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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

Shell extends option to buy Pennsylvania cracker site

10:21 AM MDT | July 1, 2013 | Clay Boswell

Shell Chemical has extended by six months its option to buy a site in Monaca, PA, for the location of a world-scale cracker that would process ethane from the Marcellus shale, according to a statement issued 28 June by Horsehead Holding Corp. (Pittsburgh), the current owner. Shell announced the original land option in March 2012 and signed a first six-month extension in late 2012. According to news reports, area residents had hoped for a decision on the project. However, Pennsylvania’s governor, Tom Corbett, told a local newspaper in April that he did not...

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