Global Plastics Summit: The multiplier effect of shale gas

Chicago - Looking beyond terms such as 'renaissance' and 'revolution,' plastic packaging producers believe the industry is in prime position to size a big opportunity due to a shale gas advantage.

"One clear benefit is the addition of numerous jobs," Dow Chemical's Greg Jozwiak, commercial VP for North America packaging, said at the inaugural joint SPI/IHS Global Plastics Summit in Chicago.

For instance, a 1% growth in PE requires 28 plastic processing lines. He said 4.5% PE growth would equate to 770 KT lb of resin processed at a convertor, which can create 1400 new direct line jobs.

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