Shale Gas - A Potential Boon for the US Olefins Industry

Shale Gas - A Potential Boon for the US Olefins Industry

Summary

The supply sources for the natural gas industry in the US are set to shift from conventional sources to unconventional sources such as shale gas. Recently, huge stocks of shale gas have been discovered in the US shale formations. After the discovery of the viable and sustainable hydraulic fracturing technology and horizontal drilling method, there has been a boost in the potential natural gas reserves in the US. Shale gas is expected to have a huge impact on the US energy, transportation and petrochemical industries. It has many advantages, such as lower greenhouse gas emissions compared to coal and oil, and it is more economical as it is abundantly available. It will help the US economy by creating new job opportunities and reducing dependence on fuel rich countries. However, there are a few disadvantages with this new feedstock source such as environmental concerns, increase in water utilization, more land usage and initial high cost of exploration. However, after thorough scrutiny of all these factors, many US olefins manufacturers have made plans to make full use of this shale gas boon and many new olefins projects are being planned.

Scope

• Analyses the advantages of shale gas reserves in North America
• Details planned olefin projects in the US

Reasons to buy

• Understand advantages of abundant shale gas reserves in US
• Formulate strategies based on the latest changes in the industry