Shell, which decided to build the plant in 2016, has not provided a cost estimate for the facility. Analysts have estimated the project will cost $6 billion to $10 billion.
Households in lockdown ramped up purchases for cooking; petrochemical output has increased to make protective gear.
Demand for energy storage has soared as the COVID-19 pandemic crushed fuel demand, spurring oil producers and traders to fill storage facilities across the U.S.
An industry veteran says current commodity price shocks and the new coronavirus pandemic may change the fundamentals of the oil and gas sector.
The Thai chemical company said it chose the Ohio site for the proposed ethane cracker because it is located in the Marcellus and Utica shale region, the biggest U.S. natural gas shale formation.
Institute questions whether facility will deliver the promised economic impact.
MPLX LP said May 5 it is no longer pursuing a Permian Basin to Gulf Coast NGL pipeline, called BANGL, after a collapse in oil prices.