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Lower energy costs can be a boon for chemical manufacturers
Increased U.S. energy production is important for adding U.S. jobs and keeping costs down, industry executives say. "The primary driver right now [for] the manufacturing industry is energy costs. When you look at those potential opportunities to build new chemical plants, to expand steel capacity, bring home a lot of those jobs that left over the past decade, the primary driver is the cost of energy," said American Petroleum Institute President and CEO Jack Gerard.
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