Ohio: The Center of American Energy Transformation
Low-cost feedstock, unrivaled proximity to markets, and over $90 billion in investment places Ohio among America’s energy leaders.
Ohio’s shale formations, which contain large amounts of natural gas, natural gas liquids, and crude oils, account for 85 percent of U.S. shale gas production growth since 2011.
Combined with a deregulated energy market and the state’s proximity to end markets, these plentiful feedstocks make Ohio the best option for midstream and downstream investment.
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Ohio’s Energy & Chemicals landscape continues to grow.
Study says Ohio is poised to lead hydrogen economy
A comprehensive study commissioned by JobsOhio and the Stark Area Regional Transit Authority (SARTA) asserts that Ohio is positioned to become a leader in the clean hydrogen-fueled, zero-emission economy of the 21st Century. Developing a Hydrogen Economy in Ohio: Challenges and Opportunities validates Ohio as a prime location for a Clean Hydrogen Hub, as defined by the United States Department of Energy (DOE). The study conducted at the Levin College of Urban Affairs at Cleveland State University also explores some of the existing and potential hydrogen end users along with opportunities for growth.
The Energy Landscape in Ohio:
A recent study from IHS Markit estimates that by 2040, nearly half of all U.S. natural gas production will come from the Ohio Valley.
Producers in Ohio can take advantage of a rapidly growing energy industry that has attracted over $90 billion in investments along the entire value chain, including upstream and midstream developments that have resulted in downstream expansion and new construction.
Ohio resides within a day’s drive of 50 percent of America’s high-demand markets and 70 percent of polyethylene demand.
Not only is Ohio close to end markets, but it is also far removed from the damaging and costly effects of repeated storms and dramatic flooding.
We have an efficient start-to-finish process including a swift permit issuance by the Ohio EPA within 180 days of receipt of a completed application as required by law
National and Global Infrastructure
An integrated transportation infrastructure provides seamless national and global access
Deregulated Power Market
Low-cost energy, a robust electrical grid, and a deregulated power market allows for unique and customized plans
Significant advantages for downstream producers
A report commissioned by Ohio Valley energy advocate Shale Crescent USA from IHS Markit evaluated and compared the hypothetical returns of major petrochemical and plastics investments made in both Ohio and the Gulf region of the U.S. The result? Ohio comes up with a big win. Low-cost, locally produced supplies of NGLs like ethane bring down ethylene and polyethylene manufacturing costs.
Ohio Helps AMG Vanadium Remain the Global Leader
AMG Vanadium, the global leader in the resid spent catalyst recycling and metal reclamation industry, and the largest ferrovanadium producer in North America, is building a second facility in Ohio in order to expand and respond to growing demand from the global refining and steel industries.
JobsOhio Partners on Key Pipeline Expansion
A new $86 million natural gas pipeline supplying northeast Ohio could catalyze increased economic development and business in the region.