MAGNAM Innovation Park offers many advantages to polymer and associated industries looking for access to low cost natural resources, access to markets, and a skilled workforce.
MAGNAM Innovation Park is located near two of the most productive shale plays in the world creating an abundance of natural gas supplies and the lowest natural gas prices in the developed world.
MAGNAM Innovation Park is within a day's drive to 50% of high-demand North American markets and over 70% of polyethylene demand.
MAGNAM Innovation Park will be located on 2,500 acres in close proximity to the split of two major U.S. Interstate Highways (Interstate 70 runs east-west from Baltimore, Maryland to Utah and Interstate 77 runs north-south from Ohio to South Carolina).
MAGNAM Innovation Park provides a location for conducting business that is closely aligned to the opportunities being created by the abundance of natural gas associated with the Marcellus and Utica Shale formations.
Ohio ranks as the largest consumer of polyolefin in the Midwest
Number of natural gas and oil industry jobs in Ohio
Wage earnings of those employed in the natural gas and oil industry in Ohio
Ohio ranks 2nd in plastic workers in the nation
MAGNAM Innovation Park is located in close proximity to a number of colleges and universities including The Ohio State University, Ohio University, University of Akron (offers degrees in polymer science and polymer engineering), Cleveland State University, Marietta College, Zane State College, Denison University, Muskingum University, and West Virginia University.
Ohio sits on large quantities of high-value NGLs used in petrochemical production and plastics manufacturing.
Ohio has a highly trained, cost competitive, and productive workforce.*
Ohio is No. 1 in polymer and plastics output and the No. 1 consumer of polyolefin in the Midwest.*
Ohio is not as prone to natural disasters as the U.S. Gulf Coast.
Access to large supplies of low-cost ethane and proximity to over 70% of the nation’s polyethylene market make MAGNAM Innovation Park and ideal location for energy-intensive industries.
Ohio is ranked 2nd in plastic workers in the nation.*
Ohio’s energy sector has attracted $64 billion in investments across the energy value chain.*
Ohio’s natural gas and oil industry supports more than 262,800 jobs and provides more than $14.7 billion in wages.*