Shale renaissance benefits U.S. petrochemical producers

11/14/2012 | Washington Post, The

The U.S. shale natural gas boom is leading to a revival in the country's petrochemical and manufacturing industries as firms such as Dow Chemical, Methanex and Honeywell make moves to capitalize on the trend. The main reason for such investments "comes back to the massive competitive advantage the United States has with natural gas today," said George Biltz, vice president for energy and climate change at Dow Chemical. Meanwhile, Honeywell recently acquired a stake in natural gas technology provider Thomas Russell to offer more efficient methods of gas extraction to producers.

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