Post Tagged with: "Propane"
New Crackers Creating Demand for Ethane and Propane, along with Growing NatGas Exports, Could Push Petrochem Plants from NatGas to Oil Feedstocks: McKinsey
Beginning a transition of the petrochem industry over the next 12 years
From McKinsey
Location has been the key to success in petrochemicals: playing in emerging markets and accessing cheap feedstock. As the industry shifts, companies will have to work …
More PetroChem Plants: PetroLogistics II Formed with $500 Million Initial Commitment
Quantum Energy Partners and Stonecourt Capital LP have announced the formation of PetroLogistics II LLC, with founders David Lumpkins and Nathan Ticatch.
PetroLogistics II, headquartered in Houston, Texas, plans to continue the strategy of its predecessor, PetroLogistics Company LLC. The …
Inter Pipeline Building a $3.5 Billion Propane to Plastics Plant with Help From Canadian Govt.
Incentives to draw PetroChem developers was Alberta’s royalty credits
Inter Pipeline Ltd. (ticker: IPL) is getting help from the Canadian Government to build a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant with a price tag of $3.5 billion.…
American Midstream Partners Selling Propane Business, Redeploying Capital
In a $170 million cash transaction, American Midstream Partners (ticker: AMID)—which provides natural gas and oil gathering, processing, and transmission—has agreed to sell its propane business to SHV Energy. The sale includes American Midstream’s service locations, cylinder exchange program, and …
AltaGas Announces Positive FID on Ridley Island, Canada’s First Opportunity to Ship its Propane Directly to Asia
Canadian advantage: Ridley Island’s planned 1.2 MMTPA capacity will allow Western Canada’s producers to sell propane to Asia from B.C. with transit time of 10 days vs. 25 days from U.S. Gulf coast
AltaGas Ltd. (ticker: ALA) announced a positive …
Freeport Up and Running: Phillips 66 Ships First LPG Cargo Abroad
In another little milestone heralding the acceleration of U.S. energy exports, Phillips 66 (NYSE: PSX) said that Friday it loaded its first contracted LPG cargo on the Commander, a very large gas carrier (VLGC) that departed the Freeport, Texas, terminal …
El Nino Sucks the Wind out of Electricity, Propane and Heating Oil Demand
Electricity Demand for Heating Down 6% Nationwide in 2015
Above-average winter temperatures caused by a strong El Nino pushed total U.S. heating degree days (HDD) to their lowest point in at least the last eight years. Fewer cold days meant …
Range Resources to Benefit from Mariner East 1 Startup
Range expects annual uplift of $90 million in net cash flow once all three pipelines are online
Range Resources (ticker: RRC) has always prided itself on optionality and takeaway capacity, and the commissioning of the Mariner East 1 pipeline is …
U.S. Propane Inventories Reach All-Time High
Seasonal builds began six weeks early in 2015
U.S. inventories of propane and propylene reached 97.7 million barrels as of September 11, the highest level in the 22 years that the Energy Information Administration (EIA) has collected weekly propane inventory …
