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Marcellus and Utica shale natural gas deposits throughout Appalachia have the potential to change the natural gas industry in North America, officials said today.
Representatives of Shale Crescent USA are at the World Petrochemical Conference this week in Houston, Texas. Shale Crescent USA has been involved with natural gas development efforts in West Virginia, Southeastern Ohio and Southwestern Pennsylvania and the Mid-Ohio Valley.
Shale Crescent USA, IHS Markit and Solvay spoke today in a telephone press conference about a report prepared by IHS that will be presented Wednesday at the conference as for industry executives.
“Benefits, Risks, and Estimated Project Cash Flows: Ethylene Project Located in the Shale Crescent USA versus the U.S. Gulf Coast” is a report by IHS Markit commissioned by Shale Crescent USA to evaluate and compare the financial returns and risks of a major petrochemical and plastics investment in the region with an identical investment in the U.S. Gulf Coast, which currently leads the world in petrochemical manufacturing expansion.
“The Marcellus and Utica shale plays are some of the largest natural gas resources in the world and underlay the Shale Crescent USA region of Ohio, Pennsylvania and West Virginia,” the introduction of the report stated. “IHS Markit forecasts that this region will supply 37 percent of the nation’s natural gas production by 2040.”
Read the story in The News and Sentinel on Wednesday.