Webinar: Petrochemical Buildout in the United States
Online – Think About Energy Briefing hosted its first webinar that focused on the Petrochemical Buildout in the United States. George Stark, Cabot Oil & Gas Corporation, moderated the discussion. Experts discussed the Petrochemical Industry and current opportunities within the Appalachian Basin. Panelists provided a historical overview of global development and outlined the opportunities before the Appalachian Basin to benefit from the economic growth surrounding the development of a hub in Northeast United States.
Tom Gellrich, President of TopLine Analytics, stressed how the Appalachian Basin can benefit as a result of the recent coronavirus. “The front line of defense is chemicals,” said Gellrich. Gellrich went on to highlight the numerous medical products that are helping to fight the virus. “Soap, hand sanitizers, disinfectants to medical PPE (personal protective equipment) are all products from the shale gas and chemical revolution.” Mr. Gellrich’s full presentation can be viewed online.
Greg Kozera is the Marketing & Sales Director for Shale Crescent USA. Shale Crescent is centered on the goal to deliver targeted messaging to high energy intensive industry decision makers of repeatable and validated technical analysis which demonstrate significant Shale Crescent USA economic and strategic advantages for their businesses. Embedded in the success formula is the goal to advance synergies with local, regional, and state economic development organizations. “We have a once in a lifetime opportunity,” said Kozera. “We should be manufacturing gloves and masks … and bringing the manufacturing of pharmaceuticals back here,” he said. Mr. Kozera’s presentation can be viewed online.
Highlighting a recent study completed by the Pennsylvania Manufacturers’ Association (PMA), Carl Marrara highlighted the potential economic impact in Northeast and Northcentral Pennsylvania. Mr. Marrara is Vice President of Government Affairs for PMA. “Once construction is complete, there would total 300 direct jobs, but those 300 direct jobs would spur 717 indirect and induced jobs,” said Marrara. Mr. Marrara went on to discuss House Bill 1100 which was recently vetoed by Pennsylvania Governor Wolf. This bill would provide tax credits for facilities to locate within Pennsylvania based on investment and job creation thresholds. West Virginia recently passed a similar bill in their legislative session. Mr. Marrara’s presentation is posted online.
For more on today’s Think About Energy Briefing and the briefing series’ history, visit www.thinkaboutbriefing.com.