By Jared Stonesifer: Posted Nov 15, 2017 at 5:00 PMUpdated Nov 15, 2017 at 5:08 PM
Shell Chemicals is in the process of paying for the acquisition of a piece of property that would serve as a buffer between the $6 billion ethane cracker plant in Potter Township and nearby industrial properties.
Jim Palmer, president of the Beaver County Corporation for Economic Development, said CED is acquiring about 54 acres that sit between the Shell site and the BASF and NOVA Chemicals properties.
The sale of the land, currently owned by the Lyondell Environmental Custodial Trust, is expected to close later this month. Palmer on Tuesday declined to disclose the sale price.
While Shell isn’t technically the buyer of the land, the company is underwriting the cost of CED acquiring the land. Under the agreement, CED will retain ownership but will sign a land covenant stating that no development of any kind can take place on the property. read more
Like this:
Like Loading...
This website and sisters
royaldutchshellplc.com,
shellnazihistory.com,
royaldutchshell.website,
johndonovan.website, and
shellnews.net,
are owned by
John Donovan. There is also a
Wikipedia segment.