An underground ethane storage hub in Appalachia could create 100,000 permanent jobs by 2025 and nearly $36 billion in chemicals and plastics investment, according to the American Chemistry Council. "We've got a competitive advantage globally, and the nice thing about the Appalachia region is that it's close to the manufacturing center of the US, including the auto sector and the upper Midwest," said ACC President and CEO Cal Dooley.
The Trump administration is expected to release its official budget proposal for fiscal 2018 on Tuesday. A leaked document suggests a roughly 30% funding cut for the Environmental Protection Agency that includes funding reductions for the Office of Science and Technology, Superfund sites and certain state grants.
Huntsman and Clariant have agreed to an all-stock deal that will create a combined company called HuntsmanClariant. Clariant shareholders would receive 52% of the entity, with Huntsman CEO Peter Huntsman as chief executive and Clariant chief Hariolf Kottmann as chairman.
Dow Chemical's success can be credited to a three-pronged strategy: aggressively divesting low-performing businesses, embracing customer-focused R&D and investing in facilities that ultimately lower costs, according to this analysis in The Economist.
Deals announced over the weekend included the latest development in the partnership between Saudi Basic Industries Corp. and ExxonMobil, as well as deals by Saudi Aramco with 11 US companies. The Exxon-SABIC partnership includes $20 billion worth of chemical expansion along the US Gulf Coast.
Updating and improving US natural gas policies would provide businesses with low-cost electricity while stimulating economic growth through investments in steel, chemicals and other industries, writes Dave McCurdy, president and CEO of the American Gas Association.
"While many businesses have suffered the effects of globalization and automation, industries that rely on natural gas either as a feedstock or to fuel their factories have been a bright spot in our economy," he writes.
The World Plastics Council has expressed support for the Asia-Pacific Economic Cooperation's stance on combating marine waste through government collection and is calling on Chinese business leaders to do the same. "We believe that establishing a regionally strong and credible approach in the Asia Pacific region will be a good defense against the more problematic proposals of the United Nations," said American Chemistry Council Vice President of Plastics Steve Russell.
Dow Chemical and DuPont's planned $130 billion merger is on track and will likely close between Aug. 1 and Sept. 1, according to the companies. They said they are working with regulators in the rest of the relevant jurisdictions to get clearances for the merger.
Resiliency is a key quality of individuals and organizations, crucial to dealing with the "uncertainty and ambiguity" that mark today's business environment, writes LaRae Quy. She draws on her FBI experience to describe key characteristics of resilient people, including the difference between chasing happiness and finding joy.
Specialty chemical manufacturers, such as Dow Chemical and Evonik, have had success increasing sales and building long-term contracts with customers by showing clients how a specific product is a solution to a challenge faced by their company. "Open and honest exchange remains one of the keys to success," said Dow, noting that "we need the communication with our partners during the identification of opportunities and during the effort to deliver new solutions."
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