The complex, which is expected to open in 2021 or 2022, is part of a larger planned buildout of plastics capacity in the Ohio River Valley and the U. [...] Although the report has been cited widely by government, corporate, business associations and media, only the executive summary has been publicly released.2 IHS Markit withheld the full March 2018 report from IEEFA on the grounds that it only released the full study to entities with a commercial interest.3 The IHS Markit executive summary identifies the construction cost for the ‘ethylene/plastics. [...] The Shell complex and a number of other prospective infrastructure projects are an attempt to capitalize strategically on the location of the shale plays (inexpensive feedstock) and proximity to the network of petrochemical businesses in the region (lower transport costs).26 The objective is to transform the ORV from a business cluster to a petrochemical hub similar to the Mont Belvieu hub that se. [...] With the onset of the coronavirus and severe decline of oil prices and natural gas prices, the The reduction in the company has announced a cutback in both number of Shell employees capex and dividend payments in 2020.37 in North America illustrates The company has written off more than enterprise-wide decline. [...] Shell has stated the plant is on schedule to open in the early 2020s.52 The complex will face significant financial risks as it completes construction and enters the market.
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