Texas Texas chemistry… Global Challenges, Chemistry Solutions largest

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Presentation transcript:

Texas Texas chemistry… Global Challenges, Chemistry Solutions largest American chemistry is essential to our economy and plays a vital role in helping to solve the biggest challenges facing our nation and our world by driving innovations that make our lives and our world healthier, safer, more sustainable and more productive. Unprecedented access to domestic natural gas is helping to drive a renaissance in U.S. manufacturing. Renewed competitiveness in America’s chemical industry is helping to create jobs, grow payrolls and generate new tax revenue, affirming the chemical industry’s role as the cornerstone of our country’s economic future. September 2018 At $117B, is the 2nd largest manufacturing industry in the state Makes Texas the largest chemistry producing state Provides 67,708 direct jobs and another 312,815 related jobs Texas chemistry… Generates $7.7B in payroll across 1,003 establishments Has an average wage of $113,418, 50% higher than the average manufacturing wage Generates $1.2B in state & local taxes, and $2.7B in federal taxes Invests $7.7B to build & update equipment and facilities Ships $38.3B in products to customers around the world Generates an additional 38,174 jobs in plastics & rubber products americanchemistry.com