20 March 2013 23:15 [Source: ICIS news]
HOUSTON (ICIS)--In the US Gulf Coast region alone, there is about $30bn (€23bn) of potential projects tied mainly to shale production, an engineering firm executive said on Wednesday.
“The petrochemical industry in the US is on a dramatic uptick, not only because of shale gas and the large quantity of gas for 100 years to come is available, but we have the infrastructure in the United States and North America to move that gas from anywhere it’s being taken to places where it can be processed,” said Richard Meserole, vice president of operations and general manager of Fluor in Houston, Texas.
“That’s why you see such a huge conglomeration in the Gulf Coast because it’s where pipelines exist, transportation exists and of course shale exists, and we’re going to be on the front end of what we think is a significant site,” he said during the IHS World Petrochemical Conference.
Meserole pointed to a number of projects planned in the next three years, including four to six new ethylene crackers, at least three propane dehydrogenation (PDH) units, two gas-to-liquids (GTL) facilities, as well as standalone derivative units.
In the past, the projects have been spread out across the country – not just in Texas or Louisiana, he said.
“The Gulf Coast is certainly going to see the most of it, whether it’s building an LNG [liquefied natural gas] facility, building a petrochemical complex, building a power plant, building any number of PDH or crackers or GTL [gas-to-liquids] units,” Meserole said.
The industry is seeing some projects planned in Pennsylvania, where shale is abundant from the Marcellus and Utica formations, and in Canada, which is seeking to export LNG to Asia, he said. However, the Gulf Coast is going to be the area where the big conglomeration will be.
The IHS World Petrochemical Conference runs through Thursday.
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