12 January 2012 22:28 [Source: ICIS news]
HOUSTON--Anglo-Dutch major Shell is still searching for the site of a new ethane cracker in the US Appalachian region, Shell Oil president Marvin Odum said on Thursday.
The US now has "a liquids-rich, low-cost feedstock…" for chemical plants, Odum said, referring to the massive Marcellus Shale natural gas formation in the northeast US.
"That's what makes [a cracker] attractive in Pennsylvania or the Marcellus," Odum said at the Annual Meeting of the Academy of Medicine, Science and Technology of Texas in Houston.
He was the keynote luncheon speaker.
"We're talking to a couple states right now about where it will be," he said. "So it's not even just Pennsylvania."
He gave no timeline for when the decision will be made.
Pennsylvania, Ohio and West Virginia all covet the facility. They have courted Shell aggressively, putting together incentive packages and even, in West Virginia's case, drawing up plans for a cracker.
A Shell spokesman said the company will probably stay quiet on the subject until after the company releases its fourth-quarter and year-end 2011 financial results, which will be on 2 February.
|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|
Asian Chemical Connections