The release yesterday of ACC’s latest exports report, “Fueling Export Growth: U.S. Net Export Trade Forecast for Key Chemistries to 2030,” painted a bright picture for exports of chemicals linked to the shale gas revolution. But what stood out to me even more than the numbers themselves was that our industry’s massive growth potential largely […]
Tag Archives: Economy
Fueling Export Growth (Part 1 of 2): U.S. chemical exports linked to natural gas could double by 2030; plastics products leading the surge
On the heels of a wave of new chemical industry investment projects expected to come online over the next few years, gross exports of chemical products linked to natural gas, including plastics, could reach $123 billion by 2030 – more than double what chemical manufacturers exported in 2014, according to a new report from Nexant, […]
New studies show vast benefits of offshore energy development
America is forfeiting hundreds of thousands of new jobs and tens of billions in GDP each year by maintaining governmental restrictions on energy development in the Eastern Gulf of Mexico and the Pacific Outer Continental Shelf (OCS). That’s according to two studies conducted by Quest Offshore Resources, Inc. and released this week by the National […]
U.S. manufacturing exports surging due to shale gas
Exports of manufactured products have risen 6 percent since the start of America’s shale gas production boom, according to a new report by the International Monetary Fund (IMF). It’s a sign that plentiful, affordable natural gas – already a strong catalyst for chemical industry export growth – is benefiting U.S. manufacturing. A reversal in U.S. […]
Plastics-to-oil technologies could add $9 billion to U.S. economy, says new report
Isn’t it time we stop burying our non-recycled plastics? Our society is always looking for new, alternative energy sources. Energy is not only vital to most everything we do, it helps to create jobs and enables economic growth. On this blog, for example, we’ve discussed how recovering non-recycled plastics and turning them into energy has […]
Tired accusations on TTIP
It seems self-evident that efforts to improve regulatory transparency while maintaining strong protections for the environment and human health; to enhance regulatory efficiency while reducing costs for governments and industry; and to stimulate the economy while supporting job growth should be shared objectives under the Trans-Atlantic Trade and Investment Partnership (TTIP). Unfortunately, that appears not […]
American chemistry: Growing the U.S. economy, providing jobs, enhancing safety
Have you used your cell phone today? Laptop? Drunk from a coffee mug, or worn a bicycle helmet? If so, you, along with millions of consumers around the world, have touched a product of chemistry. 96 percent of all manufactured goods are directly touched by the business of chemistry. From life-saving medical devices to airbags […]
Reducing trade tariffs on environmental goods is a worthwhile idea, but what constitutes the “good”?
The chemical industry is strongly committed to the protection of health, safety and the environment in its operations. ACC supported the inclusion of environmental objectives in recent U.S. bilateral trade agreements, which highlight the potential for positive synergies between trade agreements and environmental objectives. It’s also important, however, to ensure that these environmental objectives don’t […]
Why American chemistry supports an ambitious U.S. trade agenda
For U.S. chemical manufacturers to succeed in today’s global economy, they must be able to compete effectively in international markets. This requires an ambitious trade agenda, including robust and comprehensive trade and economic partnerships, that can deliver enhanced access to overseas markets. In a welcome development, the role of trade in driving and reinforcing economic […]
Revealing rare earths: Economic report sheds light on rare earths’ essential role
Whether it’s energy-saving wind turbines, life-saving pacemaker devices, state-of-the-art advanced avionics or super sleek smartphones, rare earth elements play an important role in helping a variety of the latest technologies perform. A new rare earths economics report from the American Chemistry Council and Rare Earth Technology Alliance shows that billions of individual products from a […]
