TransCanada confirmed the vast majority of the pipe for Keystone XL would be manufactured in North America. In addition, the company intends to purchase approximately 90 per cent of all other goods for the $7.6 billion project from companies on the continent.No comment.
"Seventy-five per cent of the pipe used to build Keystone XL in the U.S. would come from North American mills, including half made by U.S. workers in Arkansas," said Alex Pourbaix, TransCanada's president, Energy and Oil Pipelines. "In addition, we have already sourced goods for the pipeline valued at approximately $800 million from U.S. manufacturers."
Pourbaix points out that the American Iron and Steel Institute recently sent a letter to the U.S House of Representatives and Senate stating its support of Keystone XL, describing it as vital to the national economic recovery. The Institute's member companies represent 80 per cent of both U.S. and North American steel capacity.
We estimate 821,000 tons of high strength line pipe will be used on the project in Canada and the U.S. TransCanada has estimated it will use 660,000 tons of steel for the U.S. portion of the Keystone XL pipeline.
Tuesday, February 21, 2012
Keystone XL: 75 Percent of Material To Be US-Made
Again, it is unbelievable that the US killed this project. Link to PennEnergy article here.
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All from this administration that says it is so concerned about jobs and economic development. B as in B. S as in S.
ReplyDeleteThe big flaw by Trans Canada is they didn't play the crony capitalism game with the Obama administration. They need to take classes from Warren Buffett on how that is done.
It is amazing how ideology can be so blind.
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