August 22, 2012: update of three refinery projects in North Dakota (April 7, 2012).
August 22, 2012: In the Bakken; the Trenton Diesel Refinery; apparently on track (a PDF file); all permits; financing being arranged; construction to begin soon; to be completed late 2013;
It has to do with refineries, something I've only recently touched upon. It seems, all of a sudden, folks are interested in refineries: refineries closing on the East Coast; a new Saudi/Shell refinery at Port Arthur; and, now, this: Gulf Coast seeing a resurgence in interest in refining.
- cheap natural gas / surge in natural gas production is leading to a renaissance for the chemical refining industry in Texas
- a number of energy companies will reinvest in refining plants in the region
- Dow announced (April 19) plans for a new $1.7 billion natural gas refining plant at its Freeport facilities, Houston; just part of Dow's $4 billion investment plan for the region
- others, including Royal Dutch Shell, COP, will invest $8.7 billion in the region