Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Shell Nixes Gulf Project

by Alexander H. Tullo
December 16, 2013 | A version of this story appeared in Volume 91, Issue 50

Shell has pulled the plug on a planned gas-to-liquids project in Louisiana. The plant would have cost more than $12.5 billion and made 140,000 barrels per day of fuels and chemical feedstocks from natural gas. The company says the potential for escalating project costs as well as uncertainty over the long-term differential between oil and natural gas prices tipped the scales against it. The cancellation may increase the chances that Shell will give the go-ahead for its proposed ethylene cracker complex in Monaca, Pa. In October, CEO Peter Voser said Shell wouldn’t take on the GTL project, the ethylene cracker, and a proposed liquefied natural gas terminal all at once. Pennsylvania Sen. Robert P. Casey Jr. (D) wrote a letter urging Shell to move forward in Monaca now.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.