Natural Gas Spurs Manufacturing Renaissance

The shale revolution has brought America to a manufacturing renaissance where new and expanding factories are expected to create a multitude of new jobs. 

As we celebrate Manufacturing Day tomorrow, we focus this blog post on America’s energy revolution that has ushered in a manufacturing renaissance.

The oil and natural gas shale boom has helped stimulate chemical manufacturing and spur new investments within the industry, which includes plastics manufacturing.

According to the American Chemistry Council (ACC), there have been 333 projects, valued at a total of $202.4 billion, in capital investments announced since 2010. Almost half of the investments are completed or under construction while another 41% are already in the planning phase.

The ACC predicts that the projects – which include new facilities, expansions, and factory re-starts – could create over 70,000 direct jobs and nearly 400,000 indirect jobs in the United States. Overall, the projects will create approximately $337 billion in economic output.

Read more:

http://naturalgasnow.org/natural-gas-spurs-manufacturing-renaissance/

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