ACC details US chemical rebound from abundant, affordable gas

05/27/2013
Abundant, affordable US natural gas supplies resulted in 97 announced chemical and plastics projects totaling $71.7 billion in potential new investment, the American Chemical Council said in a recent report. By 2020, the projects can lead to the creation of 46,000 chemical industry jobs, another 264,000 jobs in supplier industries, and 226,000 "payroll induced" jobs in communities where workers spend their wages, generating $20 billion in federal, state, and local tax revenue, ACC indicated. Nearly 1.2 million additional, temporary jobs will be created during the projects' 2010-20 capital investment phase, the May 20 report said. "The United States has become a magnet for c...
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