The Environmental Protection Agency expects to propose changes to an Obama-era risk management plan by January 2019, per its fall agenda released Wednesday. The agency says the changes will save companies $88 million annually.
The American Chemistry Council continues to support the Environmental Protection Agency's proposed regulation on the use of science in rule-making, with the final rule due out January 2020. "EPA's proposed rule is an important step toward ensuring the science the agency relies on in decision-making is transparent and accessible, and we look forward to continuing our work with the agency to help ensure it can reach that goal," says ACC spokesman Jonathan Corley.
The Food and Drug Administration's CLARITY Core report found that bisphenol A is safe -- an outcome that eliminates uncertainty regarding BPA safety and is well worth the $30 million price tag, writes the American Chemistry Council's Steven Hentges.
PPG Industries posted a 1.1% year-over-year revenue increase to $3.82 billion in its fiscal third quarter, despite a 7.1% increase in material costs. CEO Michael McGarry says the company will continue to lift prices throughout 2019.
Solvay shared three new grades of its Ryton polyphenylene sulfide resin and its Technyl and Technyl star nylon 6/6 products at Fakuma 2018. BASF is in the process of acquiring Solvay's nylon assets, with the deal expected to close early next year.
Sasol has arranged a 75% advance for a chemical complex under development in Lake Charles, La. It says the project's capital costs are expected to remain within the predicted $11.13 billion.
Merck will begin centrally allocating funds for performance materials research and development as it aims to cut the segment's product-to-market time from five or more years to a range of one to three years, Chief Financial Officer Marcus Kuhnert says. Performance materials' second-quarter sales were down 4.2%.
Electric and autonomous vehicles are driving demand for polycarbonates, which Covestro expects will grow in the next five years at a compound annual rate of 4%. Philipp Polenz, a company executive, says Covestro is considering expanding polycarbonate production in China.
Many CPG companies are using artificial intelligence in growth mapping to increase revenues and growth while removing time and budgetary restraints, writes Vinit Doshi, a Periscope By McKinsey senior expert. AI and machine learning have the ability to find growth opportunities faster that humans.
Sacha Connor, director of marketing for Clorox, is leading a campaign that changes the old-school image of Pine-Sol. The need for the change was reinforced when she was turned down by two influencers who felt like Pine-Sol didn't work with their brand.
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