ACC: Oil boom makes U.S. ideal place for chemical investments

10/31/2013 | Kiplinger.com

As oil and gas drilling hot spots emerge in the U.S., the benefits of the energy revolution are spilling over into other industries such as the petrochemical sector, according to this analysis. The petrochemical industry is planning to invest $100 billion in infrastructure to take advantage of the natural gas and other raw materials such as ethane, said Owen Kean, senior director of economic policy for the American Chemistry Council. "The U.S. is the place to do business" in the chemical industry, he said.

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