Tuesday, May 22, 2018

US chemical capacity to increase by more than 50 million tonnes

There are 325 projects cumulatively valued at $194 billion in capital investment that have been announced since 2010, with 49% of the investment completed or under construction, 45% in the planning phase, and 6% of unknown/delayed status, according to the ACC.
This 325 number has skyrocketed over the last five years from the 97 projects worth $72 billion in investment in 2013.

While this capacity number includes all types of feedstock-based projects, the construction and capacity boom largely point to shale gas and the abundance of it in the U.S.
After years of high and volatile natural gas prices, domestic supplies of abundant and affordable natural gas and natural gas liquids (NGLs) have created a competitive advantage for U.S. chemical manufacturers.
Companies from around the world are investing in new projects to build or expand their shale advantaged capacity in the U.S.
Source: analysis.petchem-update
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