Petrochemicals

More News and Commentary

Thai company delays decision on $10 billion petrochemical complex in Ohio

The Columbus Dispatch: A Thailand company has again delayed its decision about whether to proceed with a massive petrochemical plant in eastern Ohio, raising more doubts about whether the project will proceed. PTT Global Chemical is conducting another feasibility study of the proposed plant in Belmont County, a review that will delay a final decision […]

November 18, 2020 Read More →
and

IEEFA: Ohio cancels permits for controversial Mountaineer storage facility

Powhatan Salt Company was to build mining wells for storing natural gas liquids (NGLs)

September 26, 2020 (IEEFA U.S.) ‒ The Ohio Department of Natural Resources announced it had cancelled permits for the Mountaineer storage project. The permits would have allowed Powhatan Salt Company to build solution mining wells for natural gas liquids (NGL) storage in Monroe County. The storage was intended to support a burgeoning petrochemicals industry in […]

and September 28, 2020 Read More →

IEEFA Energy Finance Conference 2020: Coal, LNG, petrochemical sectors face poor outlook and uphill battle for investors

Fossil fuel industries were becoming less financially attractive even before the global coronavirus pandemic

Three major fossil fuel-based industries—coal, liquefied natural gas, and plastics—were becoming less financially attractive even before the global coronavirus pandemic, according to experts who spoke during the second week of IEEFA’s 2020 Energy Finance Conference. The annual meeting of international energy, finance and policy experts, which was offered online this year because of COVID-related restrictions, […]

July 24, 2020 Read More →

Pandemic, markets cast doubt on future of plastics megaprojects

Appalachian Voice: The economic prospects of a proposed Appalachian petrochemical complex, which would bring plastics manufacturing and petrochemical infrastructure to the region, appear increasingly unsure in the wake of the COVID-19 pandemic and a rapidly changing market. For the past decade, lawmakers and corporate interests have spoken in favor of a potential petrochemical hub in […]

July 21, 2020 Read More →

IEEFA Australia: Dubbo’s new renewables zone shows the path away from fossil fuels

Markets are telling us renewables are the best solution for a faster recovery

With the economy faltering during the COVID-19 pandemic and jobs in short supply, different solutions are being proposed to move the country into a sustainable economic recovery. To benefit all Australians, many of whom are struggling with job losses, health concerns and faltering businesses, projects considered for the way forward should fulfil two simple criteria: […]

IEEFA update: Problems mount for PTTGCA petrochemical plant

IEEFA update: Problems mount for PTTGCA petrochemical plant

Request for permit extension raises questions about true risks

New disclosures by Thailand-based PTT Global Chemical America (PTTGCA) regarding its proposed petrochemical plant planned for Belmont County, Ohio, illuminate the financial risks facing the project. Interested citizens, community advocates and elected leaders should understand these risks and the disturbing implications for the future of the community. PTTGCA has delayed this proposed petrochemical plant numerous […]

IEEFA report: Financial risks loom for Shell’s Pennsylvania petrochemicals complex
, and

IEEFA report: Financial risks loom for Shell’s Pennsylvania petrochemicals complex

Changing market conditions and Shell’s financial woes call into question company profits

June 4, 2020 (IEEFA U.S.) – The Shell Pennsylvania Petrochemicals Complex being built in Beaver County, PA faces a combination of risks that weaken its anticipated financial performance. Given the critical importance of the complex to the host communities and the state, Shell has an obligation to acknowledge the project’s potential shortfalls. Its public partners, […]

and

IEEFA podcast: Banking on oil, gas and petrochemicals is a defensive strategy unlikely to work

A suicide mission?

Building a petrochemical facility reliant on the fossil fuel – gas – is one of the top-listed projects put forward by the Australian government aimed at stimulating the economy post COVID-19. The $1.9bn fertiliser facility pegged for Narrabri in New South Wales is not a new idea, and it can’t get planning approval until gas […]

Developers postpone planned plastics manufacturing facility in Ohio

Inside Climate News: The developers of a proposed plastics manufacturing plant in Ohio on Friday indefinitely delayed a final decision on whether to proceed, citing economic uncertainties around the coronavirus pandemic. Their announcement was a blow to the Trump administration and local economic development officials, who envision a petrochemical hub along the Ohio River in […]

April 27, 2020 Read More →

Pittsburgh mayor against expanding petrochemicals and fracking industries in Western PA

PublicSource: Pittsburgh Mayor Bill Peduto spoke out for the first time publicly against bringing additional petrochemical companies to Western Pennsylvania at the Climate Action Summit in Downtown Pittsburgh Wednesday. Peduto doubled down on his support for investing in green energy jobs and environmental cleanup, rather than fracking and plastics. When Peduto talks to business leaders […]

November 1, 2019 Read More →