Energy Inc. Conference and Tradeshow Accelerates Discussion on Future of Marcellus & Utica Shale in the Tri-State Area
Southwestern Pennsylvania is poised to become a petrochemical and manufacturing world leader. Interest in how Marcellus & Utica Shale could transform Southwestern Pennsylvania into a chemical and manufacturing powerhouse was accelerated during the Energy Inc. Conference and Tradeshow, presented by Range Resources at the David L. Lawrence Convention Center in Pittsburgh, on Tuesday August 14th.
Speakers from the federal, state and local government, along with representatives from upstream, downstream and the energy supply chain, including Dr. Paul Ayoub, project manager for Shell’s new business development, and Charles McConnell, assistant secretary for fossil energy at the U.S. Department of Energy, spoke on the potential ethane cracker site in Beaver County, selected earlier this year as the preferred site being studied by Royal Dutch Shell. The cracker would operate using ethane produced from Shale gas drilling and produce more than a million tons of ethylene a year. This “game changing” discovery of natural gas in the Marcellus & Utica Shale is being seen as a catalyst for the rest of the chemical industry.
Among the reasons the potential petrochemical complex is being considered for development on the 300-acre brownfield site in Beaver County are road and rail transportation infrastructure, five electric plants that operate in the area and access to water resources, over and above the fact wet gas can be found underneath the area.
Patrick Sentner SIOR and David Thor LEED AP of Colliers International | Pittsburgh attended the Energy Inc. Conference and Tradeshow. “Our firm has been very active in the local and national energy sector,: said Patrick Sentner SIOR, Founding Principal at Colliers International | Pittsburgh, “and our enthusiasm in this business sector in the tri-state area was reinforced by what we learned at the conference.”