Senate Hearing on Natural Gas Reveals Divisions in the Manufacturing Sector
By Molly Ryan
At a U.S. Senate Committee on Energy & Natural Resources hearing Tuesday, manufacturers opened up about their severe differences on natural gas policy.
In a prepared testimony, Andrew Liveris, CEO and chairman of Michigan-based Dow, which has major operations in Houston, stressed his company’s belief that there should be a “rules-based system of free trade” when it comes to exporting natural gas.
“The way we see it, America needs to choose a more prudent, responsible, balanced approach — a natural gas policy that encourages both rules-based international exports and domestic investment,” he said.
Dow, along with many other chemical manufacturers that use natural gas as feedstock in chemical production, fear unlimited natural gas exports will significantly increase the price of natural gas. If prices rise, these manufacturers may not be able to continue to invest in new facilities, such as those planned along the Gulf Coast, and may have to move some manufacturing operations overseas.
By posting your comment, you agree to abide by our Posting rules