A real estate trust specializing in the ownership and management of retail shopping malls may have provided a clue to Royal Dutch Shell Plc’s plans for its proposed $4 billion ethane cracker in the Northeast region of the United States, according to the Midstreambusiness magazine.
Development of a local world-scale ethane cracker has been the Holy Grail for many operators, producers and legislators in the Marcellus and Utica shale regions. The belief from most of the supporters of this development is that it will lead to a major energy hub in the Northeast. While a great deal of production from the Appalachian Basin would still be moved to the Gulf Coast, a hub closer to the production center would be a major plus to local economies as well as improving netbacks.
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