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North America PE market ready to ride a wave of shale gas

By: Frank Esposito

CHICAGO (Nov. 6, 1:25 p.m. ET) — North American polyethylene makers are getting ready to ride a wave of shale gas. Natural gas from shale rock formations is making the U.S. and Canada among the lowest-cost producers of ethylene feedstock in the world — and that status could lead to almost 15 billion pounds of new cost-advantaged PE capacity being added in the region between 2012 and 2017.

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