Driven by Demand, Demographics, Development (3Ds) - the world’s largest democracy is set to emerge as a global business and investment destination as it turns 75 by 2022.
Shell Chemical LP on March 15 signed a land option agreement with Horsehead Corporation to evaluate a site in western Pennsylvania for a potential $2-billion petrochemical complex. The complex would include an ethane cracker that would upgrade locally produced ethane from Marcellus Shale gas production. The site is located in Potter and Center Townships in Beaver County near Monaca, Pa.
. Most of the world’s rare earths are produced and hoarded in China, whose government uses the elements as a lure to global manufacturers. (Molycorp, situated near substantial deposits in Mountain Pass, Calif., is among the few exceptions). But a new project might help rare-earth consumers and miners get their groove on in North America.