Shale is spurring chemical-industry investment, employment, ACC says

08/10/2011 | Bloomberg

The chemical industry could see $16 billion in U.S. investment and more than 400,000 direct and indirect jobs because of the advantage of cost-competitive U.S. shale natural gas, according to the American Chemistry Council. "The U.S. now has investment-grade economics, and because of shale we are going to lock those economics in," said Dow Chemical CEO Andrew Liveris, whose company is among those looking to build industrial facilities in the U.S.

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