Hope Returns to Oil and Gas Industry
From The Derrick Business Review Edition, February 19, 2021: Leaders see growth coming in the form of expanding petrochemical manufacturing
By ANDIE HANNON; Contributing writer
As 2021 emerges from the long shadow cast by its rocky, turbulent predecessor of 2020 — many in the oil and gas industry look hopefully towards the horizon well beyond Monaca in Beaver County as the massive Shell petrochemical plant being built along the banks of Ohio River enters its final stages of construction.
Some see the estimated $6 billion ethane cracker plant as the next potential boom for the region — especially for some of the nearly 200 plastics companies that call northwestern Pennsylvania home, as well as those that might find the region attractive for business…