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Chemical Industry Weekly News Round-Up, May 18

3:51 PM MDT | May 18, 2012 | By VINCENT VALK

This Week on CW:
 
At APIC 2012 in Kuala Lumpur, speakers and attendees discussed the positive outlook for Asia’s petrochemicals sector, calling it a bright spot in an uncertain world.
 
Mitsubishi Chemical and Sumitomo have reported massive profit declines, due to declining demand and a deteriorating business environment.
 
Albemarle says it is exiting the phosphorous flame retardants business, and shutting down related capacity in the U.K. and China.
 
Around the Web:
 
The U.S. House is advancing several measures to increase drilling for oil and gas on federal properties, UPI reports.
 
Ratings agency Fitch says that the U.S. shale gas boom is a threat to European chemical makers, in Reuters.













 
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