ExxonMobil is an early mover in America’s industrial renaissance fueled by abundant and affordable supplies of natural gas from shale and associated natural gas liquids. The company is awaiting the green light to begin construction on an exciting, multi-billion dollar expansion to its chemical facilities in Baytown, Texas — already one of the largest and […]
Tag Archives: Shale Gas
Media roundup: Who’s talking about the $100B manufacturing investment milestone
The American Chemistry Council recently announced that potential new U.S. chemical industry investment spurred by shale gas has surpassed $100 billion. The nearly 150 projects that have been reported – restarts, expansions, and brand new facilities – could create an estimated $81 billion per year in new chemical industry output and 637,000 permanent jobs by […]
Such great heights: Chemical industry investment surpasses $100 billion
The United States continues to reign as the place to manufacture chemicals now, as potential U.S. chemical industry investment has now topped $100 billion. As of this month, the number of publicly-announced chemical and plastics projects stands at 148, with the tally continuing to grow (ACC’s first report analyzed 97 projects valued at $71.7 billion […]
U.S. EIA: America’s plastics makers triple exports on half the energy
Data released today by the U.S. Energy Information Administration (EIA) confirms what U.S. plastics manufacturers have been seeing firsthand of late – solid growth in plastics production and exports, combined with improved efficiencies, which allow their businesses to draw less energy from our nation’s abundant natural gas supply. The graph above tells the story. The […]
‘American chemistry is back in the game,’ ACC’s Martha Moore tells Conference of Mayors
In a reversal from just a decade ago, the United States is once again a favorable destination for manufacturing investment, as the new economics of shale gas creates a competitive advantage for U.S. companies. “American chemistry is back in the game,” ACC’s Martha Moore told 280 of the nation’s mayors at a conference this week […]
In 2013, America’s chemical industry put the pedal to the metal, fueled by shale gas
It’s a new year and America’s chemical industry is ready for lift off, thanks to the competitive advantage provided by natural gas from shale, which is driving domestic investment and creating jobs. Check out ACC’s Year End 2013 Chemical Industry Situation and Outlook if you haven’t already. Kevin Swift, ACC’s chief economist, summarized the good […]
From importer to exporter, U.S. chemical industry poised for international boom
The U.S. chemical industry foresees an enormous increase in exports as a result of the competitive advantage delivered by the shale gas boom and, according to the Financial Times, in stark contrast with Asian and European competitors. The London-based newspaper added: The shale gas revolution has produced a surge in the production of inexpensive natural […]
Promise of affordable shale gas lures another foreign manufacturer to U.S. shores
You might say the good news about overseas investment in U.S.-based chemical plants accumulates faster than a December snowfall — and you’d be right. In the latest development, Asia’s largest chemical producer, Formosa Plastics Group, is seeking a $2 billion expansion of its Texas operations, as cheaper natural gas prices make production in America more […]
House legislation to expedite ‘architecture of abundance’ built on shale gas
The U.S. House of Representatives has passed two bills to ensure Americans retain access to sustainable supplies of affordable and reliable natural gas that have sparked a manufacturing revival while creating tens of thousands of jobs. As House Energy & Commerce Committee Chairman Fred Upton put it in an op-ed in July: So, here we […]
Shale gas multiplier: Benefits abound for plastics makers
The plastics industry will harvest an abundance of economic advantages from robust and inexpensive supplies of shale gas, including a reduced dependence on foreign energy and a manufacturing resurgence in the United States. These were just several of the upbeat messages from speakers at the inaugural SPI/IHS Global Plastics Summit recently held in Chicago. “One […]
