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Chemical Industry Weekly News Round-Up, May 18

3:51 PM MDT | May 18, 2012 | 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...

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