24 January 2012 23:35 [Source: ICIS news]
HOUSTON (ICIS)--Development of shale gas reserves in Michigan could create more than 19,000 permanent chemical jobs, the American Chemistry Council (ACC) said on Tuesday.
Michigan's chemical industry can benefit from shale gas development through its access to a pipeline delivering natural gas to Sarnia, Ontario in Canada from the Marcellus Shale reserves in the US, the ACC said.
Also, the state’s access to the Great Lakes and its proximity to the US industrial heartland can increase job development, the ACC said.
“Plentiful supplies of shale gas could result in a $3.2bn [€2.5bn] investment in a major chemical facility in the state, creating a ripple effect in Michigan's economy, starting with the downstream chemical industry and its suppliers and spreading to other manufacturers, including the automobile industry,” the ACC said.
($1 = €0.77)
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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