Many oil refineries began adapting their operations to switch between products before the pandemic due to electrification in the automotive market, and those companies are now well-positioned to supply certain chemicals that are in high demand, says Mark Porter of Bain & Company. Some companies are also reformulating hand sanitizers and other goods to use low-cost ethanol or responding to climbing isopropyl alcohol costs by building new facilities.
As Indian traders resumed buying Malaysian palm oil, domestic producers urged the Indian government to hike tariffs on edible oil imports and ban imports of refined palm oil. Meanwhile, small oil palm producers in Malyasia have been hard hit by falling prices.
Clariant will ramp up production of its mild, plant-based surfactants, which the company says are in high demand as consumers seek gentler personal care products. The ingredients can be used in body wash and shampoos, among other uses.
The US Food and Drug Administration has approved a generic version of the Vascepa heart health drug based on fish oil. However, an appellate court is reviewing a March decision invalidating Amarin's patent for Vascepa, and a reversal could still block competitors.
A new study found that participants who consumed high-fat dairy products had a lower incidence of metabolic syndrome overall, and specifically hypertension and diabetes, while those consuming low-fat dairy products had a higher incidence. The data came from a study on 147,812 individuals from 21 countries and was published in BMJ Open Diabetes Research & Care.
New research found that patients with chronic obstructive pulmonary disease who had higher plasma levels of omega-3 fatty acids experienced slower emphysema progression and lower overall risk for respiratory disease. Researchers studied data from 6,573 Americans who were assessed at various points between 2000 and 2018.
A multi-institution team of researchers has received a $10 million federal grant to investigate the use of genetic engineering to adapt the oilseed plant pennycress for use in animal feed, biodiesel and jet fuel. John Sedbrook, a genetics professor at Illinois State University, said investigators have already created plants whose seeds do not fall to the ground as easily, and will work on both making pennycress seeds more nutritious and making the plant easier to cultivate.
The Environmental Protection Agency has extended the deadline for companies to self-report their responsibility to pay Toxic Substances Control Act risk assessment fees from May 27 to June 15. The EPA still expects to finish final scope documents for the next 20 high-priority substances this summer.
The BASF TOTAL Petrochemicals facility in Port Arthur, Texas, and the chemical industry as a whole has worked hard as designated essential infrastructure to protect employees while maintaining production of critical products used in personal protective equipment, hand sanitizers and other goods during the coronavirus pandemic, writes Greg Masica of BASF TOTAL Petrochemicals. The facility's proactive approach to safety has helped minimize transmission and, in total, BASF has donated more than 9,500 gallons of hand sanitizer to those in need.
Climate plays a major role in presidential candidate Joe Biden's platform and, if elected, Biden would enact an "enforcement mechanism" for greenhouse gas emissions. He would also immediately set new standards for methane emissions at existing oil and gas sites, and block the permitting of new oil and gas projects on public land, writes Jeffrey Berman of S&P Global Platts.
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