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Potential Economic Benefits of an Appalachian Petrochemical Industry

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Presentation on theme: "Potential Economic Benefits of an Appalachian Petrochemical Industry"— Presentation transcript:

1 Potential Economic Benefits of an Appalachian Petrochemical Industry
June 7, 2018 Appalachian Storage Hub Conference Canonsburg, PA Heather Rose-Glowacki Director, Chemical & Industry Dynamics

2 New Chemical Industry Investment in the U.S.

3 Geography of Shale-Advantaged Chemical Investment
Marcellus/ Utica Shales Rogersville Shale * Each blue dot represents one or more announced chemical industry investments Note: Shaded areas for shale formations are approximate.

4 Surging Ethane Supply from Marcellus and Utica Shales
Advantages for Appalachian Chemicals and Plastics Proximity to abundant NGL resources in Marcellus/Utica and Rogersville shales Proximity to manufacturing markets in Midwest, East Coast and Canada Opportunity to strengthen the U.S. economy by providing employment

5 Appalachian Region: A Manufacturing Hub
$36 billion in capital investment 5 ethane crackers 2 propane dehydrogenation units Derivatives (polyethylene, polypropylene) Plastics compounding, products $28 billion in new annual output $23bil chemicals, plastic resins $3bil plastics products

6 Economic Impact of New Chemical and Plastic Products Manufacturing
100,800 JOBS 25,664 Direct 43,042 Supply Chain 32,112 Payroll-Induced $6.2 billion PAYROLL $1.7 billion Direct $3.0 billion Supply Chain $1.5 billion Payroll-Induced $43 billion OUTPUT $28.5 billion Direct $10.0 billion Supply Chain $4.5 billion Payroll-Induced $2.9 billion TAX REVENUE $1.7 billion Federal $1.2 billion State/Local

7 Heather Rose-Glowacki
Director, Chemical & Industry Dynamics American Chemistry Council


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