Cheap shale natural gas production, compared with energy costs overseas, is a significant advantage for the U.S. chemical sector, said AC&S CEO Dean Cordle, who spoke at a House hearing last month. "We use energy inputs, mainly natural gas and natural gas liquids, as both our major fuel source and raw material, or feedstock," Cordle said. "U.S. crackers are producing ethylene for less than $400/ton compared to about $1,000/ton in Europe and even more in Asia," he added.

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