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http://www.ongmarketplace.com/american-chemistry-council-report-185-billion-investment-linked-to-shale-gas/

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American Chemistry Council Report:  185 Billion Investment Linked to Shale Gas

The American Chemistry Council 9 (ACC) recently highlighted chemical investment economic benefits from shale gas in a December 2017 report.

New domestic supplies of affordable natural gas and natural gas liquids (NGLs) have resulted in significant economic benefits to the United States economy. This gas supply creates a competitive advantage for U.S. chemical manufacturers resulting in more investment and domestic jobs. As of December 2017, there were 317 projects valued at $185 billion announced, with 48 percent of the investment completed or under construction. A large percentage of this investment is targeted for chemistry and plastic product exports. Increased exports will improve America’s trade balance. Shale gas development has attracted foreign investors and the United States continues to increase market share in natural gas production.

ACC reviewed the 317 projects for economic impacts. Direct jobs from 2010 thru 2025 are projected at just under 70,000. The investments will lead to $26 billion in permanent new federal, state, and local tax revenue by 2025. According to ACC the Appalachian region has the potential to become a major petrochemicals and plastics manufacturing hub. Shale development including the Shell cracker plant currently under construction will generate new jobs, higher wages, and tax revenue for this region.

We know the new cracker facility in Beaver County (PA) will create a minimum of 6,000 construction jobs. And yes, there are proposals for more cracker facilities in the Appalachian region. ACC has been providing excellent research regarding the economic benefits of ethane cracker development for the chemical industry. For the petrochemical industry, ACC projects the following impacts for the quad state region of West Virginia, Pennsylvania, Ohio, and Kentucky:

• $36 billion in capital investment
• 101 thousand jobs created and supported
• $28 billion in economic expansion
• $2.9 Billion in annual tax revenues

ACC produced a report in May 2017 titled “The Potential Economic Benefits of an Appalachian Petrochemical Industry. This report highlights lower natural gas costs in the region and shale gas chemistry/manufacturing benefits. It suggests the Appalachian Region is an excellent location for a second major petrochemical manufacturing hub in the United States.

The region’s benefits are:
• Proximity to abundant NGL resources from the Marcellus/Utica and Rogersville shale formations
• Proximity to manufacturing markets
• Will strengthen U.S. economy with employment and energy supply
• Opportunity to enable high-value ethane use to create U.S. made products, while avoiding ethane rejection

To maximize the benefits of shale gas and reach the $185 billion investment our new energy infrastructure must be completed. As you hear about pipelines and facilities planned in your community, please show your support for these projects by contacting your elected officials.

For more information about the reports above please go to:
https://www.americanchemistry.com/

 

Robert Johnson
President, ADKL LLC
www.adkl.org

 

For additional information on how you can support the petrochemical industry
please contact me at rjohnson@adkl.org

 

Shell hosting Jobs Event about Cracker plant opportunities

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From the Pittsburgh Business Times:
https://www.bizjournals.com/pittsburgh/news/2017/10/05/shell-ccbc-to-host-events-about-cracker-plant-jobs.html

Shell, CCBC to host events about cracker plant jobs

Oct 5, 2017, 8:15am EDT
shell project

SHELL CHEMICAL APPALACHIA

Graham Hoff, Executive Vice President for Royal Dutch Shell’s global Chemicals business, at the site of the ethane cracker project in Potter Township, Beaver County. The company will host two career events in partnership with Community College of Beaver County.

The Community College of Beaver County will host two events next week in partnership with Shell to highlight jobs available at the $6 billion-dollar ethane cracker plant under construction in Potter Township.

On Oct. 12, a career forum called Shell Pennsylvania Chemicals Military Petrochemical Day will be held from 8 a.m. to 2 p.m. in room 9103 of CCBC’s Learning Resources Center. The event is open to former service members and will describe the cracker plant project, skills transferable to jobs there, the application process and educational scholarship opportunities.

The second event that day at 6 p.m. in the CCBC Dome is a free career expo, open to the public, designed to inform residents about all the current and emerging job opportunities.

Our goal for the expo is to educate attendees about the types of jobs our facility will provide so people can take necessary steps to prepare, said Shell spokesman Joe Minnitte.  This event will give residents facts about local training programs, types of jobs within our facility, and access to other employers in the region.

An estimated 6,000 workers from building and construction trades will be needed during the cracker plant’s construction phase, expected to last through the second half of 2021. Once operational, 600 permanent full-time jobs are expected to remain at the plant in career areas such as process technology, engineering and maintenance.

Veterans can register online for the Shell Pennsylvania Chemicals Military Petrochemical Day.

For the career expo, interested attendees are also encouraged to RSVP online.

Stacey Federoff
Digital Producer
Pittsburgh Business Times