FINANCIAL TIMES: Manufacturers have announced more than $90bn worth of investments in the US to take advantage of its cheap natural gas, according to new calculations, underlining how the shale revolution appears to be driving the country’s industrial renaissance.
Petrochemicals, fuel, fertiliser and steel companies are among those that have committed to or are considering multibillion dollar investments based on their ability to source cheap energy and feedstocks…
Greg Garland, chief executive of Phillips 66, the US chemicals and refining group, said the boom in the country’s shale gas and oil production was a “huge change” for the economy. “This revolution is creating great opportunities to increase manufacturing capability, and has tremendous potential for economic impact and job creation,” he said… (more)
