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Chemical Industry Weekly News Round-Up, July 29
2:44 PM MDT | July 29, 2011 | By VINCENT VALK
This Week on CW:
The industry's biggest companies reported second-quarter earnings this week, and the results were mostly good. Dow, DuPont, LyondellBasell and Eastman all beat estimates. BASF, however, saw lower-than-expected earnings and sales.
DSM is calling on the industry to phase out styrene, which the U.S. now lists as a possible carcinogen.
Braskem has purchased Dow's polypropylene business for $340 million. The company, which bought Sunoco's PP business last year, is looking at further expansion in North America.
Formosa is planning to spend $1.5 billion on a new cracker in the U.S. with a shale gas based feedstock.
Around the Web:
Dow CEO Andrew Liveris says the U.S. is becoming "a bit of a laughingstock" as debt ceiling talks drag on, in CNBC.
A new study says shale gas has the potential to strengthen U.S. energy security, in The Houston Chronicle.
A massive, peer-reviewed BPA study that found the substance to be safe is being ignored by the media, argues a blogger in Forbes.