Chemical industry to gain from U.S. natural gas reserves

12/28/2009 | Wall Street Journal, The

ExxonMobil's acquisition of XTO Energy brings relief for the chemical industry, which relies heavily on gas as feedstock for manufacturing ethylene, according to this analysis piece. Tapping the country's vast natural gas reserves will bring down fuel prices, enabling chemical companies to improve their capacity utilization as well as increase their labor force, the article said.

View Full Article in:

Wall Street Journal, The

Published in Brief: