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.
{mosads}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.
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