ECONOMICS OF CRACKING/FRACKING

Institute for Energy Economics and Financial Analysis explains how fracking has been an economic "bust" and talks about "green" energy infrastructure economics.

A note from Concerned Ohio River Residents (CORR):

 

CORR asks this question- why is the Ohio Valley and the state of Ohio investing in a failing business model? Our leaders should be investing in renewable, sustainable technologies and industries and putting support towards small businesses, education, health care and agriculture- not this boom-bust industry that is not guaranteed to last. Not an industry that would harm way more people than it would benefit. Not an industry that send profits to overseas corporations. This is clearly an environmental justice issue. The Valley is struggling economically. Many people are desperate for jobs. This is not the answer.

JobsOhio, Ohio's economic development arm has granted over $70 million in site clean-up and prep. The plant is not even guarenteed to be built and/or last long. No one is sure how much longer the fracking industry will last. No one is sure what the world-wide demand for plastics will look like in the coming years. We need to be looking long-term at these things. It is an irresponsible decision to invest the Valley in this industry.

There are many forces currently at play that are working against PTT Global (in no specific order), such as the current economic slow-down, Mountaineer Storage Facility (where the ethane would be stored underground) losing its environmental permit, the tanking oil and gas industry, and the world-wide decrease in demand for plastic products. Read CORR's recent press release HERE for important economic/financial updates that work to our advantage.

Reports on how fracking is an economic bust:

Is shale development worth the costs? A CMU study says no.
Research finds shale gas jobs don't offset damage done

Please read this article about a study done by Carnegie Mellon University that showed that the economic development that came from fracking and cracking wasn't worth the costs of the damage done to the community.

ABOUT US >

The organization who manages this page and who is leading the efforts pertaining to protecting the Ohio River Valley from a petrochemical build-out is called Concerned Ohio River Residents(CORR). Click HERE to view our Facebook page. We are Ohio Valley citizens concerned about the extremely detrimental toll that the PTT Global ethane cracker plant will take on our health, air, water and future if it is built, and we are organizing an effort to stop it from coming to the beautiful Ohio Valley. This website is dedicated to informing the public about the proposed project and the plethora of negative effects that it will bring if built, as well as being a resource that provides anyone the tools and connections needed to get involved. We are supported by our partners who are other grassroots organizations (some national, some more local).

A petrochemical and refining company named PTT Global Chemical has proposed to build an ethane chemical "cracker" plant in Dilles Bottom, OH- about 5 miles south of Shadyside, OH and directly West across the Ohio River from Moundsville, WV. This is a Thailand-based company. Cracker plants essentially take ethane produced from fracked gas and turn it into plastic pellets that will then be shipped to other companies that will use them to create plastic products. Other products are created at these types of facilities as well, however the majority of the process will be for plastic creation at this plant if it is built. Please see the 'What is a Cracker Plant?' tab to learn more about the physical process. The Plant IS NOT a done deal yet. Local opposition is important at this time. Please see the "Get Involved" tab to explore other ways your voice can be heard. The Ohio Valley deserves better than this toxic industry. We deserve something sustainable and something that won't pollute our air and water more than it already is and something that won't turn into a bust after a few decades. We are standing in solidarity together and advocating for a better future for our region and our planet.

Send an email to info@pttgcamerica.com and express your personal concerns pertaining to the cracker plant directly to the company or click here to be directed to the company contact page.

The following non-profit organizations are partnering with CORR to carry out the mission:

FreshWater Accountability Project (based in Ohio)

Buckeye Environmental Network (based in Ohio)

Ohio Valley Environmental Coalition (based in WV)

 

 

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CONTACT >

T: 740-738-3124

E: ConcernedOhioRiverResidents@yahoo.com