Washington— The shale gas production surge has reversed the fortunes of the plastics industry, shifting the competitive advantage to the U.S., where producers mostly use raw materials derived from natural gas, according to a new report published by economists at the American Chemistry Council (ACC). The report, The Rising Competitive Advantage of U.S. Plastics, found that due largely to plentiful and affordable natural gas and natural gas liquids from shale formations, U.S. jobs related to plastics manufacturing are expected to grow by 462,000 over the next decade—more than 20%— reaching more than 2.7-million.
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