Shale boom spurs BASF to shift chemical investments to the U.S.

Chemical giant BASF is stepping up its production and research investment in the U.S. to take advantage of the abundant shale gas and the nation's rebounding economy. The company's investment in U.S. plants has doubled recently -- from about $500 million per year before 2010 to about $1 billion last year. The company expects to spend $4 billion in the U.S. through 2017.

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