Economic Impact | Industrywide Issues | Jobs | Pleasants County | Processing Plants | West Virginia | West Virginia Methanol
WV Announces New $350M Methanol Plant in Pleasants County
Some exciting news to share! A company called West Virginia Methanol Inc. has selected a site in Pleasants County, WV to develop to build a $350 million methanol plant. Methanol plants convert natural gas into methanol, used as a chemical feedstock (raw material) to create other things, like gasoline, antifreeze, plastic bottles–even LED and LCD screens. Methanol plants use a LOT of natural gas.
Read More “WV Announces New $350M Methanol Plant in Pleasants County”
Yesterday MDN told you of a new threat to LNG shipments from Louisiana with the grounding of a semi-submersible rig, blocking traffic coming from Cheniere Energy’s Sabine Pass LNG export terminal (see 
Rystad Energy, headquartered in Norway, is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry. Rystad’s latest emailed newsletter contains a forecast for North American shale oil and gas production and capital investments, with the focus on the key contributing shale plays (including the Marcellus and the Utica). It is a fascinating forecast that shows a big increase coming in both shale oil and shale gas production between now and 2030.
Pennsylvania is so lucky to have a group of talented state legislators in both the House and Senate. Last week a group of House Republicans introduced a group of new bills they have dubbed “Commonwealth’s COVID Comeback.” The bills are aimed at bringing more jobs to the Keystone State in the manufacturing and energy sector. One of the bills is squarely aimed at getting the foot-draggers at the Dept. of Environmental Protection (DEP) to approve permits faster.
Methane (CH4) is one of the most abundant, naturally-occurring organic compounds on Planet Earth. And yet loony leftists claim it’s a pollutant and killing the planet. Go figure. We’ve always been fans of using methane as a fuel substitute for gasoline. But let’s face it, storing it in high-pressure tanks (CNG) or liquefying it and storing it at minus 260 degrees (LNG), is not an ideal way to use it in moving vehicles. It’s not handy or easy and takes special tanks. Researchers may just have found a solution for that problem.
New polls arrive each day now to proclaim that Donald Trump is toast and sleepy/creepy Uncle Joe Biden is going to win big. New polls arrive just about every week to announce that Americans are suspicious of shale fracking and would, in a heartbeat, dump fossil fuels. Don’t believe either the political or fracking polls so-called mainstream media releases. Why? Because the polls themselves are constructed not to determine public opinion, but to shape it. Almost all polls today are push-polls.
OTHER U.S. REGIONS: The Permian gas glut is over at Waha; Natural gas saved Virginia families, manufacturers and businesses more than $14B over decade; NATIONAL: Study: renewable energy does nothing to reduce CO2 emissions; Oil industry turns to mergers and acquisitions to survive; INTERNATIONAL: Natural gas viewed more positively than other fossil fuels across 20 global publics; PetroChina predicts massive Chinese gas demand growth; US steps up sanctions pressure on Nord Stream 2 gas pipeline contractors.