IHS Chemical Week

People & Business :: Energy and Feedstocks

Government report: Building UK's shale industry could create $55-billion supply chain

11:55 AM MDT | April 25, 2014 | Ian Young

Establishing a shale gas industry in the United Kingdom would provide a huge boost to the UK economy, according to an official report, published today. Shale gas could create an onshore supply chain market for equipment, services, and skills across a number of industry sectors worth up to £33 billion ($55 billion) by 2032, creating more than 64,000 jobs at peak employment, says the report, prepared by EY (London) and published by trade body United Kingdom Onshore Operators Group (London). The UK government's Department for Business, Innovation, and Skills...

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