Shale gas boom revived chemical sector, ExxonMobil's Pryor says

03/20/2013 |

The North American chemical industry is one of the main beneficiaries of the shale natural gas boom, said ExxonMobil Chemical President Stephen Pryor. "This has boosted profitability and enabled the industry to regain its position as America's largest exporter. It has also stimulated new investment. For the first time in more than a decade, major capacity additions have been announced that convert ethane to ethylene," he added.

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