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Dow Chemical Company Testifies on Importance of Natural Gas to U.S. Manufacturers

WASHINGTON, D.C. (July 19, 2011) - George J. Biltz, Vice President of Energy and Climate Change at the Dow Chemical Company, testified before the Senate Committee on Energy and Natural Resources today regarding a new MIT report "The Future of Natural Gas."

American Chemistry Council (ACC) President and CEO  Cal Dooley issued the following statement:

"We share Mr. Biltz's view that growing domestic natural gas resources could be a 'game changer' for U.S. manufacturers," said Cal Dooley, President and CEO of the American Chemistry Council. "The MIT report confirms that America's improved natural gas supply outlook could have a 'transformative' impact on the U.S. economy, in part by helping to create a more competitive manufacturing sector.

"This is especially true for the domestic chemistry industry, which relies on natural gas to create ingredients for 96 percent of all U.S. manufactured goods. A  recent ACC study found that reasonable increases in ethane supply-a key raw material, or 'feedstock,' for the chemistry industry-would result in nearly 400,000 new jobs in the chemical sector and supplier industries, more than $132 billion in U.S. economic output and nearly $4.4 billion in local, state and federal taxes annually. That's a very bright future indeed.

"As Mr. Biltz noted, a cautionary note is in order. While shale gas offers could play a significant role in revitalizing American manufacturing, unreasonable policies would jeopardize that potential."

Learn more about  energy and shale gas .

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