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Petrochemical Boom Precipitates HDPE Plant Construction

Petrochemical Boom Precipitates HDPE Plant Construction

We have all noticed the considerable decrease in gasoline prices over the last few years.  According to the U.S. Department of Energy, the national average price of gasoline has fallen from $3.65 per gallon in 2012 to $2.45 in 2015.  Drivers have certainly appreciated paying less at the pump, but for those in tune with the workings of the oil and gas industry, the change in commodity price has brought about a drastic change in the business.  The upstream exploration business has seen a precipitous drop in activity resulting in extensive business cutbacks and layoffs, while the downstream refining and petrochemical plant are looking strong with increased margins.
Tuesday, September 20, 2016/Author: Marketscale/Number of views (84)/Comments (0)/ Article rating: No rating
Categories: IPP News


  • In 2016 IPP announced that they will be restarting the fiber manufacturing facility. This restart will have a huge positive impact on the Darlington & Florence areas in created at least 250 new jobs.
    — Darlington Development
  • The former Krikby Kodak Site in the UK at one time nearly 500 people. As part of the kodak bankruptcy all of those jobs were lost. IPP bought the site and created a flexible active industrial business park that today employees over 250 people, with and expected growth to add another 200 back to the workforce.
    — Tony Field.
  • IPP sold and relocated a 500 ton /day Nitric Acid Plant from Texas to India for us. This purchase enabled us to expand our capacity footprint by 100%, and significantly faster than sourcing a new plant.
    — A Global Fertilizer Company

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