Chemical Industry Weekly News Round-Up, November 19
1:15 PM MST | November 19, 2010 | By VINCENT VALK
This Week on CW:
BHP Billton has withdrawn its bid for PotashCorp in the face of opposition from Canadian regulators. Talks to sweeten the deal, which must provide a "net benefit" to Canada under that country's laws, broke down this week.
ACC has announced its 2011 legislative agenda. It will focus TSCA overhaul, postponing greenhouse gas regulation, and boiler rules.
Indian Oil is investing $17.7 billion to build out its petrochemicals business. The business, which is currently less than 2% of the company's revenue, is forecast to be 15% of revenue by 2022.
Bayer is cutting about 4,500 jobs, and creating about 2,500 new ones, in a vast restructuring effort to support R&D and growth in emerging markets.
Arkema is investing $110 million to build out acrylics capacity at two plants in the United States.
Around the Web:
A lot of businesses are complaining about "regulatory uncertainty." A piece in the Atlantic considers some perspectives on whether this is real problem or an economic bogeyman.
Los Angeles County, the most populous county in the U.S. has passed a plastic bag ban, which industry may challenge in court, in Plastics News.
The Chicago Climate Exchange – an emissions-trading program in the U.S. – is shutting down due to "lack of legislative interest," CNN Money reports.
DSM is looking to make acquisitions in personal care, CEO Feike Sijbesma said in a recent interview, in Bloomberg.