11242017Fri
Last updateWed, 22 Nov 2017 2pm

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End-User News

Shale Gas Leading to Billions in Chemical Investments

After years of high and volatile natural gas prices, new domestic supplies of more affordable natural gas and natural gas liquids (NGLs) have created a competitive advantage for U.S. chemical manufacturers, leading to greater investment, industry growth and new jobs. Companies from around the world are investing in new projects to build or expand their shale-advantaged capacity in the U.S. As of July 2017, the American Chemistry Council (ACC) is tracking 310 projects cumulatively valued at $185 billion in capital investment, with 52% completed or under construction and 48% in the planning phase. Much of the investment is geared toward export markets for chemistry and plastics products, which can improve the nation’s trade balance. Fully 62% of the announced investment is by firms based outside the U.S. 

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