Study: Shell cracker plant to contribute $3.7B to Pa. economy annually
Monday, July 19, 2021
Shell Chemical Appalachia’s cracker plant in Beaver County is expected to contribute $3.7 billion to Pennsylvania’s economy annually, according to a study prepared by Robert Morris University.
When the plant becomes operational, which is expected in 2022, the study estimates $132 million in direct labor income from the 600 jobs directly created by the plant and an increase of 11,197 jobs and $1 billion in total labor income when the direct, indirect and induced effects of the plant are considered.
Additionally, Tax revenue will be about $21 million a year in state income taxes and $7 million in local income taxes.
Of the total anticipated $3.7 billion in economic value a year, the study estimates the plant will contribute between $260 million and $846 million in economic activity in Beaver County and $3.3 billion a year for the 10-county region in Pennsylvania surrounding the Pittsburgh area.
Learn more: Pittsburgh Business Times > RMU study sees big economic boost from Shell’s Beaver County plant
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.