Houston Matters

Houston Plant Expansions May Be Further Sign of ‘Permania’

A French energy company’s partnering with companies in Canada and Austria to build chemical and plastic plant expansions in Port Arthur and Bayport. It’s close to $2 billion dollars in investment, anticipating the opportunity to capitalize on more shale gas as a result of what’s increasingly being called “Permania,” the pursuit and production of natural […]

Petrobras’s Pasadena Refining System plant is near the Washburn Tunnel on the Houston Ship Channel. Image: Dave Fehling, Houston Public MediaA French energy company’s partnering with companies in Canada and Austria to build chemical and plastic plant expansions in Port Arthur and Bayport. It’s close to $2 billion dollars in investment, anticipating the opportunity to capitalize on more shale gas as a result of what’s increasingly being called “Permania,” the pursuit and production of natural gas in the Permian Basin in West Texas and Eastern New Mexico.

Similar projects are being completed along the Texas Gulf Coast for Occidental Petroleum, Exxon Mobil, Chevron Phillips and Dow Chemical.

We discuss what this means for Greater Houston’s economy with Loren Steffy, author and writer-at-large for Texas Monthly and managing director for the communications firm 30 Point Strategies, and Travis Bubenik, News 88.7’s energy and environment reporter.

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