Shell nixes plans for Gulf Coast plant

The Houston Chronicle reports Royal Dutch Shell announced on Thursday it will not build a massive gas-to-liquids plant for Louisiana.

The oil giant said poor economics for the project scuttled the plans. The plant would have cost more than $20 billion.

ADVERTISEMENT
It would have turned natural gas into diesel, jet fuel and other liquids.

The New York Times gives their take on Shell's decision here.

The move by Shell appears to be a blow to the company's ambitions in natural gas technology, the Times reported.

 

More in E2-Wire

Five threats to the EPA’s climate rule

Read more »