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Largest private equity project in ND history to aid in flare reduction goals

Badlands NGL along with Gov. Jack Dalrymple announced today that they are working together to develop and invest in a polyethylene manufacturing plant for the state. The company expects to invest around $4 billion to the project, making it the largest private equity project in North Dakota history. Polyethylene manufacturing plants convert ethane into polyethylene which is used to make plastics as well as other everyday products. Dalrymple says that the endeavor is ‘fully aligned’ with North Dakota’s flare reduction goals, as ethane is an unwanted by product of natural gas processing. Doug Goering, the state’s current agricultural commissioner said, “The role of the Industrial Commission in helping the Badlands’ project come together reflects the Commission’s mission to promote oil and gas production in a manner that prevents waste and protects the rights of mineral owners, ” Goering added, “when completed, this project by itself has the potential to reduce most of the flaring of natural gas in our state. That’s real progress and good news for North Dakota.”

Read the whole article at Prairie Business Mag.

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