EBITDA of $191.0 million for the fourth quarter of 2012 increased $106.1 million compared to $84.9 million in the fourth quarter of 2011.
"We are pleased to report record annual and fourth quarter earnings benefiting from lower feedstock costs. Increased North American shale gas production resulted in lower ethane-based ethylene production costs in 2012. We believe North American shale gas production will continue to give our business a significant cost advantage over global naphtha-based ethylene producers for the foreseeable future."
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