American Chemistry Council promotes shale gas as key to renewing manufacturing
WASHINGTON — Officials from the American Chemistry Council (ACC) testified Wednesday at a Congressional field hearing in Fairmont, W.Va., to discuss the role that shale gas plays in the renewed growth of American manufacturing and the future transportation needs to support the continued expansion of natural gas production.
Owen Kean, senior director for energy policy at ACC, testified that abundant, affordable supplies of shale gas are helping to lower feedstock costs for the chemical industry and create thousands of manufacturing jobs across the nation, making the U.S. more competitive and energy secure.
"The shale gas found in the western Pennsylvania and West Virginia portions of the Marcellus shale contain some of the most ethane-rich shale gas deposits found anywhere in the country," Kean said. "Regulations and policies around natural gas production and infrastructure development will ultimately determine whether shale gas becomes the ''game changer'' everyone hopes for, generating economic growth and new jobs and revitalizing U.S. manufacturing."
ACC projects that a 25 percent boost in ethane supplies could generate 400,000 U.S. jobs, $132 billion in U.S. economic output and $4.4 billion in local, state and federal tax revenue every year.