According to the American Chemistry Council, the U.S. industry has plans to construct 30 new chemical refineries in the next five years.
One of the less discussed effects of the recently developed abundance of natural gas is the secondary impact on other industries of abundant and affordable fossil fuels, especially of industrial feed stocks such as ethane. With several companies announcing multi-billion dollar refinery projects, the chemical industry and the related plastics industry could be in for a sizable expansion in employment and exports.
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