While high, unstable energy prices can make industrial efforts unprofitable, the greater availability and lower cost of natural gas is greatly fueling the ability of American companies to compete in agricultural and other industrial markets—and helping to bring large industry back to the US.
Please contact the Louisiana Gas Association or your local natural gas utility for a wide variety of customized products, equipment recommendations and services specific to your industry.
Did You Know That…?
- Natural gas now costs 75% less than it did in 2008
- About $6.4 billion dollars worth of new industrial projects are coming to the US, partly due to new natural gas extraction techniques and related cost-savings
- Only about $90 worth of natural gas is required to make 1 ton of anhydrous ammonia fertilizer, which currently sells for an estimated $800 per ton
- Farmers could make up to $3,000 per acre by taking advantage of the opportunity to lease their land to energy companies
Uses of natural gas in agriculture include:
- The making of nitrogen fertilizers
- The production of crop protection chemicals
- Food processing
- Crop drying
- Heating farm buildings and homes