IHS Chemical Week

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Industry Experts Laud Benefits of Marcellus Shale

1:32 PM MDT | May 11, 2011 | Lindsey Bewley

Development of natural gas liquids (NGL) from the Marcellus Shale play in the Northeast presents an enormous opportunity for petrochemical producers to remain competitive, experts told attendees at the 44th annual Pittsburgh Chemical Day, recently held in Pittsburgh. “As recently as 2005 the North America chemicals industry was struggling with dwindling supplies of feedstock, higher costs, and a market that was very sophisticated, but maturing. Domestic natural gas supplies were dwindling and imports were forecasted to be required to make up the...

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