Tag Archives: Shale Gas

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 [...]

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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 [...]

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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 [...]

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President promotes exports in the Big Easy, a boomtown for chemical shipments

President Obama chose perhaps the perfect venue to deliver recent remarks focused on growing the U.S. economy by increasing exports. As the president said of the Port of New Orleans: In New Orleans, exports are growing at one of the fastest rates in the nation, powered in part by a shale gas boom that has [...]

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More signs from Stanford to the Gulf Coast that natural gas is boosting American chemistry

As the U.S. economy continues to sputter, America’s chemical industry motors along. A recent report by Stanford’s Energy Modeling Forum, for example, estimated that robust and sustainable supplies of natural gas will increase America’s gross domestic product by about $70 billion a year over the next several decades. The “principle industry that will benefit from [...]

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In the ‘Land of Lincoln,’ shale gas portends a chemical industry growth spurt [VIDEO]

Mark Biel, executive director of the Chemical Industry Council of Illinois, exudes optimism, thanks to robust supplies of affordable natural gas. “This is the most exciting time to be in the chemical industry in Illinois or the United States that I have seen in the last 20 years and maybe the last 50,” Biel said [...]

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In Europe, hurrahs and hand-wringing over America’s shale gas advantage

Abundant, affordable, American supplies of natural gas from shale have transformed the nation’s economic landscape, driving investment, producing jobs, creating a manufacturing renaissance and increasing household incomes by $1,200 a year (and possibly up to $3,500 by 2025). Across the pond, European thought leaders and corporate executives are deciphering what America’s shale boom means, its impact [...]

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More signs of chemical industry growth from an abundance of natural gas and oil

It is a truth becoming universally acknowledged, that surging shale gas and oil production is generating jobs and driving growth. A PwC energy expert is the latest to punctuate the point. Andrew Lyon, a principal in PwC’s National Economics and Statistics group, hailed the doubling of direct jobs tied to oil and shale gas extraction [...]

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A chemical industry economic revival, on the Bayou and beyond, thanks to shale gas

Robust and affordable supplies of natural gas from shale are providing enormous economic benefits for Louisiana that will endure for decades, Martha Moore, ACC senior director of policy and economics, said in a recent interview with New Orleans radio station WWL. Moore highlighted the findings in a recent IHS report, which projected a shift in [...]

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Cal Dooley describes enduring benefits of shale gas for U.S. chemical industry (E&ETV)

American Chemistry Council President and CEO Cal Dooley discussed the enormous advantages that shale gas has bestowed on the U.S. chemical industry and America’s manufacturing sector in a wide-ranging interview with E&ETV, a cutting-edge webcast featuring analysis from energy policy leaders. Asked about the projections for economic growth and new investment in a recent IHS [...]

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