Marcellus Shale means big business for chemical industry

Date: October 10, 2011
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The most fiery, pro-Marcellus Shale of the presentations at the Energy Inc. conference so far came not from an energy company executive but from an advocate for the chemical industry.

The article was originally published on October 6 by the Pittsburgh Business Times.
The most fiery, pro-Marcellus Shale of the presentations at the Energy Inc. conference so far came not from an energy company executive but from an advocate for the chemical industry.
The natural gas extraction in the Marcellus Shale is an extremely valuable asset to petrochemical businesses, which can convert ethane into a feedstock for their manufacturing processes, said National Petrochemical & Refiners Association President Charles Drevna. So much so, he explained, manufacturers are consideringbuilding an ethane cracker in Pennsylvania, a $3.2 billion project that would boost petrochemical output in the state by $7.9 billion and mean $1.2 billion in wages to Pennsylvania workers.
Pennsylvania, however, is competing with West Virginia, Ohio and Texas for such a project, making this a critical time for the region.
“Whoever is going to build a cracker, they are going to go where the best deal is,” Drevna said.
(Drevna isn’t alone in spreading the petrochemical message. For example, American Chemistry Council President and CEO Cal Dooley spoke to the issue at an economic summit in Ohio last month.)
Drevna, a western Pennsylvania native, made it clear he doesn\’t support subsidies or other incentives for businesses. Instead, he called on the region\’s energy industry supporters to continue to work for development of the Marcellus and to fight against “so-called environmentalists” who oppose the use of fossil fuels.
“For them,” he said, “not-in-my-backyard extends from California to New York and everything in between.”

Posted at Piora.org

Joe Price
Attorney Joe Price is a seasoned Trial Lawyer serving Northeast, Central and Southeast Pennsylvania for the past forty (40) years. He has handled serious personal injury cases in courts throughout the Federal system including New Jersey and New York. Attorney Price is A.V. Rated by Martindale Hubble. He is Board Certified in Civil Practice by the National Board of Trial Advocacy since 1996.