12142017Thu
Last updateThu, 14 Dec 2017 8pm

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Dow Planning $109 Million Expansion in Texas

“Dow Chemical has announced plans to expand a facility in Nederland, Texas. The complex is located on Twin City Highway — an area that local officials say was hit hard by Hurricane Harvey,” Chem.Info reports.

"Dow is looking at the possibility of modernizing its Beaumont works site, which would include a new control room and office building and new operating equipment associated with the production process," the company said in a statement. 


Chemical Activity Continues Solid Gains into 3rd Quarter

The American Chemistry Council’s Chemical Activity Barometer (CAB) notched another solid increase over October’s reading both on a three-month moving average (3MMA) basis and an unadjusted basis. The CAB was up 0.4% and 0.3%, respectively. The increases continued a bounce back from the effects of Hurricanes Harvey and Irma. Compared to a year earlier, the CAB is up 3.3% on a 3MMA basis, a pace that continues to suggest further gains in U.S. commercial and industrial activity into 2nd quarter 2018. 

Plans Scrapped for $14 Billion LNG Plant in Louisiana

Low oil prices and market volatility have caused Sasol to drop plans for an $11-14 billion plant in Mossville, LA “just outside of Lake Charles, to convert natural gas to liquid fuels and to pull out of Canadian shale,” the Associated Press reports.

“The company had announced in January that it was delaying final investment plans for the plant near Lake Charles because of a collapse in world oil prices.” 

Nebraska Approves Keystone XL Pipeline Route

By a vote of 3-2, the Nebraska Public Service Commission approved an order giving TransCanada the go ahead to build the Keystone XL Pipeline utilizing the proposed Mainline Alternative Route. This is one of three proposed routes included in the application filed by TransCanada Keystone Pipeline. L.P. for the Keystone XL Pipeline through Nebraska. The decision follows a more than nine-month long legal process.

"As a result of today's decision, we will conduct a careful review of the Public Service Commission's ruling while assessing how the decision would impact the cost and schedule of the project," said TransCanada president and CEO Russ Girling. 

Energy Outlook Shows a World in Transformation

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation.

Over the next 25 years, the world’s growing energy needs are met first by renewables and natural gas, as fast-declining costs turn solar power into the cheapest source of new electricity generation. Global energy demand is 30% higher by 2040 – but still half as much as it would have been without efficiency improvements. The boom years for coal are over — in the absence of large-scale carbon capture, utilization and storage — and rising oil demand slows down but is not reversed before 2040 even as electric-car sales rise steeply. 

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