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April 1, 2013
Chemical makers are sharpening focus on the business of sustainability and placing it at the center of growth strategies. For many, the practice of sustainability is already generating huge benefits in efficiency and profits. Providing for the energy, water, food, housing, mobility, and hygiene needs of a growing population—all while mitigating climate change and dwindling resources—is creating large market opportunities.
Producers say their companies are uniquely positioned to help solve looming global challenges posed by population growth, climate change, and constrained natural resources. Embedding sustainability in day-to-day operations and refocusing product portfolios and innovation on solutions to meet the needs of human development are vital to top-line growth and long-term viability, they say....
March 19, 2013Europe’s approach to shale remains cautious. The European petrochemical industry’s hopes that shale exploration and exploitation will take hold, as it is in the United States, continue to be tempered by sociopolitical pressures at the EU decision-making level....
March 19, 2013
Shale gas development has granted the US chemical industry a renewed lease on life by driving costs down, pushing margins up, and attracting a flood of capital investment....
March 12, 2013Chemical sector M&A activity slipped in 2012 as economic uncertainty and a scarcity of available quality assets dragged down volumes despite favorable market conditions. Strong...
March 6, 2013Stronger demand for transportation fuels in emerging economies continues to boost prospects for refinery catalyst makers, although concerns about the strength of global economic recovery has injected uncertainty into 2013 forecasts. As suppliers invest to build capacity to serve high-growth markets in Asia, the Mideast, and South America, opportunities to provide innovative products to address heavier crudes in North America have arisen....
February 15, 2013The active pharmaceutical ingredient (API) industry will see further growth in the near term, and Western manufacturers are making additional investments as they prepare to take...
February 11, 2013The specialty chemicals sector in India offers tremendous growth opportunities for manufacturers as a result of rising domestic demand and the untapped potential that exists in the...
January 25, 2013Alam: Detergent makers searching for value. In a difficult environment, with cost-conscious consumers, surfactant makers say that product differentiation is a critical factor in...
January 25, 2013Leading consumer product companies say offering value to customers and product innovations that go beyond reformulations are keys to expanding share in increasingly competitive...
January 25, 2013Production capacity for detergent alcohols has grown by leaps and bounds since 2007, far more quickly than demand, with the result that plant operating rates are very low. Given the...
January 25, 2013Cleaning sector priorities for 2013 include ensuring members can continue to develop innovative and sustainable solutions, while reaching out to the public with more data on cleaning...
January 18, 2013According to Pierre Brondeau, previous management and former CEO William Walter “was focused on what the company had to do … to get a healthy balance sheet” after...
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...
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