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Wednesday, October 21, 2015

Despite Downturn, Expert Says Ohio is Still Poised to Capitalize on Utica Shale Potential

From Crain's Cleveland Business:
Prices are down and have been for a while, drillers have dramatically slowed the rate at which they're drilling in Ohio and many energy companies invested in the Utica Shale have cut costs and laid off employees. 
But Ohio still has a great chance to not only continue to cash in on the Utica shale's natural gas, but also to capitalize on its ethane by building an ethylene processing and plastics industry around the shale play, says a national expert on the petrochemical industry. 
Tom Gellrich, a noted expert on ethane and the related chemical industry gave that upbeat message to an audience of about 150 people at the Utica III conference, held by the Canton Regional Chamber of Commerce on Oct. 13 at Kent State University's Stark County campus. 
Gellrich is one of the best experts to hear from when it comes to the ramifications of Ohio's ethane, said David Kaminski, vice president for public policy and energy for the Canton Chamber and the man most responsible for its Utica summits.
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