The document summarizes the significant investment and growth in the US chemical industry due to increased shale gas production. It notes that $164 billion has been announced in potential investment as of April 2016, with 40% completed or underway and 55% in planning. This investment is creating a large cost advantage for the US chemical industry over other regions. It also describes the economic benefits expected from this investment and growth, including over 700,000 new permanent jobs and $301 billion in additional annual economic output by 2023.