Production of Marcellus Shale gas liquids such as ethane and propane could fuel up to $3.7 billion in investments as well as attracting additional petrochemical and plastics manufacturing to Pennsylvania, according to a report released Tuesday by Gov. Wolf and the Team Pennsylvania Foundation.

"Pennsylvania has a once-in-a-generation opportunity to develop and implement a strategy that will cultivate a manufacturing renaissance and transform our economy across the commonwealth," Wolf said in a statement. The study, "Prospects to Enhance Pennsylvania's Opportunities in Petrochemical Manufacturing," was done by energy consultant IHS Markit.