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Chemical Industry Weekly News Round-Up, Oct. 7
October 7, 2011 | By VINCENT VALK
This Week on CW:
At EPCA 2011 this week in Berlin, attendees discussed a fall in petrochemical demand, though they said 2011 is still expected to be a good year for the industry. Nevertheless, capital spending projects and M&A in petrochemicals are expected to continue.
At Dow Chemical investor day in New York, the company said it expects to meet its financial targets first set in 2009, and expressed optimism about shale gas.
Monsanto’s seasonal loss narrowed during its fiscal fourth-quarter, beating analysts’ estimates.
Israeli chemist Daniel Shectman has won the 2011 Nobel Price in Chemistry for his 1982 discovery of quasicrystals, which are regular atomic patterns that don’t repeat themselves.
DuPont has started up a $500-million Kevlar plant in South Carolina as part of a wide-ranging project that will increase global Kevlar capacity by 25%.
Around the Web:
Greek officials have conceded that the country’s deficit will be above its original target next year, reports the Associated Press.
DuPont CEO Ellen Kullman says that the U.S. needs more scientists, in Fortune.
The Wall Street Journal has a good interview with business writer Michael Lewis about his new book Boomerang. Suffice to say, he's not an optimist: