Toray backs US shale gas boom

Japanese chemical maker Toray is planning to build a new carbon fibre and advanced materials production site in South Carolina, US. The company will invest ¥100 billion (£585 million) over the next seven years to take advantage of cheap feedstocks and energy from the US shale gas boom.

The new integrated plant will produce both raw carbon fibre products and fibre-reinforced resin composite materials for the aerospace and energy-related industries.

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