The abundance of shale gas could lead to a doubling of U.S. exports of polyethylene, polypropylene, and para-xylene by 2025, ExxonMobil Chemical president Stephen Pryor said at the IHS Chemical conference in Houston. "What we are seeing is a recapitalization of the U.S. chemical industry," Pryor said. "After three decades in which 75% of chemical capacity growth came from Asia and the Middle East, the United States is back in the game as a low-cost supplier of petrochemicals."

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