Contact: Warren Robinson (202) 306-3623
Highlights Importance of Shale Gas to Nation's Energy Future and Job Growth
David Dewhurst takes the podium to
discuss the importance of shale gas.
HOUSTON, TX (May 1, 2012)
- The American Chemistry Council (ACC),
Texas Chemical Council (TCC)
East Harris County Manufacturers Association
, and the
Greater Houston Partnership
today hosted an expert panel of political and business leaders for a roundtable policy discussion on how abundant and affordable supplies of natural gas from shale will create jobs, boost exports and increase investment in Texas.
Lieutenant Governor of Texas
joined ACC President and CEO
, TCC President and CEO Hector Rivero, and Texas business executives at the event held at the University of Houston Hilton Hotel to discuss the importance of shale gas to our nation's energy future and the growth of the Texas chemical and manufacturing industries.
Shale gas is a game changer for the chemistry industry
. Abundant and affordable supplies of natural gas are driving the chemistry industry's growth and dramatically improving our competitiveness globally," Dooley said. "We now have a huge price advantage over our foreign competitors. That's good news not just for the chemistry industry. Our competitive edge is revitalizing American manufacturing."
A recent ACC study found that an $8.5 billion capital investment in new and existing ethylene production infrastructure in Texas would generate $37 billion in chemical industry revenue and $779 million in additional Texas tax revenue during operational phase. Additionally, it would create 81,000 permanent jobs in Texas, generating over $5 billion in wages for Texas workers.
"Texas remains the number one chemical producing state in the nation, driven in large part by abundant and affordable supplies of natural gas from shale. The chemical industry in Texas has created nearly 73,000 high-paying Texas manufacturing jobs and could add tens of thousands more," said Rivero. "Texas is a true leader in harnessing natural gas resources through responsible production, proving time and time again that doing so creates an environment of competitive advantage for the manufacturing industry and contributes to a robust economy throughout our state."
new location of its new ethane cracker in Texas
, evidence that the chemical industry is a growth engine that is propelling the economic rebound in Texas. Dow joins several other chemistry companies that are securing competitive advantage in the global energy markets through strategic investments.
Chemical company executives provided their perspectives on how the abundance of shale gas is benefiting their companies, transforming the Texas manufacturing sector and boosting the state's economy. Moderated by Cal Dooley, the roundtable panel included
, President and CEO of
Total Petrochemicals & Refining USA, Inc.
, Executive Vice President of
Chevron Phillips Chemical Company
, Senior Vice President, Olefins and Polyolefins (Americas), of
, President of
Ascend Performance Materials
Today's event is part of ACC's recently launched energy advocacy and awareness campaign,
From Chemistry to Energy
, which advocates for a comprehensive national energy strategy that maximizes all domestic energy resources, with a focus on robust and responsible production of domestic shale gas; improved residential, commercial and industrial energy efficiency; and expanded adoption of energy recovery programs. Each will help meet national energy security, economic and environmental goals while also creating value for the business of chemistry and creating energy solutions for a strong, secure, and sustainable future.
For more information about the
From Chemistry to Energy
campaign, please visit
. Also, join the conversation on Twitter using #Chemistry2Energy and follow campaign updates at