Economic Impact of Plastics-to-Oil Facilities in
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Posted On: 10/09/2014 10:27:36 AM
Economic Impact of Plastics-to-Oil
Facilities in the U.S.
American Chemistry Council
October 2014
Executive Summary
In its new report, Economic Impact of Plastics-to-Oil Facilities in the
U.S., the American Chemistry Council (ACC) explores the potential
impact that building plastics-to-oil (PTO) facilities in the U.S. could
have on economic output and job creation.
Through our analysis, we found that the U.S. could support as many
as 600 PTO facilities (depending on the production characteristics and size of the facility), generating up to:
? 38,900 jobs supported by new PTO operations.
o 8,800 would be directly employed by the facilities.
o An additional 17,200 jobs would be in supply chain industries that are related to the
plastics recovery industry and supporting the facilities.
o Another 12,900 payroll-induced jobs would be supported by the spending of the
earnings of workers in new PTO plants and throughout the supply chain.
? $2.1 billion in annual payrolls generated by PTO facilities.
? $6.6 billion in capital investment by the plastics-to-oil industry to build new facilities.
? $8.9 billion in U.S. economic output from PTO operations.
o $3.7 billion related to increased oil production.
o $5.2 billion in additional supplier and payroll-induced impacts.
? $18.0 billion of economic output during the investment phase.
http://plastics.americanchemistry.com/Stand-A...lities.pdf
link courtesy of seekingjustice2
4kids
Facilities in the U.S.
American Chemistry Council
October 2014
Executive Summary
In its new report, Economic Impact of Plastics-to-Oil Facilities in the
U.S., the American Chemistry Council (ACC) explores the potential
impact that building plastics-to-oil (PTO) facilities in the U.S. could
have on economic output and job creation.
Through our analysis, we found that the U.S. could support as many
as 600 PTO facilities (depending on the production characteristics and size of the facility), generating up to:
? 38,900 jobs supported by new PTO operations.
o 8,800 would be directly employed by the facilities.
o An additional 17,200 jobs would be in supply chain industries that are related to the
plastics recovery industry and supporting the facilities.
o Another 12,900 payroll-induced jobs would be supported by the spending of the
earnings of workers in new PTO plants and throughout the supply chain.
? $2.1 billion in annual payrolls generated by PTO facilities.
? $6.6 billion in capital investment by the plastics-to-oil industry to build new facilities.
? $8.9 billion in U.S. economic output from PTO operations.
o $3.7 billion related to increased oil production.
o $5.2 billion in additional supplier and payroll-induced impacts.
? $18.0 billion of economic output during the investment phase.
http://plastics.americanchemistry.com/Stand-A...lities.pdf
link courtesy of seekingjustice2
4kids
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