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Chemical Industry Weekly News Round-Up, Sept. 30

2:58 PM MDT | September 30, 2011 | By VINCENT VALK

This Week on CW:
 
Cefic has revised its forecast for EU chemicals production growth downards, to 2.5%. Third-quarter growth is expected to fall “markedly,” though temporarily, Cefic says.
 
Early third-quarter earnings were mixed. Mosaic’s profit rose 77%, but the company misses estimates by 10 cts/share. Meanwhile, Omnova’s adjusted income fell 40%, though the company beat estimates by 9 cts/share.
 
A U.S. district court has denied EPA’s motion to stop environmental groups from challenging the agency’s delay of new boiler MACT standards.
 
LyondellBasell has decided to close a 105,000 bbl/day refinery in Beere, France after failing to find a buyer for the facility. Workes at the plant have chosen to strike.
 
Around the Web:
 
The Economist warns that we should “be afraid” until political leaders opt to do something about the global economy.
 
A new paper by the Economic Policy Institute calls regulatory uncertainty a “phony explanation” for the U.S.’s job woes.













 
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