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Shell Granted Extension for Cracker Plant

The Pittsburgh Post-Gazette recently reported that Horsehead Corp. and Shell Chemical LP have extended their land option agreement for a third time, giving Shell more time to decide whether it will build an ethane cracker on the site of Horsehead’s Beaver County Pennsylvania smelter.  Unlike the previous two extensions, the expiration date of the third extension is confidential.  The third extension also includes a provision that Horsehead will soon begin demolition activities at the site and that Shell will cover the expenses.  Horsehead and Shell first entered into a land option agreement in March 2012.