Royal Dutch Shell is one of the largest and oldest energy companies in the world. Shell is active in drilling for natural gas in Pennsylvania’s Marcellus Shale formation, with a focus on Tioga County.
Shell is also considering building a gas processing plant, called an ethane cracker, in Beaver County. Governor Corbett is convinced the petrochemical plant would kick-start a chemical processing boom near Pittsburgh, and is pushing to grant the company a $1.65 billion tax credit, spread over 25 years, to help convince it to build in Pennsylvania.
Shell would already receive a 15-year exemption from state and local taxes at the site, due to legislation signed into law in February.