Natural Gas Brings A Renaissance in Chemical Manufacturing and Maybe 35,000 Jobs to LA
WWL.COM -- "Louisiana could see an influx of more than 35,000 jobs due to new access to vast, new supplies of natural gas from shale deposits, which could be one of the most dramatic domestic energy developments in the last 50 years, according to American Chemistry Council. Louisiana has the second largest chemical industry in the nation, and shale gas is a critical component.
"That really provides the opportunity for what will be a renaissance in chemical manufacturing in the United States and Louisiana is uniquely positioned to capitalize on that." Cal Dooley, president and CEO of the American Chemistry Council says their economic analysis projects that in the next 5 years there will be an additional $5.4 billion in capital investments in chemical manufacturing and related services in Louisiana."