Report makes good case for ethane storage hub in Appalachian Basin
Monday, December 17, 2018
The United States Department of Energy issued a report in November that concluded a potential ethane storage and distribution hub in the Appalachian Basin could be an asset to the country’s petrochemicals industry, according to The Youngstown Business Journal.
The report was prepared to allow Congress to examine the feasibility of having an ethane storage and distribution hub in the United States.
According to the study, ethane production across the Utica and Marcellus shale region is expected to reach 640,000 barrels per day by 2025, or 20 times higher than its output in 2013. By 2050, ethane production in the Utica and Marcellus is projected to hit 950,000 barrels daily.
Furthermore, a recent analysis by the U.S. Energy Information Administration shows that proven natural gas reserves in Ohio alone increased 24.5 percent between 2016 and 2017.
“The market is there, the access is there, the industry is here, and there will be more to come in the future because of these vast natural resources we have under our feet,” said Dan Alfaro, spokesman for Energy In Depth.
Learn more: The Youngstown Business Journal > DOE report backs Appalachian ethane storage hub
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