Monday, February 9, 2015

Sunoco Logistics to Invest $4.2 Billion in Marcus Hook


Philadelphia-based Econsult Solutions, Inc. today released an economic impact study that finds the Sunoco Logistics (NYSE: SXL) Mariner East projects are expected to add up to $4.2 billion to Pennsylvania’s economy, supporting more than 30,000 jobs during the construction period and approximately 300-400 permanent jobs. The study, commissioned by Sunoco Logistics, is designed to forecast the potential economic and fiscal impacts of its proposed Mariner East projects on the Commonwealth’s economy, including the development of a 50-mile pipeline that connects with an existing pipeline, construction of a new 350-mile pipeline, and the repurposing of its Marcus Hook Industrial Complex to store and process natural gas liquids (NGLs). SXL recently announced plans to invest approximately $3 billion in Pennsylvania for the Mariner East projects to transport NGLs from western Pennsylvania, West Virginia, and eastern Ohio to its Marcus Hook Industrial Complex – a former oil refinery – f
http://www.shaledirectories.com/blog/sunoco-logistics-invest-4-2-billion-marcus-hook/

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