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David MustineGeneral Manager – Energy & Chemical/Polymer

What is JobsOhio?

• JobsOhio is a 501 (c)(4) private, not-for-profit corporation launched in July 2011

• Will lead Ohio’s job creation, business retention and new business recruitment efforts.

• Focus will be on specific industry sectors in areas of statewide and regional strength.

• In these endeavors, JobsOhio will partner closely with the Ohio Department of Development (ODOD) to undertake certain program functions that were once the state’s sole domain.

JobsOhio Strategies & Focus

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JobsOhio is organized to focus in 2012 on nine industries and four complementary functions that drive Ohio’s economy. Using a private-sector approach, JobsOhio is led by experts in those chosen industries – leaders who speak the language of business.

Importance of the industry in Ohio relative to the U.S.

JobsOhio Network

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Our success also is tied to the partnership with the JobsOhio Network – statewide economic development organizations with deep ties to their local business communities.

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Net job growth in the energy sector will depend on maximizing the full value chain related to Ohio’s Utica shale, including:

Exploration

Production

Transportation

Processing.

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Attract New Utica Shale-related Businesses

Upstream – Exploration, production, supply, and service

Midstream – Processing, pipelines, and distillation

Downstream – Power generation and fertilizer manufacturers

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Identify and Improve

Determine gaps in existing shale supply chain and work with Ohio companies to enter and support the market.

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Developing Ohio’s Utica shale presents a substantial opportunity to grow Ohio’s chemical and polymer industries.

Low-cost energy and feedstock sourced here is a significant advantage for much of Ohio’s chemical and polymer industries.

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Maximizing Ohio’s Strengths

Identify and recruit chemical and polymer companies that will benefit from:•Low energy & feedstock costs•World leading research•Strong existing supply chain

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Target Areas of Opportunity

Connect Ohio polymer strengths to other JobsOhio sectors, i.e. where Ohio polymer technology is strong.

As of March, 2012

Horizontal Permits Issued: 150 (17 counties)

Total Wells Drilled: 50

Wells producing: 7

Wells in progress: 32

Rigs in state: 16

More wells need to be drilled to understand the full potential of the Utica play in Ohio.

ohioshaleinfo.com

Utica Activity to Date

Economic Impact of Shale

Ohio Companies Benefiting from Shale Activity

V&M Star, Youngstown – steel tubing

U.S. Steel, Lorain – steel pipe

Miller Supply, Inc., Wooster – oilfield supply and services

Pioneer Group, Marietta – Midstream fabrication and construction

Timken, Canton – manufacturer and supplier of bearings.

Ariel Corporation, Mt. Vernon – gas compressors.

PotashCorp, Lima – producer of nitrogen-based products; large natural gas user.

Gorman-Rupp, Mansfield – pumps used in oilfield operations.

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Recent Investments in Utica Shale

Total, S.A. – 10 Eastern Ohio Counties$2.32 billion

Halliburton – Muskingum $150 million and 300 jobs

MarkWest – Harrison & Monroe $500 million and 700+ construction jobs

Exterran – Mahoning$13 million and about 100 jobs

Chesapeake/EnerVest/Total/M3 Midstream PartnershipColumbiana & Harrison

$900 million

Baker Hughes – Stark$45 million and 700 jobs

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Capital

Skilled Workforce

Low-cost, Reliable Energy

… the building blocks for reaching long-term, global competitiveness in eastern Ohio.

ohioshaleinfo.com

Stronger Ohio