The investment reverses Dow's vocal exodus from manufacturing in the United States, said Doug May, Dow’s business president of olefins, aromatics, and alternatives, during the Kellogg Energy Conference at Northwestern University.

"We're putting $6bn here in the U.S. Gulf Coast, betting that the gas advantage maintains for us to get a suitable return on that investment, which is into the next decade," May said.

Firms like Dow are emboldened by the news that U.S. natural gas production increased by 4 percent last year, even during a glut that caused low prices that discourage new drilling.

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