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Shell to pay for cost of acquiring buffer property near cracker site

Shell Chemicals is in the process of paying for the acquisition of a piece of property that would serve as a buffer between the $6 billion ethane cracker plant in Potter Township and nearby industrial properties. Jim Palmer, president of the Beaver County Corporation for Economic Development, said CED is acquiring about 54 acres that sit between the Shell site and the BASF and NOVA Chemicals properties. The sale of the land, currently owned by the Lyondell Environmental Custodial Trust, is expected to close later this month. Palmer on Tuesday declined to disclose the sale price. FULL ARTICLE

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