Chemical Industry Weekly News Round-Up, June 8

 

At ACC’s 2012 annual meeting in Colorado Springs, CO, industry leaders expressed growing concern about declining energy and chemical prices and inventory destocking.

 

Five major multinationals, including Coca-Cola, have formed a consortium to promote biobased PET research and development.

 

Reliance Industries is planning to invest $18 billion in petrochemicals, oil and gas, and retail and communication. The Indian conglomerate is aiming to be among the five largest petrochemicals producers in the world.

 

Cytec is restarting a carbon fiber manufacturing project at the company’s Piedmont, SC facility.

 

 

Judges in Pennsylvania are hearing a lawsuit brought by seven municipalities challenging a law that allows the state to direct the locations of drilling activity, the AP reports.

 

A new study says that there is a neurological basis for widespread public skepticism of science, in The New Yorker.

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