Billions Invested in Utica Shale, and More Development Keeps on Coming
|Now that's big money -|
being invested in Utica shale
Yesterday, Appalachian Resins announced that it will build a $1 billion facility in Monroe County that will be able to process approximately 18,000 barrels per day of ethane into ethylene and polyethylene, the feedstock for plastic and many other items we use in our daily lives. The facility is expected to begin operating in early 2019 and will produce 600 million pounds of ethylene/polyethylene per a year. This new feedstock has the potential to reinvigorate the manufacturing sector in the region, which will, in turn, increase investment and jobs in the Ohio Valley.
In addition to the Appalachian Resins announcement, Columbia Pipeline Group also announcedits plans to invest $1.75 billion in a 160-mile pipeline in Ohio and West Virginia to support shale development in Pennsylvania, West Virginia and Ohio. The pipeline will be capable of transporting 1.5 billion cubic feet of natural gas per day to markets in the Midwest and Gulf Coast.
Last but not least, EnLink Midstream LLC is investing $250 million in new pipeline and processing facilities in eastern Ohio. It is planning to build a 45-mile pipeline that will transport condensate coming from the liquid-rich portion of the Utica Shale and connect to existing 200 miles of pipeline in eastern Ohio and West Virginia. The processing facilities, located in Belmont, Noble and Guernsey Counties, will be able to process up to 560 million cubic feet of natural gas and 41,500 barrels of condensate per day.Click here to read the rest of this article.
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