Rigzone is reporting:
Upstream,
midstream and downstream sectors of the oil and gas industry have long
contributed to the economy of South Texas' "Coastal Bend," a 12-county
region whose hub city is Corpus Christi. Not only is the region
accessible to onshore and offshore oil and gas fields, but it boasts the
infrastructure necessary to ship, store and process hydrocarbons and
hydrocarbon products.
Lured by the region's growing port facilities and ready availability of
cheap natural gas from the prolific Eagle Ford Shale play, two
foreign-owned firms are bringing a newcomer – iron and steel
manufacturing – into the Coastal Bend's economic fold.
"The addition of iron and steel manufacturing to the regions' economy
will further diversify and strengthen our growing economy," said Roland
Mower, CEO of the Corpus Christi Regional Economic Development Corp. "In
fact, this region is experiencing an uptick in interest from
international manufacturers interested in leveraging our low-cost,
politically stable supply of natural gas as a fuel source for their
manufacturing processes and our immediate proximity to the U.S. (Western
Hemisphere) markets."
While living in San Antonio for nearly twelve years, we often visited Corpus Christi and the surrounding area, especially to go birding. I always thought, economically, Corpus Christi seemed a bit depressed. This new steelmaking activity should really do wonders for the economy and employment.
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