Shell CEO Says PA Cracker Not Fully Online Until 2025/26, Cost $14B
Yesterday, Shell’s new CEO, Wael Sawan, spilled some major beans about the company’s ethane cracker in Monaca (Beaver County), Pennsylvania. Sawan’s comments about the cracker came during a quarterly conference call with analysts to discuss the company’s performance during the fourth quarter of 2023. Until yesterday, Shell had steadfastly declined to disclose how much money it spent to build the Monaca ethane cracker facility. Sawan said yesterday the number was a massive $14 billion, far more than the estimated $6-$10 billion that had been bandied about for years.
Read More “Shell CEO Says PA Cracker Not Fully Online Until 2025/26, Cost $14B”