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Shell extends option on Marcellus cracker site for six more months

7:50 AM MDT | July 12, 2013 | —Clay Boswell

Shell Chemical has extended by six months its option to buy a site at Monaca, PA, for the location of a world-scale cracker that would process ethane from the Marcellus shale play, according to a statement issued 28 June by Horsehead Holding (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 governor Tom Corbett told a local newspaper in April that he did not expect a...

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