U.S. Ethane Exports Projected to Grow Through 2026
The U.S. Energy Information Administration (EIA) reports that ethane exports will expand sharply through 2026. Global demand for ethane as a petrochemical feedstock continues to climb, driven by production in Asia and Europe.
The EIA said the growth stems from new U.S. export capacity, larger shipping vessels, and an increasing number of international buyers. Analysts believe these expansions will strengthen the U.S. position as a top ethane supplier in the global market.
Solar Project Cancellation Sparks Bipartisan Confusion
The Trump administration’s decision to cancel the country’s largest planned solar project — Esmerelda 7 in Nevada — has created rare unity between Republicans and Democrats in questioning the move. The project would have delivered 6.2 gigawatts of energy, enough to power two million homes.
Critics warn the decision could slow renewable growth in the Southwest and disrupt jobs tied to large-scale solar manufacturing.
GM Takes $1.6 Billion Hit on EV Strategy Shift
General Motors announced a $1.6 billion charge tied to changes in its electric vehicle production plans after the administration reversed key EV incentives. The automaker will retool its production focus as the industry adjusts to shifting federal priorities.
California Electricity Rates Rise $17 Monthly
The California Public Utilities Commission approved a $17 average monthly rate hike, affecting millions of residents. The move sparked pushback from consumer groups, who say it will increase financial strain on households already facing high energy costs.
U.S. Industries Push Back on Exports
The Aluminum Association urged Congress to ban exports of used beverage cans to China, arguing the material should stay in the U.S. to strengthen domestic production for critical industries such as defense and aerospace.
Meanwhile, timber giants Rayonier and PotlatchDeltic announced a $7 billion all-stock merger, consolidating two of the country’s largest forest owners.
Global Energy Highlights
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Swedish firm Stegra plans to raise $1.1 billion for a new green steel facility in northern Sweden.
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China is exploring ways to convert coal plants into compact nuclear reactors, reusing existing grid infrastructure for faster energy transition.
