ACC urges congress to boost domestic natural gas production. (Markets).(American Chemistry Council urges Congress to seek ways to promote diversified sources of domestic energy)

Chemical Market Reporter, February, 2003

THE CHEMICAL industry is urging Congress to look for ways to promote abundant and diversified sources of domestic energy, including natural gas, coal, nuclear and cost-competitive renewable sources. In a letter to the chairpersons of various House and Senate energy-related committees, the American Chemistry Council (ACC) president Greg Lebedev notes that chemical manufacturers, the largest industrial consumers of natural gas in the US, have been severely affected by the steep increases in natural gas prices.

Unlike most manufacturers, chemical companies use natural gas not only as fuel, but also as a raw material to make their products. Natural gas prices are up more than 130 percent over a year ago, Mr. Lebedev says. The chemical industry has...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.