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April 10, 2009
IT expenditures at U.S. chemical companies are expected to increase about 4.3% this year, to $6.2 billion, according to a recent study by Manufacturing Insights, a unit of IDC...
April 10, 2009
Legislation aimed at reducing greenhouse gas (GHG) emissions, including cap-and-trade programs, is expected to significantly increase demand for carbon management software and related...
April 10, 2009
Uhde Services says it will install Honeywell’s Experion Process Knowledge System automation technology at Abu Qir Fertilizers and Chemical Industries’ (Abu Qir, Egypt)...
April 3, 2009
The economic turmoil has brought about a dramatic shift in senior management’s business challenges as cutting and managing costs, frequently with huge layoffs, have become top...
April 3, 2009
The chemical industry needs to expand its base of bio-scientists if it is to grow beyond a petroleum-feedstock base to that of sustainable bio-feedstocks, say industry executives...
March 23, 2009
European petrochemical producers are still reeling from a tumultuous fourth quarter of 2008, when demand fell dramatically. Profitability strengthened at the end of the fourth quarter...
March 22, 2009
Chemical shippers say the transportation sector has delivered some ups and downs so far this year and that prospects for the rest of 2009 are not much different. Lower chemical volumes...
March 22, 2009

The global economic downturn is putting pressure on the petrochemical industry as demand and operating rates continue to decline and capacity starts up in Asia and the Mideast. Producers will struggle to find a balance between surging supply and diminishing demand, analysts say.


March 20, 2009
Six months ago the price of sweet crude oil hit $147/barrel and not long before that some analysts predicted it could go as high as $200/bbl. The situation prompted some chemical...
March 10, 2009
Most industrial gases firms posted 2008 earnings and revenues increases despite lower volumes in certain end markets. Major players expect that demand will continue in energy and...
March 6, 2009
The global economic turmoil has created a chilly environment for industry M&A this year as companies remain pinned down by frozen credit markets. The slowdown in the economy and in...
February 23, 2009
The Solution to Petchem Volatility? The volatility of oil-based petrochemical prices, which constrained margins and crippled industry earnings last year, forced chemical producers to...
February 9, 2009
Some chemical companies say it is more profitable and environmentally beneficial to design and produce chemicals that may be readily recovered as raw materials once a product’s...
February 9, 2009
The Dutch government and the state of California have each started putting plans in place to adopt cradle-to-cradle (C2C) systems. In the Netherlands, the government requires that...
February 9, 2009
Slow Demand, Poor Economy Forces Suppliers to Restructure The financial woes that have plagued papermakers in recent years are expected to continue at least for the near future as...
January 23, 2009
A growing major challenge facing oleochemical suppliers is competition with biodiesel manufacturers that use some of the same raw materials, including tallow, in their refineries. The...
January 23, 2009
Several formulators are focusing on reducing their environmental footprint over the entire life cycle of their product. JohnsonDiversey (Sturtevant, WI) and SC Johnson (Racine, WI)...
January 23, 2009
The slowing economy threatens to pull the plug on growth in the soap and detergent market and move consumer buying patterns toward less costly products. Suppliers say a combination of...
January 16, 2009
The pharmaceutical industry is going through a period of transition with many major drug companies restructuring to cut costs. Fine chemicals and contract manufacturing service...
January 14, 2009
All Eyes on Washington’s Next Move There are a host of challenges that lie ahead which will have an impact on transportation safety and security initiatives, especially in the...
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