November 2011

Trends and Resources

HP Impact: Shale gas boom helpful to North American chemical producers

The US shale gas exploration and production boom continues to fuel significant cost advantages for North American commodity chemicals producers as relative costs of natural gas and oil-based feedstock..

Thinnes, Billy, Hydrocarbon Processing Staff

The US shale gas exploration and production boom continues to fuel significant cost advantages for North American commodity chemicals producers as relative costs of natural gas and oil-based feedstocks remain far apart, according to a new report from credit-watch firm Fitch Ratings. Fitch said it sees the increased availability of cheap natural gas liquids (NGL) feedstocks as a critical factor supporting the competitive position of North American commodity chemicals firms by pushing them down the cost curve versus global competitors. Innovation in drilling technology, including widespread use of horizontal drilling and hydraulic fracturing has sharply boosted liquids supply from unconventio

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