U.S. liquefied natural gas (LNG) projects, that in 2022 saw strong interest from buyers abroad willing to lock themselves into long-term contracts, this year face a more reluctant buy side...
Abandoning or making dramatic changes on the North American Free Trade Agreement could damage the petrochemicals investment boom and invite lower-cost competitors to increase their presence in the U.S. market, according to a study from the American Chemistry...
As natural gas liquids (NGL) growth accelerates in the US, the feedstock advantage will likely fuel additional investment decisions for mega projects along the Gulf Coast and Northeast, Phillips 66 executives said.
Total construction costs for a U.S. Northeast cracker project are estimated to be about $197 million higher than for U.S. Gulf Coast projects, however the cost benefits of being close to the feedstock supply and the downstream customers may even this out,...
The US chemical industry’s renaissance continues in 2018 with capital spending expected to rise by more than 6% from 2017 and planned maintenance spend to increase by 38.5% to $1.26 billion, according to the latest data from trade associations.
Construction at Shell’s world scale $6 billion petrochemical complex near Pittsburgh, Pennsylvania has begun, and as the first major U.S. project of its type to be built outside the Gulf Coast in 20 years, Shell is paving the way for a major Appalachia...
