NACD Supports Construction of Keystone XL Pipeline National Association of Chemical Distributors testifies that small businesses will benefit from pipeline
WASHINGTON, May 16, 2013 /PRNewswire-USNewswire/ -- Today, the National Association of Chemical Distributors (NACD) testified before the Subcommittee on Agriculture, Energy and Trade of the House Committee on Small Business regarding the construction of the Keystone XL Pipeline. NACD supports construction of the pipeline, as it will have a direct and beneficial impact on small businesses, specifically in the chemical distribution industry.
Mathew A. Brainerd, Chairman and CEO of Brainerd Chemical Company, Inc. and NACD's Vice Chairman represented the chemical distribution industry and spoke on behalf of NACD at the hearing. Brainerd emphasized the beneficial effects construction of the pipeline would have on not only the oil and refining industries, but also on small businesses in the chemical distribution industry. "Small businesses like mine and my colleagues in the chemical distribution industry would be directly and beneficially affected by its construction, leading to reduced costs for both ourselves and, ultimately, our customers," stated Brainerd.
Chemical distribution is a highly specialized, critical link in the chain of manufacturing of goods in the United States. Chemical distributors take title to bulk volumes of chemicals, breaking them down into smaller units, in some cases blending them, and transport them to customers. Brainerd noted, "The chemical distribution industry would benefit from the pipeline in three distinct ways: from general economic activity, reduced costs for aromatic and aliphatic chemicals, diesel and rail tank cars, and finally, the improved economics of hydraulic fracturing, which is a major market that many in our industry serve."
To view NACD's full testimony and/or an archive of the hearing, go to: http://smallbusiness.house.gov/calendar/eventsingle.aspx?EventID=326584
NACD and its over 400 member companies are vital to the chemical supply chain providing products to over 750,000 end users. They make a delivery every seven seconds while maintaining a safety record that is more than twice as good as all manufacturing combined. NACD members are leaders in health, safety, security, and environmental performance through implementation of Responsible Distribution, a third-party verified management practice established in 1991 as a condition of membership. For additional information on our members, their safety record or NACD, visit NACD at www.nacd.com.
Contact: Lucinda Schofer
SOURCE National Association of Chemical Distributors (NACD)