An Ohio ethane storage project could “generate up to 100,000 jobs and $36 billion in investment” in the petrochemical industry in Ohio, West Virginia and Pennsylvania, Columbus Business First reports. An IHS Markit report released last year “showed the potential for at least four more” ethane cracker plants “based on the supply of natural gas liquids in the Marcellus and Utica shales,” but that would necessitate “large-scale storage of ethane” and other byproducts of natural gas production, according to the article. Mountaineer NGL Storage “recently completed a 6,800-foot test well in Monroe County, Ohio,” a “$20 million investment” demonstrating the possibility of creating a large-scale hub for the tri-state region. Mountaineer NGL president David Hooker said the company plans to “develop this facility based on market need, and as the market continues to develop, we will continue to expand . . . and hopefully we can be that storage hub.” For more, read the full article.
