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PACIA CEO’s keynote highlights critical role of natural gas in Australian economy

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Ms Samantha Read, the CEO of Australia's Plastics and Chemicals Industries Association (PACIA ) highlighted the critical role of natural gas in her keynote speech at the Australian Domestic Gas Conference 2015 in Sydney.

Ms Read emphasised the need for the gas debate to be more informed about all the ways gas was used in the economy, including as energy exports, chemical feedstock, industrial process energy, as well as commercial and residential energy. She observed that there needed to be a better understanding of the connection between natural gas, jobs and quality of life.

According to Ms Read, the Australian chemistry industry adds value to 10% of the country’s domestic gas, using it as an essential and non-substitutable feedstock. This can be as high as 25% in some states such as New South Wales.

She explained that natural gas as feedstock was a very different form of usage to that of energy value. The industry uses natural gas for its unique molecular properties to create, through chemistry, totally new materials and products. The products of this advanced chemistry add significant value to Australia’s resources and enable other sectors in the economy to succeed.

Ms Read noted that a deep, liquid, transparent, informed and competitive domestic gas market has the potential to take Australian manufacturing into the next phase of advanced development. This translates into more jobs for more Australians, delivering higher value products into domestic and global markets.

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