Newequipment 6940 Factory Sun Smoke
Newequipment 6940 Factory Sun Smoke
Newequipment 6940 Factory Sun Smoke
Newequipment 6940 Factory Sun Smoke
Newequipment 6940 Factory Sun Smoke

Chemical-Plant Investments Drive U.S. Manufacturing Surge: Chart

June 21, 2016
Exxon Mobil Corp. and Dow Chemical Co. are among the chemical companies who spent a record $42 billion on plant construction last year. That's more than half of total that U.S. manufacturers invested.
Exxon Mobil Corp. and Dow Chemical Co. are among the chemical companies who spent a record $42 billion on plant construction last year. That's more than half of total that U.S. manufacturers invested.

Chemical makers spent a record $42 billion on plant construction last year, more than half of what all U.S. manufacturers invested. Exxon Mobil Corp. and Dow Chemical Co. are among those leading the way, building new facilities near the Gulf of Mexico to convert natural-gas liquids into ethylene and then into plastics. The U.S. is among the least-expensive places to manufacture chemicals as fracking produces abundant gas, a key feedstock.

(Photo by Christopher Furlong/ Bloomberg News)