07172018Tue
Last updateTue, 17 Jul 2018 6pm

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U.S. Chemicals Industry “Rocketing Back”

“A decade ago, chemicals were just another fading U.S. manufacturing business. Companies were reluctant to invest in new factories because of soaring prices for the oil and natural gas that serve as both raw materials and power sources,” Bloomberg reports.

“Today, Dow, Exxon Mobil Corp., and Chevron Phillips Chemical Co. are putting the finishing touches on multibillion-dollar factories along the Texas Gulf Coast. The plants are part of $185 billion in proposed and recently completed investments,” according to the American Chemistry Council. 

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