Shale gas rise: report shows manufacturing from shale over $200B

By Staff | September 12, 2018

Shale gas is a powerful engine of manufacturing growth. Those are the words of Cal Dooley, president and CEO of the American Chemistry Council. Dooley and his team recently released a report that details the true impact of shale gas on the manufacturing sector. The ACC hasn’t updated its shale gas report and statistics since 2013. In the 2013 version, the ACC said that 97 chemical and plastic industry projects totaling $72 billion had been announced at the time.

-The U.S. chemical and plastic industry investment linked to shale gas has surpassed $200 billion.

-In the past eight years, more than $202.4 billion worth of chemical industry projects (333 in total projects) have been announced. The projects range from expansions or full-facility buildouts.

-The $202 billion invested in chemicals and plastics as a direct result of the shale gas feedstock used to power facilities or as a base element for the production of materials, will result in nearly 800,000 jobs by 2025. The jobs include 79,000 in the chemical industry, 352,000 jobs in supplier industries and 355,000 jobs in communities where workers spend wages.