Alaska pipeline may support two C2 crackers

10 April 2008 22:42  [Source: ICIS news]

HOUSTON (ICIS news)--A proposed Alaskan natural-gas pipeline could provide Canada enough ethane for two crackers, NOVA Chemicals said on Thursday.

"The Alaskan pipeline announcement is a big plus for our company and a big plus for the industry in Alberta," said Jeffrey Lipton, chief executive of NOVA.

Lipton was speaking to the company's shareholders during NOVA's annual meeting.

This week, BP and ConocoPhillips announced that they would jointly start developing a pipeline that could deliver 4bcf/day of natural gas.

Lipton said the ethane from the natural gas will be extracted in Alberta. That way, the gas can use the existing transportation facilities as it makes its way to the US.

The resulting ethane would be enough to support two large ethylene crackers, he said. Lipton did not give capacity figures.

In other natural gas news, Lipton said discoveries continue along the Horn River Basin in northeastern British Columbia. Estimates for one announcement total 15,000-25,000 bcf.

For more on ethylene visit ICIS chemical intelligence

By: Al Greenwood
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