Chemicals
Top stories summarized by our editors
4/22/2019

Leaders can avoid the overconfidence trap by surrounding themselves with people who will give them honest feedback and being willing to question their own assumptions, says John Baldoni in this blog post and video. "Overconfidence may be part of management today but savvy managers are those who keep it in check," he says.

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SmartBrief/Leadership
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John Baldoni
4/22/2019

Huntsman invited students from school districts in the Port Neches, Texas, area to its Environmental Education Center on Thursday to learn about the company and its role in the local environment. "It's neat to see how a chemical plant is a very important piece in the community," says Site Director Chad Anderson.

4/22/2019

The Environmental Protection Agency has until mid-July to decide whether it will ban the use of pesticide chlorpyrifos in the US, the US Court of Appeals for the 9th Circuit ruled on Friday. The agency previously said that science connecting the substance to developmental delays in children "was unresolved."

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The Hill
4/22/2019

Wacker Chemie is looking for opportunities to expand its Biosolutions unit, noting the segment surpassed $250 million in sales in 2018. "We have not set an upper limit for our Biosolutions activities, but we intend to increase the business significantly," says President and CEO Rudolf Staudigl.

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BioSolutions, Rudolf Staudigl
4/22/2019

As Saudi Aramco is acquiring a 70% stake in SABIC, the pair will develop a joint team to explore opportunities for growth, says SABIC. "We need to go through a discovery phase to see what exactly are the synergies that will materialize and how we can bring them efficiently and commercially into SABIC," it says.

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Saudi Aramco, SABIC
4/19/2019

The US-Mexico-Canada Agreement will add 0.35% to the US economy, according to the International Trade Commission. The independent federal agency said the deal will create 176,000 jobs in the US six years after becoming legally binding.

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The Associated Press
4/19/2019

Olin has leased a 54,080-square-foot facility in Houston and will relocate its current office in the area to the site. "Houston's business-friendly environment as well its well-trained and educated labor market are important to our continued growth," says executive John Sampson.

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Olin, John Sampson
4/19/2019

Reliance Industries reported about $1.49 billion in profit in the fiscal first quarter. The company says its outlook for chemicals and refinery products remains stable.

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Reuters
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Reliance Industries
4/19/2019

Adjusted sales were up across all of Honeywell's business segments in the first quarter of 2019. The company has $14 billion in cash for investments this year and is interested in bolt-on mergers and acquisitions, says Chief Financial Officer Greg Lewis.

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Reuters
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Honeywell
4/18/2019

The American Cleaning Institute "looks forward to providing additional data" to the Food and Drug Administration to ensure the agency has "complete and up-to-date information" on key ingredients used in beneficial hand sanitizer products, according to an ACI statement. The FDA has issued a final rule governing sanitizer ingredients, with the agency's Janet Woodcock saying, "We believe industry has made good progress toward providing data."