New Multi-billion dollar petrochemical Plant to be built in SW PA.

[JPZenger]

A multi-billion dollar petrochemical plant is to be built on an old industrial site in Beaver County in SW PA.

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http://stateimpact.npr.org/pennsylvania/2012/03/15/sources-shells-ethane-cracker-will-be-built-in-pennsylvania/

Excerpts:

"Shell is going to build its multi-billion dol­lar ethylene cracker in Penn­syl­va­nia, accord­ing to sources within the nat­ural gas indus­try and Penn­syl­va­nia polit­i­cal circles.

Ethane crack­ers con­vert nat­ural gas into eth­yl­ene, which is used in plas­tics prod­ucts. The large-scale facil­ity is still years away from real­ity, but will likely gen­er­ate thou­sands of jobs.

The Cor­bett Admin­is­tra­tion took a much more low-key approach, reveal­ing scant pub­lic details about Pennsylvania’s bid for the facil­ity. Act 13, signed into law last month, did direct five per­cent of impact fee rev­enue toward “infra­struc­ture projects related to the nat­ural gas indus­try.” Another new act expanded “Key­stone Oppor­tu­nity Zone” tax breaks to cre­ate fif­teen years-worth of tax breaks for com­pa­nies that invest at least $1 bil­lion in new Pennsylvania-based projects."
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So people were concerned that PA. passed a natural gas fee that was much lower than the fees/taxes in other states with a natural gas industry. Now, it turns out 5% of that revenue will be diverted to this plant.

[Cirque du So-What]

1. Dammit to hell anyway!

Corbett is unrelenting in his quest to give away every fucking asset in the Commonwealth of Pennsylvania.