Michael L. Krancer
As the agenda at this year’s Northeast U.S. Petrochemical Construction Conference (June 19-20, Pittsburgh) will attest, there’s one thing that any new buildout of downstream petrochemical facility needs and that is an ample and reliable supply of upstream and midstream feedstock extraction and transportation. In the past supply was much easier to count on than it is today. Today’s new landscape of political opposition to hydrocarbons poses new risks that must be managed just like any other financial or enterprise risk. The opposition is committed to nothing short of destruction of the hydrocarbons business from the well-pad to the chemical plant to the consumer. Thus far, industry has underestimated this political risk and that is proving to be costly.
This article was originally published in the March 2017 edition of Petrochemical Update. Click here to read the article online.