BBC Chartering November 2014 – The CP Chem project is a US $ 6bln project which was first announced in 2011, and finally approved in March 2013. According to Chevron Philips, the cracker has a footprint of the size of nearly 50 football fields, with 350 miles of piping; 1,600 miles of cable and 140,000 tons of concrete. With the shale gas revolution underway, growing supplies of natural gas liquids become available in the US and chemical companies from around the world have announced plans for a significant number of new projects to build and expand their shale advantaged capacity in the United States. In the years to come unconventional gas could provide half of US natural gas needs, compared to only 8% in 2008. Currently about 100 chemical industry investments valued at US $72bln have

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