by Tom Gellrich TopLine Analytics
The Shale Revolution has led to the US Petrochemical revolution. With abundant and inexpensive Shale Gas driven raw materials and energy, the US has become the hot spot for petrochemical investments. The American Chemical Council has tracked in excess of $200 billion in announced investments. Two thirds of the investment is foreign direct investments. Full half of all US capital investment in manufacturing is in chemicals.
When you think of US petrochemicals, you think of the Gulf Coast. There is a new kid on the block – the Appalachian region. With robust and continuing to grow Shale Gas production out of the Marcellus and Utica, the region accounts for more than half of the US production.
The region is also a day’s drive from the population centers of the US that consume petrochemical products. That combination of sitting on top of the Marcellus and Utica and the population centers is unique. The advantage is avoiding the cost of transporting Shale Gas to the Gulf Coast and transporting the products back to region.
Appalachian Store Hub is in the center of it all – making it more attractive, lower risk and lower cost for petrochemical companies to invest in the region. Shell Chemical will presenting their view of why they invested in the region.
Find out more: 4rd Annual Appalachian Storage Conference
August 27, 2020
Hilton Garden Inn
Southpointe, Canonsburg, PA