Finally some good news in this otherwise crummy time of uncertainty!
The Pennsylvania Manufacturers’ Association released an economic impact study, analyzing the prospect of two natural gas synthesis plants located in northeast Pennsylvania.
Here are some of the comments from PMA announcing the study:
“Based on the results, it’s clear that these projects would be transformative to northeast Pennsylvania, and the commonwealth as a whole,” said David N. Taylor, President & CEO of the Pennsylvania Manufacturers’ Association. “Entire economies are centered around this type of economic activity and will sustain regions for generations to come. Attracting and retaining natural gas synthesis manufacturing ought to be a priority of policymakers at the state and federal level to ensure this prosperity occurs in our commonwealth as opposed to a competitor state.”
Pennsylvania’s energy opportunity continues to drive innovation and revitalize economies in the areas of the commonwealth that often need it the most. In Beaver County, Pennsylvania, the largest construction site in North America is underway, supporting 6,500 construction jobs and the manufacturing plant being built will sustain more than 600 manufacturing jobs. The “Pennsylvania Resource Manufacturing Tax Credit,” passed by the Corbett Administration in 2012 was the catalyst for this project to locate in Pennsylvania rather than one of our competitor states.
his same opportunity exists in a slightly different form in northeast Pennsylvania. The possibility of one natural gas synthesis plant locating in Pennsylvania would be a major economic driver, but the fact that there are two projects being explored in different counties would be transformative to the commonwealth’s economy. In this part of the Marcellus formation, the gas is “dry,” meaning it’s almost exclusively methane. Methane is used in natural gas synthesis manufacturing plants to create hydrogen and nitrogen in the form of ammonia and urea, and methanol. These products are themselves manufactured goods, but they are also the feedstock for many other manufacturing processes and products, sustaining agriculture, transportation, and chemical manufacturing industry clusters.
Link to announcement:
Link to Executive Summary :
Link to Media Kit: