Shell views Monaca ethane cracker as one of its top investment decisions
Friday, May 13, 2016
The proposed ethane cracker project in Monaca, Pennsylvania, is one of Royal Dutch Shell’s key investment projects, according to a company executive, The Business Journal reports.
The project would give Shell a diverse portfolio. The project is estimated to cost between $2 billion and $4 billion.
Low commodity prices have stalled Shell’s decision on the ethane cracker project, but the company should be able to make a decision within a year.
Read more: The Business Journal > Shell Oil Exec: Pa. Cracker is an ‘Excellent’ Project
More about the proposed ethane cracker:
- Shell intends to spend more money in downstream, petrochemicals in 2016 – Feb. 13, 2016
- Shell keeps Beaver County ethane cracker project in plans for now – Feb. 9, 2016
- Shell takes more steps for ethane cracker plant location in Monaca, Pennsylvania – Oct. 12, 2015
- DEP grants Shell air quality permit for Monaca, Pennsylvania, ethane cracker – June 22, 2015
- Shell closes on Monaca, Pennsylvania, site for cracker plant – June 20, 2015
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.