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Business

The shale gas boom by the numbers

by Alexander H. Tullo
December 14, 2016 | A version of this story appeared in Volume 94, Issue 49

$170 billion

The amount of U.S. investment that chemical companies have announced since the beginning of the decade due to cheap shale gas, according to the American Chemistry Council. The trade group attributes 275 projects to the new gas resource.

8

The number of 180-m tankers that Ineos hopes will deliver inexpensive U.S. ethane feedstock to its ethylene plants in Scotland and Norway every month by 2020.

8.5 million metric tons

The amount of ethylene production capacity currently under construction on the U.S. Gulf Coast. About two-thirds of this capacity is set to come onstream in 2017.

1,800

The number of Olympic-sized swimming pools that 8 million metric tons of polyethylene could fill. This is the amount of new annual polyethylene capacity the consulting group IHS Markit expects to come online in the U.S. by 2020.


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