a cnn global economic analyst and global business columnist and associate editor for the financial times. good to see you. you got quite the title. all right. well, for thanksgiving everybody wants a big mouthful from the great spread on the table but it s going to cost a whole lot more. what s to blame? is it the shipping problem? what s happening? well, if you think wabout it what goes into making a turkey that ends up on your table for thanksgiving? those turkeys need feed. there is fuel to run the processing plants. there is fertilizer that goes into the production of the feed for the turkey. there is a lot of things. and the labor costs, of course. all of those things have been going up really in the last couple of years. we re still grappling, frankly, with the effects of the war in ukraine, not just on raising fuel prices, which increases the price of everything pretty much because we all need energy to
Earlier this week, Shell announced its mighty ethane cracker plant in Beaver County, PA (near Pittsburgh) is finally, ten years after first announcing, fully operational and producing plastic pellets (see Shell Officially Launches Pa. Cracker Plant Using M-U Ethane). Part of the raison d'etre for granting the plant a $1.7 billion break on taxes for
Pennsylvania Gov. Tom Corbett officially launched his public relations effort yesterday to get the PA legislature to pass a package of tax credits for Shell to build an ethane cracker plant in the state. The package of tax credits will amount to $1.7 billion over a 25-year period (up to $66 million per year) and
Stop Press: Shell Chemical has selected a location in Beaver County, Pennsylvania to potentially build an ethane cracker plant. Shell announced yesterday afternoon that the company has signed a land option agreement with Horsehead Corporation to “evaluate a site” near Monaca, PA, which is about 35 miles northwest of Pittsburgh, along the Ohio River (see
It's been a looooong time coming. We've waited for this day for more than ten years. In March 2012, MDN told you that Shell had announced selecting a site in Pennsylvania as the future location for an ethane cracker plant (see Shell Announces Location of Ethane Cracker Plant). Ethane crackers use ethane (doh!) as their