Show PETRO AUY BRING industrial EXPANSION TO UTAH after meeting with energetic members of the salt lake city chamber of commerce says the tribune recently big wg oil co company M e executives stiv have been jany known to survey the landscape from a hotel window with a glint in their eyes and comment you have a great future in ol 01 ell more important perhaps is a iture in petro chemistry the aredis still in its infancy of course in the development of oil con an and gas reserves but what of petro chemistry in fact chatis it fattest fait growing it Is probably the fastest growing segment of american industry bringing new products tor for home factory and farm in I 1 its ts train and exercising a resolution in life we of the average citi sen from his toothbrush to his clothes more vital it has opened great t new sources of raw and fabricated materials and although it Is concerned in its RR basic sense with the myriad of products derived from petroleum the impact Is being felt strongly in the coal industry applications to other forms of hydo ydo carbons such as oil shale ins and even gilsonite are all possibilities Ae according cording to the magazine petroleum processing the trade had its inception in 1919 1019 when the standard oil company of new jersey started making alcohols from petroleum raw materials the real growth did not corn com mence until during and after world war if 11 however caphil investment capital investment of the industry was estimated at million in 1843 1943 by 1952 the capital investment exceeded 2 billion petroleum now accounts as a 8 source for about two thirds of the organic chemicals production in the united states mo most it of the industry is located in the east middle west and southwest portions of the united states the west coast in the last several years ears however however has been moving ng more and more toward an integrated petro chem icalas industry on a scale much smaller of course than that found in texas and louisiana however the west coast has a limited supply of crude oil and natural gas and and each year the deficit of these raw materials grows I 1 there is no superabundance super abundance of course of either oil or gas in this area i hit the th jackpot however with continuing exploration assured and with an infinitely better prospecting area at handi the country some day could hit the jackpot and the future does not rest on conventional sources of petroleum tr either there are always the great reserves of bitumen at asphalt ridge near vernal the green river oil gilsonite and coal oil re finers here say that development of a petro chemicals industry in the area depends on a number of factors these includes include 1 refining capacity of at least to barrels a day salt lake valley drefin ers are about at one half of that capacity now fact that petro chemicals production is a product byproduct by prod ct I 1 largely gely of manufacture of g solin and other conventional petro petroleum eum prod products emphasizes the necessity of a large volume run of crude oil to stills before cheal chemicals production can con commence 2 availability of natural gas in volume at cheap prices this is certainly a present day stumbling block that portion of 0 the petro chemicals industry which converts natural gas into various raw materials for production of synthetic cloth etc pays paya 5 cents per 1000 cubic foot 0 or r less tor for natural gas at houston tey ter plants it Is said prevailing held price for natural gas in area is from 11 to 15 cents per 1000 cubic feet 3 Chara character ctet of crude oils being refined many crude oils which lend themselves to eventual conversion to chemicals are not the best for production ot of the crude oil refined here lor for example is superior to that on the west coast so 00 far as recovery of gasoline Is concerns con concerned cerne d but refiners refinery re finers have some doubts about its yell ding sufficient ben zenes me thanes and ethane values I 1 even if total refinery capacity were barrels a day to underwrite investments in a petro industry itt if refining capacity is ever to reach the needed volume ckudes of other types will vill be in the offing 4 marketing of petro cheal cals tab Is not an area p problem but a albect affecting ing all the regional 11 onal one reg western t m states chemicals in the 1 series such as are being transformed into various other chemicals which go 0 into the brodu production action of ewt plastics f cs synthetic fibers lor for example these basic materials are produced now in the gulf states but they are am shipped to the eastern seaboard where they are treated furth further ermade made into fibers and eventually spun spur into cloth I 1 industry requited thuska clothing industry located in salt lake city would not be a condition precedent for establishment of a petro chemi cala cals industry bor on i the west coast or or elsewhere within competitive shipping range would be required of course 5 availability of other chemicals in the intermountain weft west will be a great spur toward development of a petro chemicals industry if necessary conditions of volume refining and natural gas supplies are met |