ACC: Louisiana is on the verge of a chemical industry "renaissance"

10/25/2011 | WWL-AM/FM (New Orleans)

The vast natural gas deposits in the U.S. could help create about 35,000 jobs in Louisiana as industries mobilize to extract such energy resources, according to the American Chemistry Council. Shale gas "really provides the opportunity for what will be a renaissance in chemical manufacturing in the United States, and Louisiana is uniquely positioned to capitalize on that," said ACC President and CEO Cal Dooley. "The $5.4 billion investment in expanded ethylene production capacity in Louisiana will generate a total of $10.9 billion in additional chemical industry output, bringing the state's industry revenues to $56.9 billion and maintaining it as the country's second-largest chemical-producing state," ACC said.

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