March 7, 2009
stimulus bill and Chemical industry
Chemical is the very essence of modern life and the industry could reap benefirs from the $787 billion economic-stimulus bill that President Barack Obama signed into law. Chemical products have a very long value chain and at least a tenth of projects in the bill could involve the chemistry industry, including incentives for weatherizing homes, using alternative energy and building new infrastructure projects. ACC estimates that for every $1,000 in nonresidential construction projects, such as roads or bridges, about $160 to $230 makes its way to the chemical industry. MSNBC/The Associated Press
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