Emission regulations require that companies planning new olefin crackers in EPA designated nonattainment areas like Houston must buy emission credits prior to construction. The market for credits in Houston for one criteria pollutant – volatile organic compounds (VOCs) skyrocketed from $4.5K/ton in 2011 to $300K/ton this month. The scarcity of emission credits and their rising price threaten to constrain or delay new petrochemical plant builds and will continue to hamper plant development and expansions in the Gulf Coast region. Today we describe the challenge new projects face.
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Petrochemicals
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RBN Consulting Services
We are a fundamentals analytics company that provides consulting and advisory services to the energy industry. We focus on the markets for natural gas, natural gas liquids and crude oil. Most of our consulting work deals with acquisitions/divestitures and strategy development.
Over the past year, RBN Energy has prepared and delivered a broad range of consulting engagements working primarily with companies engaged in trading, marketing or purchasing of energy commodities and the purchase/sale of energy related assets.
Descriptions of a relevant set from our more recent engagements can be found here.