Sector News

Surge in US industry investment linked to shale gas

April 13, 2016
Energy & Chemical Value Chain

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

comments closed

Related News

March 24, 2024

Thomas Gangl leaves Borealis

Energy & Chemical Value Chain

Appointed Borealis CEO in 2021, Thomas has led key initiatives including the sale of the nitrogen business, acquisitions of Rialti Spa and Integra Plastics AD, and Borouge’s IPO. He also made the final investment decision for the Borouge 4 plant, set to be the world’s largest polyolefin complex.

March 24, 2024

Chemours names Dignam permanent CEO

Energy & Chemical Value Chain

The Chemours Co. today named interim CEO Denise Dignam as the company’s permanent CEO and president, as well as a member of the board of directors, effective immediately. Dignam has been interim CEO since late February, when former CEO Mark Newman was placed on leave due to an internal investigation.

March 24, 2024

Neste merges three business lines into new Renewable Products unit

Energy & Chemical Value Chain

Neste Corp. (Espoo, Finland) has completed its organizational change process, announced on 1 November 2023. Neste informed that it will merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working.

How can we help you?

We're easy to reach