We believe that the Shale Revolution presents an once-in-a-lifetime opportunity unique to the United States that will have a profound impact on the chemicals industry. Nearly 100 projects announced as of Q1-2013, $72 billion in potential chemical industry capital investments, $67 billion in additional output by 2020 (with new & permanent federal, state, and local tax revenue of $14 billion from increased chemical industry output by 2020, according to ACC)!
....there is the potential for a raw material cost advantage of up to 60% for products in the ethane-ethylene value chain. Key questions would remain in our ability to manage typical risks for a complex industry, such as environmental, regulatory, specialized credits and equity investment approach, proper tax treatments, infrastructure and access to realize the Shale gas driven potentials.
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