APLA 2012: Shale gas alters Latin America's prospects

Competitive raw materials stemming from shale gas development in the US have caused investors to reconsider the timing for planned world-scale projects in Latin America, with the exception of the 1 million m.t./year Ethylene XXI project, which is already well under way, executives say.   The rebirth of the chemical industry in North America is the most significant development in the Americas, says Mark Eramo, v.p. at IHS Chemical. The shale gas boom has caused companies to announce plans for an additional 9 million...

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