cost-Advantages, IHS Says

Prospects for a wide variety of chemical manufacturing in the Appalachian Basin are robust as low-cost methane, propane and butane supplies are expected to continue increasing in the coming years, according to a study released last week by IHS Markit.

March 26, 2019
Pembina Aims for 2023 Ramp of Alberta Petrochemical Plant

Pembina Aims for 2023 Ramp of Alberta Petrochemical Plant

Pembina Pipeline Corp. has set a target of 2023 to start up production in Alberta from a C$4.5 billion ($3.4 billion) petrochemical project with its Kuwait partner.

February 5, 2019

Alberta Doubles Subsidies to Attract Petrochemical Investments

The Alberta government has doubled, to C$2 billion ($1.6 billion), a subsidy program for new petrochemical projects that increase demand for natural gas and liquid byproducts from wells and processing sites across the province.

November 26, 2018
U.S. Natural Gas Growth Said Shifting Supply Dynamics for Global Petrochemicals

U.S. Natural Gas Growth Said Shifting Supply Dynamics for Global Petrochemicals

The United States is poised to return to prominence as a low-cost region for petrochemical production thanks to the unconventional natural gas revolution, the International Energy Agency (IEA) said.

October 8, 2018
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