Shell’s investment in a world scale ethane cracker in Pennsylvania is paving the way for a major Appalachia petrochemical industry and a proposed underground storage system could spur additional investment in the region, analysts told Petrochemical Update.
The U.S. will add 66.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) export capacity by 2019, by which time final investment decisions (FIDs) on a second wave of export terminals will be made, analysts told Petrochemical Update.
A flurry of Gulf Coast LNG export facilities is set to raise U.S. domestic gas prices in the coming years and developers are optimizing liquefaction technology to capitalize on growing arbitrage opportunities between U.S. and global gas markets, analysts said.
ExxonMobil is targeting key export markets such as Asia though 11 Gulf Coast chemical manufacturing and export facilities, including back-to-back ethane cracker projects which will add to the region's surging ethylene supply.
Total project cost estimates for a typical 1.5 million ton-per-annum (mtpa) ethane cracker on the U.S. Gulf Coast rose by $14.2 million (0.7%) to $2.1 billion in the period September-December, according to Petrochemical Update’s U.S. Ethylene Plant...