- Royal Dutch Shell (RDS.A -0.6%) wins unanimous approval from the town council of Potter, Pa., to proceed with construction of a ~$6B petrochemical project, Reuters reports.
- The facility will use low-cost ethane from shale gas producers in the Marcellus and Utica basins in Pennsylvania, Ohio and West Virginia to produce 1.6M metric tons/year of polyethylene for use in products from food packaging and containers to automotive components.
- Shell, which is still waiting for a permit from the state of Pennsylvania, hopes to begin construction sometime near the end of 2017, with a target in-service date early in the next decade.