24 January 2012 23:35 [Source: ICIS news]
HOUSTON (ICIS)--Development of shale gas reserves in Michigan could create more than 19,000 permanent chemical jobs, the American Chemistry Council (ACC) said on Tuesday.
Michigan's chemical industry can benefit from shale gas development through its access to a pipeline delivering natural gas to Sarnia, Ontario in Canada from the Marcellus Shale reserves in the US, the ACC said.
Also, the state’s access to the Great Lakes and its proximity to the US industrial heartland can increase job development, the ACC said.
“Plentiful supplies of shale gas could result in a $3.2bn [€2.5bn] investment in a major chemical facility in the state, creating a ripple effect in Michigan's economy, starting with the downstream chemical industry and its suppliers and spreading to other manufacturers, including the automobile industry,” the ACC said.
($1 = €0.77)
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections