Sunday, February 14, 2016

Can Marcellus gas fuel Philly-area industrial revival?

Read the full report here

Can Marcellus gas fuel Philly-area industrial revival?

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"The best hope for Sunoco's idled Marcus Hook refinery site is for it to be reborn as a multipurpose energy-processing facility, fueled by the growing output of natural gas from the Marcellus Shale drilling boom," according to a $100,000 Delaware County Industrial Development Authority-funded report by consultant IHS Global insight, writes my colleague Andrew Maykuth here.

Read the full 122-page report by IHS's Brendan O'Neil, Joseph Waldo and colleagues here. IHS is a Massachusetts-based economic forecasting company whose Essington, Delaware County office is negotiating a move to Center City Philadelphia.

UPDATE: IDA says the report was funded by "cash reserves" financed by agency fees, and not by taxes, as reported in an earlier edition of this item.

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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, 215.854.5194, @PhillyJoeD. Read his blog posts at http://www.philly.com/PhillyDeals and his Inquirer columns at http://www.philly.com/philly/columnists/joseph-distefano/. Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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