Finding new markets and operating more efficiently requires a culture where employees constantly look for ways the business could be better, writes George Westerman. "Leaders who want their organizations to continuously transform must not only look for dissatisfaction on which to capitalize, but also be willing to cultivate dissatisfaction in their employees," he writes.
The Environmental Protection Agency's proposed fees in fiscal 2019 under the Toxic Substances Control Act would not charge additionally for submissions that include confidential business information. Proposed fees include $10,000 for a test order, $16,000 each for significant new use and pre-manufacture notices, and $4,700 for low-volume exemptions.
Akzo Nobel, Air Liquide, Enerkem and the Port of Rotterdam have signed preliminary documents supporting the construction of a waste-to-methanol plant in the Netherlands. If the project moves forward, Akzo Nobel would supply the site with hydrogen and buy methanol from it.
Every work culture has its pros and cons, so if yours is experiencing too much stress from competitiveness, it may be time to borrow concepts from a collaborative culture, writes Jesse Lyn Stoner. When red tape and dullness inhibit performance in a bureaucratic workplace, adopt approaches from startups, such as allowing more individual initiative, she writes.
The US has more than 300 planned chemical projects costing a combined $185 billion, according to the American Chemistry Council. Industry members and congressional Republicans have questioned whether the current permitting process under the Clean Air Act is too complicated and potentially discouraging to development.
The federal Chemical Facility Anti-Terrorism Standards could be improved by, among other things, a review of the chemicals that lead to a CFATS listing and better alignment with industrial safety efforts, witnesses said at a House hearing Thursday. A lapse in CFATS authorization "would be highly disruptive to the industry and to the regulatory community," said Pete Mutschler of CHS.
FMC intends to separate its lithium business to focus on its core agricultural segment, which generated $2.5 billion in revenue last year. The spinoff would be finished in early 2019, said Chief Financial Officer Paul Graves.
LyondellBasell's bid to buy A. Schulman is the latest sign that natural gas prices and other factors have contributed to the chemical industry's strong position and growth in the US, writes David Blackmon. The chemical industry has gone "from one where U.S.-based companies were fleeing to invest billions in capital dollars overseas to one in which companies based overseas are competing with U.S.-based firms to invest in new plant and equipment in the United States," he writes.
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