|
| |
|
|
|
|
Shell Plans Major Expansion of Texas Gulf Coast Refinery
2099 Views ::
0 Comments :: :: Gulf Coast |
Shell Plans Major Expansion Of Texas Gulf Coast Refinery Royal Dutch Shell PLC plans to nearly double the size of an oil refinery it operates with a Saudi partner in Port Arthur on the Texas Gulf Coast, making it the biggest in the nation and one of the largest in the world.
More energy plant capital and people will be coming to the Bolivar Peninsula area. Energy Mecca’s Port Arthur and Beaumont are booming with over 20 billion dollars in new energy plants and expansions.
Royal Dutch Shell PLC plans to nearly double the size of an oil refinery it operates with a Saudi partner in Port Arthur on the Texas Gulf Coast, making it the biggest in the nation and one of the largest in the world.
Shell, one of the world's largest oil companies, said Friday its decision to expand the refinery will increase U.S. supplies of gasoline, diesel and jet fuel. Shell plans to boost the Port Arthur refinery's capacity to 600,000 barrels of crude oil per day by 2010 from the current 275,000 barrels per day.
Shell estimated that the expansion, the biggest in more than 30 years, would cost about $7 billion.
The Anglo-Dutch company operates the refinery with Saudi Refining Inc., a subsidiary of Saudi national oil company Saudi Aramco, in a venture called Motiva Enterprises LLC.
Major oil companies have canceled plans to build new refineries or greatly expand current ones for many years because of environmental opposition and because the profit margins on refining crude oil were too thin.
The Shell-Saudi expansion will occur at an existing plant, however, making it easier to obtain the necessary permits. Workers have already begun sinking pilings into the soil where major units will be built. -- Associated Press Also read about other energy plants going in the Beaumont Port Arthur area
Over 20 Billion dollars is coming to the northern end of the Texas coast, the Beaumont and Port Arthur areas. This kind of job creation and investment capital is one of the fundamental pre-cursors to real estate appreciation and sales.
"We have already had engineers from the new plants coming by the Audubon Village Oceanfront Resort in Gilchrist on the Bolivar Peninsula - looking for a beachfront home only 45 minutes from Port Arthur and away from the industrial setting" - says Mike Stuart, Crown Team Resorts Marketing |
|
|
|
|
| Comments | Currently, there are no comments. Be the first to post one! Click here to post a comment |
|
| |
|
|
| |
|
|