French company to invest $2 billion in addition to Port Arthur facility
French energy giant Total is planning to build a new, $2 billion steam cracker in Port Arthur to produce up to 2.2 million pounds of ethylene a year.This is another example of how the shale boom is bringing manufacturing jobs back to the US. At this point there is no alternative energy sources for the output of petrochemical companies like this. The anti energy left has not even bothered to offer an alternative, but they still try to kill the industry and the jobs.
Total contracted with The Woodlands-based CB&I for front-end engineering and design for a second cracking unit at the Paris-based company’s existing Port Arthur campus. A final decision on the project is expected next year and the project would be completed in 2019, Total announced Wednesday.
Ethylene is the primary building block of most plastics; the growth of petrochemical projects in southern Texas is surging thanks to the influx of cheap natural gas from U.S. shale that serves as the feedstock to help make chemicals and plastics.
In response to that natural gas glut, Total Refining and Chemicals President Philippe Sauquet said the company is working to strengthen its global petrochemicals and refining presence.
“In the United States, we want to capitalize on the shale gas revolution during which gas prices have plunged 66 percent,” Sauquet said in a prepared statement. “In such an environment, the advantage to investing in petrochemical activities is access to a plentiful, inexpensive feedstock and to low-cost energy for our plants.”