Oil and natural gas industry groups in Ohio on Tuesday criticized Gov. John Kasich's proposal to raise taxes on hydraulic fracturing operations in the state. Chris Zeigler, executive director of the American Petroleum Institute Ohio, said, "There is never a good time to be the recipient of increased taxes, but for the oil and natural gas industry and supporting businesses, the results could be devastating." Shawn Bennett, executive vice president of the Ohio Oil and Gas Association, added that the proposal would only hinder "future recovery, growth and stability" in the industry.
Colorado Gov. John Hickenlooper has proposed legislation funding a study of hydraulic fracturing and other oil and gas operations, including their potential impact on air quality. The Colorado Oil & Gas Association hopes the study "will emphasize technical soundness, quality-assurance procedures and appropriate peer review," said association spokesman Doug Flanders.
Bayer MaterialScience's partnership with Germany's RWTH Aachen University is working on a carbon dioxide-based solution for building plastics. A pilot facility was completed last year, and commercialization is expected in 2015.
Ohio could add 17,000 chemical-industry workers to the 42,000 it has now if it can land a petrochemical plant, writes Jack Pounds of the Ohio Chemistry Technology Council, citing data from the American Chemistry Council. Also standing to benefit would be 2,500 plastics companies. "I hope Gov. John Kasich realizes the sensible development of the Buckeye State's shale gas resources represents a once in [a] lifetime economic opportunity for Ohioans to reverse decades of misfortune that have plagued our manufacturing industry, and opens the door for an economic renaissance in Ohio," Pounds writes.
Ohio should start to see the benefits of shale natural gas drilling this year, writes the editorial board of The Vindicator in Youngstown, Ohio. "There seems little doubt that the area's immediate prospects for improved prosperity are tied to the process of and the extraction of gas and oil from Utica or Marcellus shale," the board writes.