Tag Archives: Shale Gas

Chemistry: The cornerstone of our economy

Today ACC released the 2013 Guide to the Business of Chemistry and June’s Chemical Activity Barometer, providing concrete statistics illustrating that this continues to be an exciting and dynamic time for the business of American chemistry. Access to abundant new supplies of natural gas from shale deposits is driving unprecedented new growth, investment and economic expansion […]

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Natural gas projections herald long-term gains for American chemistry

When IHS Global Insight expert Gary Adams raved just a couple of months ago that domestic supplies of relatively low-priced natural gas promised the U.S. chemical industry and manufacturers “the opportunities of multiple lifetimes,” a skeptic might have questioned the rosy outlook. Instead, the latest batch of reports about natural gas reveals there is plenty […]

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Illinois seeks economic revival through expanded shale gas production

From 2000-2010, Illinois lost almost a third of its manufacturing jobs — but like other so-called “Rust Belt” states determined to mount a manufacturing comeback, Illinois is making plans to leverage abundant and affordable supplies of natural gas from shale to fuel an economic revival. In early June, the Illinois legislature overwhelmingly endorsed the production […]

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BASF Total Petrochemicals revamps its Port Arthur steam cracker to process ethane

BASF Total Petrochemicals is among a growing list of chemical manufacturers announcing expansion plans, thanks to abundant supplies of natural gas from shale. The company, a joint venture formed last year between BASF Corp. and Total Petrochemicals & Refining, has revamped its Port Arthur, Tx., steam cracker to process ethane transported from Mont Belvieu, Tx., […]

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Shale gas lures armada of overseas chemical companies to U.S. shores

The prospect of a long-term supply of abundant and affordable natural gas from shale continues to attract foreign-based chemical manufacturers to American shores. In fact, of the total number of domestic and foreign companies that have announced investments in the U.S., roughly half are from overseas. Bloomberg has reported that Japanese companies Idemitsu Kosan Co. […]

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3 opportunities to transform New York’s energy future; shale gas is one of them

Political and business leaders met in Albany, NY on Tuesday to explore ways to “Transform New York’s Energy Future” through innovative energy efficiency technologies and diverse domestic energy resources such as energy recovery, and by leveraging abundant and affordable supplies of natural gas from shale to drive a manufacturing renaissance across the Empire State. New […]

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Rising tide of natural gas makes the U.S. a ‘magnet’ for chemical industry investment

Plentiful, affordable and long-lasting supplies of natural gas from shale have created a decisive competitive advantage for America’s chemical manufacturers that is attracting billions in potential new investment to the United States, increasing exports of manufactured goods and creating jobs, American Chemistry Council (ACC) President and CEO Cal Dooley said Tuesday on Capitol Hill. The […]

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Shale gas calling: Could New York follow Pennsylvania’s lead?

If New York emulated Pennsylvania by using hydraulic fracturing to gain access to vast sources of natural gas from shale, it would galvanize economic growth in the Empire State and add $8 billion in income for upstate New Yorkers, according to a new study by the Empire Center for New York State Policy, a project […]

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In Ohio, a second wave of sustainable jobs for all talents and skills

The continued growth in production of abundant and affordable natural gas in the Utica Shale region of Ohio is transforming the state into a rich breeding ground for both “blue-collar” and increasingly, “white-collar” jobs. For years, the manufacturing and logistics sectors have dominated the growing employment numbers, creating thousands of jobs for hard-working laborers throughout […]

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“Natural gas is boosting the economy,” national business leader says

Virtually every day, it seems, more public officials, consultants, business leaders and economists agree that abundant and affordable supplies of natural gas are transforming America’s manufacturing sector, and the chemistry industry is a big part of why it’s making a comeback. Harry C. Alford, co-founder, president and CEO of the National Black Chamber of Commerce, […]

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