Coradino: Ethane Plant Good for PREIT Mall

MONACA, PA—Pennsylvania Real Estate Investment Trust says Shell Chemical’s acquisition of a 1,000-acre former zinc smelter in Beaver County, PA, is a positive development for PREIT’s Beaver Valley Mall. Shell is planning an ethane cracker plant on the smelter site.

“We are encouraged by the progress being made toward the proposed new cracker plant.  This transaction creates tremendous opportunity for Beaver Valley Mall and sets the stage to completely revitalize the trade area,” says Joseph F. Coradino, PREIT CEO. “As plans move forward, the construction of this multibillion dollar facility will create significant economic activity and new jobs and produce nearly $5 billion in chemical output, making Monaca a critical piece of the manufacturing and industrial activity in the region.”