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Chemical Industry Weekly News Round-Up, June 8

3:28 PM MDT | June 8, 2012 | By VINCENT VALK

This Week on CW:
 
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.
 
Around the Web:
 
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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