Chevron Phillips, petrochemical expansion… FuelFix

October 9, 2016 by Jim Colburn Leave a Comment

The story from FuelFix is about a Chevron Phillips $6 billion petrochemical plant expansion, but here is the takeaway:

“The effort is the continuation of the petrochemical boom primarily along the Gulf Coast to take advantage of cheap and ample ethane derived from natural gas through the ongoing shale revolution. The American Chemistry Council, a chemical industry trade group, estimates that more than 250 petrochemical projects are under construction or planned across the country through 2023, and they will create about 70,000 jobs. The combined cost is about $160 billion, including about $50 billion in Texas.”

Here is the link: http://fuelfix.com/blog/2016/10/07/chevron-phillips-6-billion-expansion-nears-completion/

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