21 May 2013
Details
American Chemistry Council (ACC)
analyzed the impact of hypothetical,
but realistic 25 percent increase in
ethane supply on growth in the petrochemical sector.
It found that the increase would generate
* A $32.8 billion increase in U.S. chemical production
* $16.2 billion in capital investment by the chemical industry
to build new petrochemical and derivatives capacity.
* $132.4 billion in U.S. economic output
+ $ 83.4 billion related to increase chemical production
(including additional supplier and induced impacts) plus
+ $ 49 billion related to capital investment by
the U.S. chemical industry.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
Petrochemical companies including
* The Dow Chemical Company
* Shell Chemical
* LyondellBasell
* Bayer MeterialScience
* and others
have announced new investments in U.S. petrochemical capacity
to benefit from available resources and
grow their petrochemical businesses.
Further development of U.S. shale gas and ethane
can drive an even greater expansion in
domestic petrochemical capacity provided that
policymakers avoid unreasonable restrictions on supply.
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WWW.CHEMWINFO.COM BY KHUN PHICHAI
