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Strategies & Market Trends : Guidance II

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From: 2MAR$

9/18/2014 10:24:00 PM

of 2077

SLCA & EMES ...U.S. Silica sees demand for sand tripling over the next five years, Reuters says

U.S. Silica sees demand for sand tripling over the next five years as energy companies utilize the material for hydraulic fracturing, Reuters reports, citing an interview with CEO Bryan Shinn. The company sees sand volumes growing 30%-35% this year, and the company is seeking to ramp up fracking sand production capacity to 14M tons by 2016, Reuters added. "(We) see a clear pathway to the volume of sand demand that's out there doubling or tripling in the next four to five years," Shinn said. Reference Link

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