50 U.S. natural gas chemical projects intensively launched

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On November 12, the International Energy Agency (IEA) predicted in its 2012 World Energy Outlook report that benefiting from shale gas, the United States is expected to achieve energy independence by 2035, and the competitiveness of U.S. manufacturing industry will also be greatly improved. . On November 13, the American Chemical Industry Council (ACC) stated this position and greatly appreciated this view.

The IEA predicts that the United States will benefit from a long-term, rich supply of natural gas. Because natural gas is both a heat source and a power source, it is also a raw material for the production of various consumer products. The report said that the United States increased oil and gas production, coupled with the use of energy efficiency technologies, so as to ensure that the country will achieve energy self-sufficiency by 2035 and no longer need to import from foreign countries.

The president of the American Chemical Industry Council and CEO Carl Dooley said: "The IEA report once again emphasized the revolutionary achievements made by the United States in shale gas development. It not only enabled us to use abundant and cheap natural gas, and thus to meet future energy sources. The demand has also provided a strong impetus for the development of the U.S. manufacturing industry.” Dooliy further pointed out: “In fact, before the IEA released this forecast, the analysis report of IHS Cambridge Energy Consulting Company has just completed. The company believes that The continued expansion of natural gas production in the United States, together with the reliable support of regulations and policies at the national level, can ensure that shale gas truly becomes a “game changer” for US energy security.

According to ACC, the US chemical industry has recently announced 50 new projects using natural gas. A recent ACC study found that the continuous increase in natural gas production in the United States not only injected vitality into the chemical industry, but also created 1.2 million new jobs.

The IEA report also emphasizes the importance of improving energy efficiency in stimulating economic growth and reducing energy consumption. The report pointed out that improving energy efficiency will play an irreplaceable role in building energy efficiency and industrial energy conservation. A study by the ACC also showed that in the United States, energy saved by relying on chemical products and technologies is sufficient to support electricity consumption for half of the U.S. households, with a total savings of US$85 billion.

The report also details the importance of improving industrial energy efficiency. Industrial energy efficiency can be improved through combined heat and power (CHP). The energy efficiency of cogeneration is 2 times that of old-fashioned coal-fired power generation. Recently, President Barack Obama of the United States has set a goal of doubling the CHP production capacity in the United States by 2020, thereby strengthening U.S. manufacturing's ability to participate in global economic competition and extending the supply period of U.S. natural gas.

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