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ACC: Plentiful natural gas creates advantages for US chemical industry

By: Michael Lauzon

WASHINGTON (Dec. 11, 12:30 p.m. ET) — The United States has become the world's lowest-cost producer of of natural gas, thanks to extensive shale gas deposits. As a result, chemical and related industries have announced plans to invest $45 billion in projects in the next several years, according to Cal Dooley, president and CEO of the American Chemistry Council.

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