More natural gas — a key plastic resin precursor — is expected to flow from Ohio.
Natural gas from the Utica and other numerous shale-based fields throughout North America have prompted major resin makers to announce expansion projects for the first time in more than a decade. Most of these projects will be on the U.S. Gulf Coast, but some have been proposed for Pennsylvania, West Virginia or Ohio.
Shale industry experts reviewed the market’s prospects at Crain’s Shale Summit 2014, an event hosted by Crain’s Cleveland Business, Feb. 20 in Mayfield Heights, Ohio. CCB is a sister publication of Plastics News.
“There’s a lot going on with oil and gas in the state of Ohio,” said Tom Stewart, executive vice president of the Ohio Oil & Gas Association, a trade group based in Columbus. “Five years ago, no one was talking about it. But now shale is looked at as the resource rock that feeds oil and gas.”
Eastern Ohio is part of the Utica Shale region, which also covers parts of Pennsylvania, New York and West Virginia. Stewart — a third-generation oil driller — pointed out that Ohio has been producing oil and gas for more than 150 years, even though it’s not widely thought of as an oil and gas state.
Read more: http://www.plasticsnews.com/article/20140224/NEWS/140229974/shale-gas-is-continuing-to-grow-along-with-new-resin-projects