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Thursday, December 26, 2013

Shell takes final extension on Pa. site for proposed ethane cracker

Shell takes final extension on Pa. site for proposed ethane cracker

Shell Chemical has signed a deal with the owners of a Beaver County industrial site that would give the company more time to decide whether to buy the land and build a multi-billion dollar petrochemical plant called an ethane cracker.

It is the third time Shell has extended a land option with Horsehead Corporation, the company that owns the 300-acre site in western Pennsylvania near the Ohio border.

“We expect that this will be the last land option extension before making a final decision on whether to proceed with the proposed project,” Shell spokeswoman Kayla Macke said in an e-mailed statement.
Under the deal, Shell will also pay for demolition work to prepare the site for potential construction. Beaver County property records show Shell recently bought a 5.5 acre parcel adjacent to the site for $1.87 million, according an Associated Press reviewRead more...

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