According to Cal Dooley, President and Chief Executive Officer of the American Chemistry Council (ACC) the United States’ Cal Dooley, President and Chief Executive Officer of the American Chemistry Council (ACC), the United States’ petrochemical industry is “a gold-star performer,” “We’re doing more than any other sector of our economy to create more economic opportunity and more jobs than anyone else is doing, and we’re also poised to see a significant increase in a positive trade balance — a trade surplus.”
Quoting statistics cited by U.S. Secretary of Commerce, Wilbur Ross, Dooley noted that in 2016 and 2017, the chemical industry accounted to 48 and 49 percent of all investment in manufacturing in the United States. “That’s astounding, and a tremendous good news story that we have to tell,” he continued, addressing delegates at the World Petroleum Conference 2018 by IHS Markit. “It’s all because of some of the advancements and the technology on hydraulic fracturing. At ACC, every time we have a big gathering, we always end it with a toast to shale gas, because it is what has fundamentally changed the fortunes of our industry.”
Chet M. Thompson, President and Chief Executive Officer for American Fuel and Petrochemical Manufacturers (AFPM) joined Dooley in the session titled “Outlook for Regulatory Framework and Impact on Chemicals.” Mark Eramo, Vice President, Global Business Development, Oil, Mid-Downstream and Chemical for IHS Markit moderated the session.
Please read this article in its entirety in the June/July issue of BIC Magazine.
Chet M. Thompson, President and Chief Executive Officer for American Fuel and Petrochemical Manufacturers (left) and Cal Dooley, President and Chief Executive Officer of the American Chemistry Council the World Petroleum Conference 2018 by IHS Markit