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

North American Shale Lifts Chemicals Earnings

7:25 AM MDT | May 11, 2012 | CW Staff

Favorable ethylene margins in North America and improved demand outside of Europe lifted most commodity and diversified earnings in the fiscal quarter ended March 31, 2012. Executives are for the most part optimistic for the rest of 2012, given expectations for a persisting natural gas advantage in North America and slow, but steady, economic growth. “We had a solid start to 2012 as margins in North American olefins and our Houston refinery rebounded from the weak levels experienced in the fourth quarter of last year,” says Jim Gallogly...

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