Axiall Corporation is building a cracker plant in Louisiana.  It’s expected to open for business in 2019, so sometime between three and four years from now.  That is, of course, if there are no construction delays or Hurricane Katrinas or any other such thing.  This is great news!  The cracker plant will process natural gas from the Marcellus/Utica plays

While we would prefer to see the cracker plant in Parkersburg, WV get built (and we now wonder why it’s not, seeing as how one can get funded and built over a thousand miles away from the Marcellus/Utica Play) we are excited that there will be a destination for ethane gas.

Of course, we badly need some pipelines heading out of this area.  Gas is trading a $0.59/MCF at Dominion South today.  That’s $1.30 less than the Henry Hub.