The US Court of Appeals for the District of Columbia Circuit ruled Friday that the Environmental Protection Agency must implement the Obama-era Risk Management Plan rule. In May, the agency proposed a repeal of a number of the chemical plant regulation's most significant terms.
The China-US trade war and the North American Free Trade Agreement talks are creating uncertainty and counteracting the benefits of the tax code overhaul and deregulation, says American Chemistry Council Chief Economist Kevin Swift. The loss of NAFTA, he adds, would put $85 billion worth of planned chemical investments at risk.
Plastics can make powerful sustainability contributions, helping to reduce greenhouse gas emissions, waste and energy usage, says the American Chemistry Council's Keith Christman, following the release of a study showing that plastics curb solid waste generation. The ACC has introduced a tool to help quantify plastic-packaging benefits.
Plastics are safe in food packaging and offer many benefits, contrary to a Washington Post essay by Paul Thacker, writes Steve Russell of the American Chemistry Council. The piece "stoked unfounded alarm about plastic food packaging -- materials that reliably do their job of providing safety and performance benefits for consumers around the world," Russell writes.
Some businesses that rely heavily on Chinese imports have secured tariff waivers by proving their business need to the Trump administration. Mitsubishi Chemical America has secured a waiver for some materials it uses to produce electrolytes for lithium-ion batteries.
For the past eight years, chemical industry investments worth $202.4 billion have been made across 333 projects, the result of modest shale gas prices and solid inventory. American Chemistry Council data show that just under 70% of investments were either directly or indirectly sourced from overseas. "This is an exciting milestone for American chemistry and further evidence that shale gas is a powerful engine of manufacturing growth," ACC President and CEO Cal Dooley said.
A proposed joint venture between SABIC and Clariant could leverage SABIC's IT operations and Clariant's distribution network, with synergies of $104 million possible, says Clariant Chief Financial Officer Patrick Jany. The deal is projected to be approved by regulators by the end of next year.
The US and China showed no interest in reducing trade tensions as US tariffs on $200 billion worth of Chinese goods and retaliatory Chinese tariffs on $60 billion worth of US goods took effect Monday. Economists warned that a long trade dispute would depress economic growth not only in those two countries but also across the globe.
DowDuPont will transform its Midland, Mich., site into a 2,600-acre complex where multiple companies can share resources, collaborate and build a regional industrial hub. The company will seek additional tenants for the complex, which already houses Cabot, SK Saran Americas, Trinseo and DowDuPont's three businesses, said Dow Chemical CEO Jim Fitterling.
The American Chemistry Council supports broader efforts to increase plastics recycling and is working toward the goal of reusing, recycling or recovering all plastic packaging by 2040, said ACC's Keith Christman during last week's G7 summit. Dow Chemical, BASF and others have backed the G7's nonbinding plastic waste reduction charter.
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