01192020Sun
Last updateFri, 17 Jan 2020 3pm

End-User News

In Natural Gas Industry, U.S. Holds Competitive Advantage

After years of high and volatile natural gas prices, new domestic supplies of more affordable natural gas and natural gas liquids (NGLs) have created a competitive advantage for U.S. chemical manufacturing, leading to industry growth and new jobs. According to the American Chemistry Council, companies from around the world are investing in new projects to build or expand their shale-advantaged capacity in the U.S. Since 2010, 340 projects cumulatively valued at $204 billion have been announced, with 56% of the capital investment completed or under construction, 41% in the planning phase, and 3% of delayed or unknown status. Much of the investment is geared toward export markets for chemistry and plastics products, which can improve America’s trade balance. Fully 70% of the investment is by firms based outside the U.S. or includes a foreign partner.

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