The proposed across northern Ohio will boost the regional economy by a $300 million, according to an economic impact study released this week.
Backers say the prediction is likely to hold up because the pipeline鈥檚 content is insulated against the turmoil in the world鈥檚 oil and gas markets.
The company that owns Utopia East, , commissioned the economic analysis by
Kinder Morgan vice president of communication, Allen Fore, says that forecast will likely be realized because Utopia East has an anchor client -- a Canadian chemical company supplying the plastics industry.
鈥淵ou must have a long-term contract from a credit-worthy company, so that once you build this infrastructure there is going to be a shipper to utilize that. And there鈥檚 not going to be a downturn the need for plastics. Plastics are becoming more and more prevalent in society.鈥�
Fore says the Utopia East project is on schedule to become operational in 2018.
