Abundant, affordable supplies of natural gas from shale was the clear blockbuster topic at this year’s IHS CERAWeek.
The annual gathering of industry thought leaders poised to tackle some of the world’s most pressing energy challenges introduced a new IHS study which found that natural gas supports 600,000 American jobs, with the incredible potential to support 1.6 million jobs by 2035.
Several chemical industry leaders offered their perspective on how best to utilize domestic shale gas to maximize our country’s energy security and support U.S. job and economic growth.
Celanese Corp. CFO Steven Sterin highlighted the chemical industry’s critical role in driving solutions to two of the country’s most pressing challenges: economic and job growth, and energy security.
Mark Lashier, executive vice president of Olefins and Polyolefins at Chevron Phillips Chemical Co., spoke to a need to integrate North American natural gas liquids and chemical investments, such as building ethylene cracker facilities in rural parts of the country.
Rex W. Tillerson, Chairman and CEO of Exxon Mobil Corporation, reaffirmed industry’s commitment to unlock new natural gas supplies “in a safe, secure, and environmentally responsible way,” while noting the importance of policy decisions and regulations on maximizing the “enormous economic benefits” of new energy supplies.
Royal Dutch Shell Chairman and CEO Peter Voser added that he expects the impact of domestic natural gas supplies on U.S. energy and economic competitiveness to continue along an upward trajectory in the years to come.
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