Expansion and construction projects linked to shale gas continue to drive investment in the US chemical industry. The American Chemistry Council (ACC) has identified 264 projects that have been officially announced, of which around 40% have completed or begun construction works.
The projects include new facilities, expansions and factory re-starts. If they all go ahead, they represent a combined investment of $164 billion (£115 billion) in the sector. Most of the developments that are not yet committed are in the planning phase, but 5% of the total are ‘delayed or uncertain,’ the ACC said.
The number of projects being undertaken has grown considerably since 2013, when the ACC identified 100 announced projects representing a potential $72 billion in investment.
More than 60% of these projects are being undertaken by foreign-owned firms looking to take advantage of the cheap energy and feedstock that shale provides.
By Rebecca Trager
Source: Chemistry World
During a European Industry Summit held on the site of BASF in Antwerp, leaders from basic industry sectors, representing 7.8 million workers in Europe, joined forces with European trade unions and European leaders to address pressing concerns regarding Europe’s industrial landscape.
The use of blue or low-carbon hydrogen, made from natural gas with carbon capture and storage (CCS), could increase near-term global warming by 50% compared with burning fossil fuels directly for energy if emissions are not properly managed, according to a new study by NGO the US Environmental Defense Fund (EDF) and the University of Arizona.
In a move to improve the supply of renewable hydrogen and thus reduce dependence on natural gas and contribute to achieving the objectives of the European Green Deal and the REPowerEU plan, the EU Commission has approved a third Important project of common European interest (IPCEI) to support hydrogen infrastructure.