First Refinery in Years to be Built in Texas

Discussion in 'Energy' started by longknife, Apr 20, 2017.

  1. longknife
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    longknife Platinum Member

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    Think it might have something to do with the Trump Administration’s effort to boost the renewable and petroleum industry?

    The proposed multibillion-dollar investment would include an ethane steam cracker capable of producing nearly 2 million tons of ethylene a year. If built, the project would create 600 full-time jobs, 3,500 indirect jobs and support thousands more jobs during the construction phase. It also is expected to generate more than $22 billion in economic output during the construction phase and more than $50 billion in economic output during the first six years of operations.

    The article is basically to complain how Louisiana laws and economic climate cause them to lost to Texas. Story @ South Texas to get America’s largest new refinery since ‘77
     
  2. Fenton Lum
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    Fenton Lum Gold Member

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    Who will pay for it? Why the unsubstantial people of course. Who will gain? Not them.
     
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  3. longknife
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    longknife Platinum Member

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    You didn't bother to read the OP did you?
     
  4. william the wie
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    william the wie Gold Member

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    good news but I suspect that this is more a change in foreign policy than environmental policy

    Russia is highly dependent on oil revenues

    So is Iran.

    China is putting off shore rigs in the South China Sea

    And North Korea is highly dependent on coal exports.

    At current prices making easy money in the energy market is an oxymoron
     
  5. TheOldSchool
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    TheOldSchool Diamond Member

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    Wow no refineries have been built in the U.S. in years?????

    Come on Longknife. At least try to be better than a Breitbart hack please.
     
  6. RGR
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    RGR VIP Member

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    I'm still waiting for Kemper to get up and running....now THAT would be worthy of a news blurb on new construction, trumpeted throughout a sub-forum in a blog forum..yes....such is the importance!
     
  7. BULLDOG
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    BULLDOG Platinum Member

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    There is some talk about an environmental study that might have been done a few years ago 5 miles down the road from the chosen site, but to date, Raven Petroleum has not provided any information about the environmental impact studies, economic feasibility reports, or permit application to the Texas Commission on Environmental Quality (TCEQ) to reference, leaving many unanswered questions.
    You'll see similar reports pop up about some new refinery or plant proposal, all the time, but so far, they seem to just disappear after accepting all the investor money available.
     
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  8. BULLDOG
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    BULLDOG Platinum Member

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    No new refineries have been built in quite a while. It's generally cheaper to expand existing facilities.
     

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