, a coalition of supportive business and labor groups that lauded the economic benefits it will bring.
“Gosh, we are so happy to be at the end of the road on Mariner after all these years,” Marshall S. McCrea, the co-chief executive of Energy Transfer, said Wednesday during the company’s quarterly earnings call with investment analysts. Without offering specific costs, McCrea acknowledged the project cost a lot of money, time, effort, and stress.
The company in 2018 also temporarily pressed into service a second, older 12-inch fuel pipeline in Chester and Delaware Counties to substitute for the delayed Mariner East completion, allowing Energy Transfer to meet contractual obligations to transport ethane, propane, and butane to Marcus Hook by the end of 2018.
In calls with investment analysts in the last five years, Energy Transfer has been circumspect about the capacity and cost of the Mariner East project, and did not respond last week to emailed questions about the project. Any discrepancy about the capacity may be significant to an investor who based a financial analysis of the project on wrong assumptions.
And thanks for highlighting that Mariner East is NOT about energy independence as industry shills have been trying to claim over and over again. It’s for export, primarily to produce more plastic junk….something the world needs less of not more.
Our communities put at risk of a catastrophic explosion for profits for a Texas corporation and a relative handful of jobs. That aside, it’s now 3+ months since they said “completed” but ME2X still not in operation. Why? And 360k barrels daily not 740k like they told investors?
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