U.S. chemical investment by foreign firms could reach $72B

06/26/2014 | Bloomberg

Sixty-two percent of announced capital investments in the U.S. chemical sector are from foreign firms such as Germany's BASF and Brazil's Braskem, which plan to invest up to $72 billion in shale-related projects, according to the American Chemistry Council. When combined with domestic investments, these could turn the U.S. trade deficit in chemicals into a $30 billion surplus within five years, said ACC CEO Cal Dooley.

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