The Changing Value of Water to the US Economy: Implications from Five Industrial Sectors
September 17, 2012
On Wednesday, September 19, Mike Matichich, CH2M HILL Principal Technologist and Technology Leader for Financial Services in Water, will be presenting the paper “The Changing Value of Water to the U.S. Economy: Implications from Five Industrial Sectors”
at an Environmental Protection Agency technical workshop on The Importance of Water to the U.S. Economy
in Washington, DC.
Chaired by Industrial Economics, the workshop is designed to provide a broader perspective on industrial water issues and will be attended by not only EPA staff, but also key industry and industry group representation.
Matichich worked closely with CH2M HILL's Sartaz Ahmed, Marek Mierzejewski, Bill Byers, and Dan Pitzler to write the paper.
Water plays a key role in industrial production. Today, with increasing demand for water resources and uncertainty about the amount and quality of supply, the competition for water resources is being felt across all sectors of society. Therefore, awareness of the ways water-related risks can disrupt business has also increased. Although the cost and price of water varies tremendously across the United States, corporations are increasingly assessing and reporting their water use and improving water process efficiency. In addition, companies are seeking economic and technological innovations. Many companies are also forging partnerships to improve efficiency and derive maximum value from the water they and the surrounding community use.
This paper examines the changing value of water on five industrial sectors in particular: thermal power generation, mining, chemicals, and oil and gas. The case studies for the five sectors analyzed come from a number of information sources, including published economic information available through sources such as the Bureau of Economic Analysis. In addition, the authors have conducted interviews with representatives of firms engaged in water policy decisions in each of the sectors and have reviewed a variety of company documents.