Dow Chemical’s board has authorized the company to finalize the engineering plans and to begin purchasing equipment for a “world-scale” propylene plant near the company’s Freeport Complex in Texas. You can read more about why a new petrochemical plant makes sense in a recent article published here – Eagle Ford NGLs Adding to U.S. Supply Growth.
The announcement is a big step in what is really becoming a petrochemicals renaissance in our country. It was just a few years ago that industry experts thought there would never be another pet-chem plant built in the U.S., but that was before the shale plays really burst onto the scene. The Eagle Ford, along with many others, have changed the cost of doing business in our country. That’s a big win and this is why: [Read more…]