Today Shell Oil Co. has announced that they will build a major multi-billion-dollar petrochemical refinery near Pittsburgh, PA which will provide jobs and a boost to the local economy. The site is in Monaca which is about 35 miles northwest of Pittsburgh.
The plant is going to be an ethylene cracker plant which converts natural gas liquids into other chemicals which can be used to manufacture products such as tires or antifreeze. Shell plans to invest several billion in the construction of the facility which will create jobs during its construction and operation. This is positive news for manufacturers as more and more companies are investing in natural gas and shale revolution taking place.
A study released late last by PwC and the NAM estimated that the continued development of shale gas could create up to one million manufacturing jobs in the United States by 2025. Investments such as is a great example of the tremendous benefits of shale gas to manufacturers and job creation.
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