PA Finally Joins the Cracker Plant Sweepstakes
It seems that Pennsylvania has finally woken up to the fact that Shell is about to decide where they will invest some $2 billion and generate thousands of new jobs by building an ethane cracker plant. One of three bills signed into law by PA Gov. Tom Corbett on Monday was a bill that,
…could deliver long-term tax breaks to a buyer of three Philadelphia-area oil refineries that are shutting down and a massive petrochemical refinery that may be built in southwestern Pennsylvania.
The latter bill is a centerpiece of Pennsylvania’s competitive pitch in a race against Ohio and West Virginia to persuade a subsidiary of Netherlands-based oil and gas giant Royal Dutch Shell PLC to build a petrochemical refinery in the Pittsburgh area, potentially meaning thousands of new jobs and millions of tax dollars for the state.*
That’s the sum total of what MDN can find out about the measure signed by Gov. Corbett. When we know more, we’ll update you with the details of the deal PA is offering to Shell.
*York (PA) Daily Record/AP (Feb 14, 2012) – Corbett signs 3 key energy-sector bills