28 March 2011 00:26 [Source: ICIS news]
SAN ANTONIO, ?xml:namespace>
“The consensus seems to be that there will be a new cracker somewhere in the Marcellus region; the only question is where,” said John Margeson, head of chemicals and plastics in the Resource Processing Industries Branch of Industry
Margeson was referring to the Marcellus shale gas play that stretches from upper
The Marcellus play is one of nearly a dozen major shale fields that stretch across the
The increasing development of shale gas in the lower 48 US states has boosted the nation’s gas resources by some 35% since 2006, according to the US Department of Energy.
With that much additional resource available, a new
Bayer is among chemical producers that have offered production sites for a new cracker, suggesting that two of its existing facilities in
Margeson said that the Canadian petrochemicals complex at
“It would give
Margeson noted that
“We think the
He said a study by Markwest, a midstream company in partnership with Sunoco, indicated that existing pipeline networks would need only 25 additional miles of line to make a connection between
Margeson was speaking on the sidelines of the 36th annual International Petrochemical Conference (IPC). Sponsored by the National Petrochemical & Refiners Association (NPRA), the conference runs through Tuesday.
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|