Gov. Tom Wolf and the Team Pennsylvania Foundation have released a report from a comprehensive study conducted by IHS Markit. The study, “Prospects to Enhance Pennsylvania’s Opportunities in Petrochemical Manufacturing,” forecasts $2.7 billion-$3.7 billion in investments in natural gas liquid (NGL) assets, as well as the opportunity to attract additional cracker plants and petrochemical and plastics manufacturing.
According to the study, natural gas from the Marcellus and Utica shale reserves accounted for a quarter of all natural gas produced in the U.S. in 2015, and is expected to account for more than 40 percent by 2030. Additionally, 40 percent of the natural gas produced is rich in NGLs, more than 70 percent of which is ethane and propane.
For more information, visit http:// dced.pa.gov or call (717) 783-1116.
