Energy Plus Innovation Is the Key
A lesser known serendipity of the shale oil revolution is its impact on U.S. manufacturing. Abundant and affordable natural gas, the primary raw material for the petrochemical industry, has given the U.S. a cost advantage in making the basic building blocks of modern society. Those building blocks lead to downstream innovations from companies like Huntsman that impact every aspect of modern life. We see them in our homes, schools, automobiles, cleaning products, fertilizers, and even in our clothing and technological devices.
Put another way, while the modern supply chain starts with key reserves like those in the Uinta basin, it is innovation that propels these materials into tangible products and brings it all full circle.
In fact, Utah is in a rare position at both ends of the value chain. It is home to some of the largest oil and coal deposits anywhere, while at the same time its modern cities along the Wasatch Front create demand for the latest building materials and consumer products. These materials also hold the key to solving many of Utah’s challenges. Cleaner burning fuels and better insulation products can help tackle air quality challenges, and inexpensive materials make possible more manufacturing jobs. That is why a focus on energy—not just its collection or extraction, but its use on down the value chain—is so very relevant.
At Huntsman, we are dedicated to improving lives through innovation. There is very little that is virtual about what we do. We take basic elements and turn them into advanced materials that make life better. We are constantly working with our partners in the supply chain to fine tune these materials in ways that better fit their needs and the needs of the end user.
Within Utah, Huntsman supplies many companies that are extending these innovations into the Great Basin. Advanced construction and insulation materials, like spray foam insulation and lightweight construction panels, are produced here in the state. We work with wind blade manufacturers to create turbines that are long enough and light-weight enough to efficiently create energy out of Utah’s wind corridors. Even mattress companies in the region use polyurethane and advanced polymers to make their popular products. These are just a few examples of how the petroleum products extracted at the top of the value chain come full circle to make life better through innovation.
– Peter HuntsmanShare on Facebook Share on Twitter Share on Pinterest