Earlier this week the American Chemistry Council (ACC) announced that U.S. chemical and plastics industry investment linked to plentiful and affordable domestic supplies of natural gas and natural gas liquids (NGLs) from shale formations has surpassed $200 billion. That is a staggering number! Incomprehensible. Since 2010, 333 chemical industry projects cumulatively valued at $202.4 billion have been announced, with 53% of the investment completed or under construction, and 41% in the planning phase. Some 68% of the total is foreign direct investment or includes a foreign partner. Other countries love our shale! As good as all that is, consider this: ACC analysis shows that the $202.4 billion in capital spending could lead to $292 billion per year in new chemical and plastics industry output and support 786,000 jobs across the economy by 2025! Behold the miracle of shale fracking. Here’s the mind-blowing, fantasticly good news…
Earlier this week the American Chemistry Council (ACC) announced that U.S. chemical and plastics industry investment linked to plentiful and affordable domestic supplies of natural gas and natural gas liquids (NGLs) from shale formations has surpassed $200 billion. That is a staggering number! Incomprehensible. Since 2010, 333 chemical industry projects cumulatively valued at $202.4 billion have been announced, with 53% of the investment completed or under construction, and 41% in the planning phase. Some 68% of the total is foreign direct investment or includes a foreign partner. Other countries love our shale! As good as all that is, consider this: ACC analysis shows that the $202.4 billion in capital spending could lead to $292 billion per year in new chemical and plastics industry output and support 786,000 jobs across the economy by 2025! Behold the miracle of shale fracking. Here’s the mind-blowing, fantasticly good news…