the pricing advantage of natural gas liquids as a petrochemical feedstock relative to oil will transform the petrochemical industry in the US and worldwide
Pittsburgh, PA (PRWEB) October 31, 2012
Steve Adelkoff, President of Renewable Manufacturing Gateway (RMG) and a Director and Chief Financial Officer of Aither Chemicals, LLC (an investee for RMG) presented his vision about game-changing solutions for the natural gas industry at the Hydraulic Fracturing, Natural Gas and the US Manufacturing Renaissance seminar, which was organized by Kelley Drye & Warren LLP on October 23 in Washington DC.
While America’s energy and manufacturing future is undergoing a game-changing shift driven by new access to the vast quantities of domestic natural gas, new business entities are re-building the US manufacturing legacy in the Marcellus and Utica Shale regions. These new businesses are enjoying a global sustainable competitive advantage, creating demand for industrial as well as construction products and services to produce high-value products. Most important to RMG’s mission, these activities are creating new job opportunities for unemployed and underemployed in economically blighted regions.
Mr. Adelkoff presented the region of Western Pennsylvania, Northern West Virginia and Eastern Ohio as an example of how the pricing advantage of natural gas liquids as a petrochemical feedstock relative to oil will transform the petrochemical industry in the US and worldwide. This sustainable competitive advantage will make the Tri-State Region (PA, OH, WV) a world-class center of petrochemical production. Mr. Adelkoff emphasized the importance of the support that RMG is providing to its clients (like Aither Chemicals) in strategic development, planning, project development and capital raising.
RMG is a Pittsburgh-based nonprofit organization whose mission is regional job creation in the clean technology, renewable and alternative energy industries. RMG advises companies in these industries with respect to project development, project finance, capital markets strategies and introductions, business planning, commercialization, marketing, sales and strategic growth. For more information please contact Ieva Abolina at iabolina(at)renewmfg(dot)org or by phone: (412) 567 1491, and visit http://www.renewmfg.org