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Such great heights: Chemical industry investment surpasses $100 billion

from American Chemistry Matters

The United States continues to reign as the place to manufacture chemicals now, as potential U.S. chemical industry investment has now topped $100 billion. As of this month, the number of publicly-announced chemical and plastics projects stands at 148, with the tally continuing to grow (ACC's first report analyzed 97 projects valued at $71.7 billion announced through March 2013). Impressively, more than half of the investment dollars come from firms based outside the U.S. These projects could generate huge job gains — 637,000 permanent new U.S. jobs between 2010 and 2023, including 55,000 jobs in the chemical industry alone — and $16 billion in permanent tax revenue. And they are helping to drive a broader manufacturing renaissance as other industries benefit from lower-cost materials. more


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