Shale Gas, Competitiveness and New US Chemical Industry Investment: An Analysis of Announced Projects
29 May, 2013
American Chemistry Council’s new report examines the economic benefits of U.S. chemical industry investments. The study analyzes 97 chemical industry investment projects – valued at $71.7 billion – that have been publicly announced through the end of March 2013. By 2020, the projects can lead to 46,000 new chemical industry jobs, another 264,000 jobs in supplier industries and 226,000 ‘payroll induced’ jobs in communities where workers spend their wages, and can generate $20 billion in federal, state and local tax revenue.