U.S. Secretary of State John Kerry says western powers have not yet reached an accord with Iran that would have limited the Islamic Republic’s nuclear capabilities and most likely lifted economic sanctions that have kept Iranian oil out of many international markets for three years.
More than 30 refining expansions worth $14 billion total are under development across the United States as the industry hustles to take advantage of the oil glut, according to a new analysis by Petrochemical Update, which analyzes construction trends for the industry.
Enterprise said the new projects will bring the company’s polymer grade propylene distribution system to a total length of 587 miles and connect the system to more than 30 petrochemical facilities along the Gulf Coast.
The projects, which are roughly $750 million each, will triple the amount of power production at Exelon’s Colorado Bend Generating Station in Wharton, which is about 45 miles southwest of Houston. The second 1,000-megawatt expansion is for the Wolf Hollow Generating Station outside of Fort Worth.
Amid a four-year dry spell, more companies in California are looking to recycle their water or sell it to parched farms as the industry tries to get ahead of environmental lawsuits and new regulations.
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