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January 11, 2013Global chemical conditions are forecast to improve this year but to remain below normal long-term growth rates as recessions in Europe and Japan as well as slower growth in China drag...
January 4, 2013Seaton: Shale boom may challenge fabrication capacity. The engineering and construction (E&C) industry will see an upsurge in work, particularly in the United States, where about...
January 4, 2013CW’s second annual ranking of engineering and construction (E&C) firms focuses on the hydrocarbon-processing and related industries, including petrochemicals, chemicals, and...
December 20, 2012The Capital Group (Los Angeles) again tops CW’s ranking of the top institutional investors in the chemical industry, this year followed by Fidelity (Boston) and private equity...
December 20, 2012
Next year will mark the beginning of a new direction for Responsible Care in the United States, with the launch of ACC’s product safety and process safety codes, says Sven Royall, v.p./global intermediates for Shell Chemicals and newly appointed chair of ACC’s Responsible Care board committee.
ACC has completed its strategic review of the Responsible Care program. Changes beginning in 2013 will help member companies better manage challenges facing the industry today, ACC officials say. Concerns about product safety have been a persistent challenge, and ACC says the new Responsible Care Product Safety Code will help industry better communicate product safety performance with customers, consumers, and regulators.
“I believe the most powerful outcome of the strategic review is the new product safety code. It embodies our commitment to the safe management of our chemical products, and requires us to voluntarily abide by our commitment, regardless of whether the US government takes actions to modernize the US Toxic Substances Control Act,” Royall says. “Instead of waiting for the government to act, we are taking affirmative action through our new product safety code to manage chemicals throughout their life cycles, working with our value chains so that chemicals can be used safely and continue to contribute to sustainable solutions, from solar energy cells to lightweight, fuel-efficient vehicles.”
Responsible Care, launched in Canada in 1985 and adopted in the United States in 1988, was part of industry’s response to several high-profile incidents and accidents—including the disastrous 1984 methyl isocyanate (MIC) leak at Bhopal, India. The nature of industry’s priorities has changed significantly since then, in part because advances in process safety have made such catastrophic accidents much rarer. Now, increased concerns about product safety top industry’s agenda and have become the next area of focus for Responsible Care. The product safety code is ACC’s response to the proliferation in the United States of product-specific bans that make it necessary for companies to constantly monitor changes to state and local laws, including decisions about product reformulation....
December 14, 2012For Socma’s ChemStewards program, increased awareness is one of the most important indicators that the program has become more established and has increased credibility, executives...
December 7, 2012
Officials at Chevron Phillips Chemical (The Woodlands, TX; CP Chem), a 50-50 joint venture between Chevron and Phillips 66, say its strategy is centered on pursuing competitive feedstocks where that pursuit enables an advantaged position in petrochemicals. For the last 10 years, that strategy meant heavy investment centered in the Mideast, where CP Chem completed several $1-billion-plus megaprojects in Qatar and Saudi Arabia. Attention now turns back to the United States because of the reemergence of a cost-advantaged position thanks to a surging supply of natural gas and natural gas-based feedstocks such as ethane....
November 16, 2012A shortage of feedstocks in the Gulf Cooperation Council (GCC) states is transforming the region’s petrochemicals industry, shifting the balance downstream toward value-added...
November 16, 2012Chemical distributors—typically fairly resilient companies—find themselves in a changing business, with shifting customer demands and new markets, even in an environment of...
November 16, 2012Chemical distribution remains a largely regional businesses. Some companies, most notably Brenntag and Univar, have strong positions on either side of the Atlantic, but no one yet...
November 9, 2012Emerging market demand for fuels, chemicals, and materials will continue to buoy global catalyst consumption, even if China’s economic slump persists, catalyst makers say. New...
October 26, 2012Latin America's prospects in chemicals have shifted due in part to the cost advantage of facilities based on the US Gulf Coast, which source shale gas-derived ethane. Investments planned for the region are being delayed as companies reassess their competitive position....
October 26, 2012Mexico, one of the fastest growing economies in Latin America, continues to see strong manufacturing growth as investments, particularly in manufacturing of high-value consumer...
October 12, 2012Global polypropylene (PP) demand growth rates are expected to decline in the next five years, producers and analysts say. PP is in oversupply and this is expected to continue, leading...
October 5, 2012The chemical industry's view of sustainability efforts has shifted from a compliance- or reputation-driven overhead cost to a core platform for technological innovation, bottom-line...
October 5, 2012Organizations worldwide now regard sustainability as a top priority for achieving business goals. Once relegated to facility-level status, sustainability initiatives now have...
September 21, 2012The global active pharmaceutical ingredient (API) industry is very competitive, and manufacturers are faced with several challenges, including pricing pressure, rising costs, and...
August 31, 2012China has been the main engine of growth for the global economy and chemical industry during the past decade. But slower economic growth in China this year is softening domestic demand...
August 31, 2012Prices of rare earths, which skyrocketed in the first half of 2011 but fell sharply in the second half of that year, will remain steady in the near term, says a recent report by China...
August 31, 2012The Chinese government announced on August 23 that the police have resolved 185,000 criminal cases in the past year as part of a crackdown on substandard food and drugs. A total of...
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