With $64 Billion in Energy Investments, Ohio is a Leader in the Energy Industry
When you want to be a national leader in energy, you go to a place that leads the nation - that’s Ohio.
Ohio is home to much of the Utica and Marcellus shale plays, which have accounted for 85 percent of the U.S. shale gas production growth since the start of 2011. These shale plays contain large amounts of natural gas, natural gas liquids and crude oils. Ohio’s availability of these plentiful and low-cost feedstocks, combined with its proximity to end markets, make the state the best option for midstream and downstream investments.
In Ohio, you can:
- Take advantage of a rapidly growing energy industry that has attracted $64 billion in investments along the entire value chain, like upstream and midstream expansions that have resulted in downstream accessibility to instate feedstock.
- Benefit from an efficient start-to-finish construction process, thanks to state law that requires the Ohio EPA to issue permits within 180 days and a highly trained construction workforce known for completing projects swiftly, within budget and with minimal lost time.
- Prosper in a vibrant market consisting of multimodal transportation capabilities throughout the state that provide national and global access; a growing business population seeking low-cost energy; and a deregulated power market offering unique and customized plans as well as a robust electrical grid.
Many companies along the energy supply chain are located in Ohio, including Marathon, Columbia Gas of Ohio, DuPont, Chesapeake Energy, Oregon Clean Energy Center and PotashCorp. The shale formations are adding to Ohio’s proven place as an energy leader, but Ohio’s energy leadership doesn’t stop there, as it is No. 1 in polymer and plastics output and the No. 1 consumer of polyolefin in the Midwest. Now, with one cracker under construction in the tri-state region and others in development, Ohio is fast becoming a new regional ethylene market.
If you want to power the world, you need an environment with the right mix of resources to empower you. Look no further than Ohio.
Ohio’s Marcellus and Utica Shale Play
The mid-Ohio valley energy advantage is a result of a world class business opportunity with access to water with the Ohio River, low natural gas costs from the shale crescent, access to skilled talent, and great access to markets. These four elements power Ohio for the future in the energy sector.
Ohio’s natural gas industry has been the biggest driver of energy growth in the United States for the last four years, largely due to the Utica and Marcellus shale deposits in eastern Ohio. Cleveland State University’s Maxine Goodman Levin College of Urban Affairs put together the Shale Investment Dashboard in Ohio. This information documents the growing impact of Ohio in the national natural gas industry.
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.
Spray Products Corp. has acquired a facility in Medina to accommodate its rapid expansion. Local, regional and state partners came together to support the revitalization of a vacant Valspar spray facility, which is an ideal fit for Spray Products’ production needs.