Range Resources is not waiting for a new multi-billion dollar cracker plant to be built in the Marcellus region to process the natural gas liquids they’re producing in the region. Instead, Range is going to send its natural gas liquids to Canada for cracking. Natural gas liquids contain ethane which can be processed or “cracked” [...]
NOVA Chemicals continues to seek out Marcellus ethane to feed its Ontario-based Corunna cracker chemical plant. In May of this year, NOVA penned an agreement with Range Resources to buy ethane (see this MDN article). Just yesterday, they signed a second agreement, this time with Statoil:
Range Resources, one of the largest drillers in the Marcellus Shale, will provide ethane to Canadian chemical company NOVA Chemicals. Methane is the primary compound that is “mined” during gas drilling, but ethane is also one of the compounds produced when drilling. And ethane is used by chemical companies as a “feedstock” or raw material [...]
Loading ...
