Shale Gas Development Boosts Growth in Chemical Industry

A study released by the American Chemistry Council shows that increased supply and affordability of natural gas due to shale development has led to investments, including a new poly-propylene plant in Ohio, as well as increased plastics-additive and polyimide capacities at other plants in the area. The report looked at 97 newly announced projects with a potential total of $71.7 billion in new investment.