(WATCH) Word on the “Stream:” Shell’s $6B Investment is “Just the Beginning”

by on October 27, 2017

You may have heard about the region’s energy assets. Without a doubt, the abundance of natural gas speaks volumes to the potential of our region. And the data is there to back up that statement:  nearly 4,000 active wells are producing about 2 trillion cubic feet of gas each year. Such activity has generated more than $10 billion in natural gas infrastructure and has increased employment by 119% since 2005. In fact, with Shell Chemicals’ $6 billion ethane cracker plant investment in Beaver County, it’s “just the beginning,” says former Allegheny Conference CEO Dennis Yablonsky.

During a recent interview with The Stream, Bravo Group’s digital publication focused on the Marcellus and Utica shale plays, Yablonsky talks how Shell’s confidence in the region’s workforce, its market proximity and availability of feedstock has worked to our advantage and is creating a unprecedented opportunity for manufacturing resurgence. He shares his thoughts on what could be on the horizon because of Shell’s investment.  This game-changer is driving economic activity, such as billions of dollars in capital investments for storage and separation facilities – and laying the groundwork for how the region can continue to work together to attract midstream and downstream natural gas investments.

Watch his video interview, live on The Stream.

Learn more about why the Pittsburgh region is a location of choice for downstream development opportunities