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July 2016
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Shell Plans $4 Billion Ethane Cracker Plant in PA, To Benefit Northeast Ohio

 

The recent announcements that Royal Dutch Shell is planning a $4 billion ethane cracker in western Pennsylvania and PTTGC America is considering a location for a similar facility in southern Ohio each provide positive economic opportunities for not only their local communities but Ohio and our region as well.

 

Shell is planning to build an ethane cracker, the first major U.S. project of its type to be built outside of the Gulf Coast region in 20 years, in Beaver County, PA. Construction is anticipated to begin within 18 months and take several years to complete. When finished it will employ 600 people. The facility will produce polyethylene that is used by manufacturers in plastic products.

 

The term “ethane cracker” comes from the process of turning ethane into ethylene. Ethane, a natural gas liquid found in certain natural gas deposits including the Marcellus and Utica Shales, has to be heated to very high temperatures to “crack” or break apart ethane’s molecules to create ethylene. Once made into ethylene it is typically further transformed into different types of polyethylene pellets that are shipped to manufacturers.





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Republican National Convention Offers Opportunities to Highlight Region

 

Less than two weeks away, the Republican National Convention being held July 18-21 in Cleveland, is putting the spotlight on Northeast Ohio.

 

In addition to main Convention events, approximately 1,200 ancillary events are planned throughout the week at local venues and attractions. An estimated 50,000 visitors, including 15,000 media members, are expected to descend on the region offering an opportunity, politics aside, to highlight the benefits of living, working and playing in our hometown.  





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SelectUSA Investment Summit Opportunity to Grow International Business

 

Foreign direct investment (FDI) in Northeast Ohio continues to grow, with the most recent addition to this growth coming from Schaeffler, a German-based automotive manufacturer. They announced a $60 million expansion project at their Wooster location that will add 250 jobs when complete next year. As they and other international companies continue to make investments in our region, we are reaping the economic benefit.





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Guest Blog - Top Resources for Northeast Ohio Entrepreneurs

 

Local Entrepreneur Chris Hatala of Games Done Legit shares his top resources for Northeast Ohio entrepreneurs. His company builds interactive gaming experiences at weddings, school events, bar/bat mitzvahs and corporate functions. He shares his successes and challenges in establishing his business and some of the region’s resources that helped him along the way. Read on!

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Northeast Ohio Provides Measurable Business Cost Advantages

 

Companies located in Northeast Ohio enjoy a variety of advantages – among them, easy access to North American and European markets, and a highly skilled and educated workforce. The latest Plus Review from Team NEO explores the advantages associated with the cost of doing business here, such as labor, taxes, energy, rental space and construction. Read the report.

Did You Know Fact:


Ohio has the largest plastics and rubber talent pool in the U.S. with more than 56,000 employees; 50% of which are in Northeast Ohio.

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