Shell oil stands to gain two billion in tax incentives to build a 400-job plant near Pittsburgh

Shell Oil Co., a child of Royal Dutch Shell – the latter reportedly the largest oil company in Europe and second largest company in the world – is thinking about building an ethane cracker plant in Monaca Borough, Beaver County, 30-some miles northwest of Pittsburgh, Pa.

The proposed plant would be used to “crack” ethane from natural gas derived from wells drilled into the Marcellus Shale in the southwestern region of the state. The cracking process results in ethylene, used mostly in making plastics.

The plant will benefit from Act 16 of 2012,  a bill the Pa. General Assembly adopted to exempt the giant firm from paying state income and property taxes for 15 years. Continue reading