Midwest shale formations are rewriting the time-honored economics in the petrochemical industry.
Wally Kandel, board member, Shale Crescent USA, senior vice president and site manager, Solvay Specialty Polymers USA
The oil and gas finds in the Marcellus and Utica shale formations located underneath Ohio, Pennsylvania and West Virginia have forever changed the outlook for petrochemical investment in the United States. Going forward, companies would do well to give this region, Shale Crescent USA, a close look before determining where in the United States to commit capital.
Ohio’s energy sector is growing mostly due to large deposits of shale. This brings about more investments from new companies. These investments not only have a direct impact on the companies and their employees, but also indirectly on jobs during construction as well as the economy of the local community. They also bring about potential new opportunities for further business investments.