Some good news about chemical prospects in the U.S.  In  an article in Hydrocarbon Processing Magazine http://www.hydrocarbonprocessing.com/Default.aspx

Jim Fitterling, Dow Chemical’s executive vice president for feedstocks, performance plastics  and supply chain shared his viewpoint on the changing energy landscape.

Some of the high points:

  • Over 120 new energy-related projects have been announced in North America, with nearly $100 billion to be invested in petrochemicals
  • More than one-third of the announced projects will be located in Texas and Louisiana. 
  • The API predicts that nearly $5 trillion will be invested by the upstream through 2035.
  • In North America, 10 new ethylene crackers have been announced

Very good news, however:

  • There is concern that there is a lack of talent to build and operate the new facilities. (I have written about the skills shortage before, and it is becoming more of a concern across industries).
  • The second issue is the lack of US energy policy and without a solid plan this could put domestic companies at a disadvantage

For the full article in Hydrocarbon Processing please use the following link:

http://www.hydrocarbonprocessing.com/Article/3323903/Conference-news/Dow-Chemical-sees-US-downstream-poised-for-economic-revolution.html

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