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Posts Tagged ‘Pennsylvania Shell ethylene cracker plant’

Why The Oil Industry’s $400 Billion Bet On Plastics Could Backfire

Why The Oil Industry’s $400 Billion Bet On Plastics Could Backfire

Scott Carpenter: Energy Sept 5, 2020Key takeaways:

  • Oil companies plan to invest $400 billion into new petrochemical plants, betting that demand for plastic will keep growing.
  • Authors of a new report say the industry and other forecasters fail to consider that large majorities favor legislation to curb plastic use and waste and that governments are acting.
  • Plastics impose a cost of $1000 per tonne — through CO2 emissions, air pollution, and collection costs. Calls to shift those costs onto producers through taxes are growing.
  • Outside experts said the long-term outlook for plastics demand remains uncertain and will depend on consumer preferences and government actions.

The COVID-19 pandemic and accelerating green growth around the world have eviscerated many of the oil industry’s dogmas: that renewables would suffer from high costs, that governments would slow-walk environmental commitments, that investors would continue to reward long-term bets on oil with generous market values.

But one nugget of wisdom has survived everything the market has thrown at it, and now oil companies like ExxonMobil and Shell are wagering billions on it: that the world’s demand for plastics is still growing, with no end in sight. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Video: Petrochemical America: From Cancer Alley to Toxic Valley

SEE RELATED MARK DIXON ARTICLE BELOW: Petrochemical America: From Cancer Alley to Toxic Valley

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Petrochemical America: From Cancer Alley to Toxic Valley

By Mark Dixon: 7 Oct 2017

People are finally getting meaningfully organized in Pennsylvania around this issue. Consider this massive anti-Shell cracker “#ToxicNeighbor” campaign recently initiated by the state-wide environmental organization, PennFuture

And the #PetrochemicalAmerica exhibit wrapping up today in downtown Pittsburgh (the exhibit moves right into Shell’s territory in Beaver, PA in a few weeks)

CLICK HERE TO VIEW RELATED VIDEO 

EXTRACTS FROM WIKIPEDIA ARTICLE: 

The Pennsylvania Shell ethylene cracker plant is a proposed chemical plant in Potter Township, Pennsylvania near Pittsburgh that will be owned and operated by Shell Oil Company, the American subsidiary of supermajor oil company Royal Dutch Shell.[1] The plant will be located near the interchange of Interstate 376 and Pennsylvania Route 18, expecting to open in the early 2020s.[2] read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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