While shale gas production has been a game-changer for the U.S. chemical industry, more clarity is needed in regulations on public-land reserves, which "have to be part of this mix if we're fully going to capitalize on this opportunity," American Chemistry Council President Cal Dooley said today on OnPoint. A recent IHS report substantiates expectations of "a sustained competitive advantage in the United States in chemical manufacturing for probably the next 20 or 30 years," he added. U.S. chemical and plastics production will nearly triple by 2020, he said, "while one of our primary competitors, those manufacturers in the European Union, are going to see their production decline by one-third."

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