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Pinnacle to build natural gas processing plant in Texas

July 22/2021

MOSCOW (MRC) -- Pinnacle Midstream plans to build a 200 million cubic feet/day (5.66 million cubic metres/day) natural gas processing plant in the Midland Basin in west Texas, said the company.

The Dos Picos Plant, located in Midland County, will complement Pinnacles existing high pressure, large diameter gathering and compression facilities that commenced operations during the first quarter of 2021. The project will provide access to the most competitive downstream markets, maximize netback and optionality for Pinnacles customers, and be equipped with an integrated Nitrogen Rejection Unit (NRU). The system will be readily expandable based upon continued customer demand.

Pinnacle remains committed to its environmental stewardship, prioritizing the responsible use and protection of the natural environment surrounding the Companys assets. A supporting initiative is the Companys ongoing evaluation to develop a fully integrated solar facility adjacent to the Dos Picos Plant to supplement electrical power needs with renewable energy to reduce the carbon intensity of the system. This low-impact solution should reduce direct greenhouse gas emissions for Pinnacle as well as indirect (Scope 2) emissions for its growing customer base. Furthermore, Pinnacle intends to deploy low-impact energy sources where applicable across its asset portfolio. The Dos Picos project itself will play a pivotal role in continuing to reduce the flare intensities across the Permian Basin and further aid in the reduction of our customers overall carbon footprints.

As per MRC, American Pinnacle Polymers, one of the main producers of polypropylene (PP) in the US, announced an increase in August prices for all grades of polypropylene (PP) in the US market. Thus, an increase in PP prices in the amount of 5 cents per pound or USD110 per ton will take effect on August 1, 2021 or under the terms of current contracts.

According to MRC's ScanPlast report, PP shipments to the Russian market were 607,8900 tonnes in January-May 2021, up by 33% year on year. Shipments of homopolymer PP and PP block copolymers increased, whereas deliveries of PP random copolymers decreased.

Pinnacle Midstream II, LLC is an independent midstream energy company headquartered in Houston, Texas. The Company is focused on providing high-quality natural gas services to producer customers throughout the Midland Basin.


mrcplast.com
Author:Anna Larionova
Tags:PP, PE, gas processing, neftegaz, Pinnacle Polymers, Russia, USA.
Category:General News
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