U.S. Shale Just Triggered A Chemical Industry Renaissance

4 Jul 2017   Shale Oil

The shale revolution in the U.S. has led to a boom in domestic natural gas production, to the point that America is expected to become a net exporter of natural gas on an average annual basis by 2018. Abundant gas at home has also led to a renaissance in the petrochemical industry in the U.S., which had suffered a downturn in 2008 and 2009. But then came the shale revolution, and chemical companies in the U.S. now use the affordable ethane—a natural gas liquid derived from shale gas—as a feedstock. Abundant and cheap, shale gas and ethane are now feeding the next U.S. chemical revolution, with 294 new projects in the chemical industry—due to shale gas—that were completed, started, or planned as of March 2017, according to the American Chemistry Council (ACC). The U.S. chemical industry is outpacing total industrial output growth rate, and accounts for more than half […]

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