MOSCOW (MRC) -- Shell Chemical has completed the purchase of land from Horsehead Holding for its planned US$4 bln ethane cracker plant in Monaca, Pennsylvania, as per Chemicals-technology.
Located in the Potter and Center townships in Beaver County, the 1,000ac site was home to Horsehead's zinc smelter facility. Financial terms of the transaction have not been disclosed.
The site boasts access to liquid-rich natural gas resources and water, road and rail transportation infrastructure, power grids, and sufficient land to accommodate facilities and potential future expansions. Shell has consistently noted that receipt of the necessary permits is required before we can reach a final investment decision.
The company has demolished the zinc smelter, and is continuing with the site development. Shell spokesman Michael Marr said that the land purchase forms a key step in the ongoing permitting process.
"Shell has consistently noted that receipt of the necessary permits is required before we can reach a final investment decision," Marr said earlier.
In June 2011, the company unveiled plans to build a petrochemical complex in the Appalachian region. Shell is considering building polyethylene units to meet increasing demands in the region.
"We look forward to working with the communities in Pennsylvania and the gas producers across Appalachia as we continue with our efforts to develop the proposed petrochemical complex," the company said on its website.
As MRC informed earlier, Royal Dutch Shell has completed a revamp and upgrade of its Singapore ethane cracker. The project increased production for the 800,000-tpy ethylene plant on Bukom Island by 20%. The ethylene and olefins unit is also integrated with Shell’s 500,000-bpd refinery.
Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
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