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Chemical Week Magazine :: Business & Finance :: United States/Americas

IHS: Shale to boost US basic chemicals production by 5%/year

6:19 AM MDT | September 6, 2013 | —Clay Boswell

production of basic chemicals and plastics in the United States will increase at an average rate of 5%/year through 2020 to meet growing demand for cost-advantaged exports, according to A Manufacturing Renaissance, the third volume of the IHS report America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy. By contrast, production declined slightly during 2001–11. Exports of US-manufactured chemicals and plastics have increased by 11% since 2010, says the study, released on 3 September. Lower raw material and energy...

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