ACC: Investments in U.S. shale natural gas could reach $72 billion

The shale natural gas boom in the U.S. is a key driver of petrochemical sector activity and could bring almost $72 billion in capital investments and lead to 530,000 new jobs, according to a report from the American Chemistry Council. "The United States has become a magnet for chemical industry investment, a testament to the favorable environment created by America's shale gas as well as a vote of confidence in a bright natural gas outlook for decades to come," said ACC President and CEO Cal Dooley. "What's especially exciting is that half of the announced investments are from firms based outside the U.S., which means our country is poised to capture market share from the rest of the world."

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State Journal (Charleston, W.Va.), The · FuelFix.com · Oil & Gas Journal · Chemical Week

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