Chemical Industry Weekly News Round-Up, October 1
3:21 PM MDT | October 1, 2010 | By VINCENT VALK
This Week on CW:
European regulatory authorities have decided not to revise standards for bisephenol-A (BPA) intake. An advisory panel to the European Food Safety Authority (EFSA) found available data "do not provide any convincing evidence of neurobehavioral toxicity of BPA."
ACC's third-quarter outlook was somewhat pessimistic. The "recovery has waned," the group noted, as it revised its forecast 2010 U.S. chemicals output downward.
Omnova, which recently announced plans to acquire Eliokem, saw a big fall in earnings, to 8 cts/share, or $3.5 million.
AkzoNobel is targeting revenues of $27 billion per year at some point, though the target date and growth rate have not been disclosed. The growth will be driven by China, India and Brazil, the company says.
AZ Electronic Materials, currently owned by private equity, is planning a $400 million IPO on the London Stock Exchange.
Around the Web:
The E.U.'s cap-and-trade system has not given enough of a price signal to spur investment, Bloomberg reports.
The New York Times takes a look at how the Republican Party has managed to make 'cap-and-trade' a forbidden phrase in the U.S.
The Times also has a piece considering "the world's first zero-carbon city," now being built near Abu Dhabi.
Finally, a video on the upcoming UN climate talks in Cancun: