Shell announced today that it has decided to build the cracker plant in Beaver County, PA. It’s long been expected as there has been a lot of preparatory work and a lot of land purchasing and deal making going on in the area. Shell has already spent millions of dollars on the project, making people (including yours truly) think that it was a sure thing. As this article points out, however, it’s not unheard of for a large company like Shell to spend hundreds of millions of dollars on a project before determining that the project is not going to work. Learn something new every day…
Now, let’s get one in West Virginia.