Industry News
Chemicals
Top stories summarized by our editors
8/4/2020

Eastman Kodak will receive a $765 million federal loan to make pharmaceutical ingredients that the Food and Drug Administration considers essential for generic drugs. Kodak will have the ability to produce up to a quarter of the ingredients necessary to make generic drugs in the US, President Donald Trump said.

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The Associated Press
8/4/2020

Isopropanol supplies were tight in the first half of the year due to logistics constraints, facility closures and increased demand, but the trend won't continue in the second half of the year, writes Deniz Koray. Domestic IPA production is expanding and the industry has also been able to import the material from China, South Korea and Taiwan.

8/4/2020

Brightmark plans to procure and recycle 1.2 million tons of post-consumer plastics ranging from type 1 to type 7 every year in the US. The company is testing an advanced recycling facility in Indiana and considering additional projects in Florida, Georgia, New Jersey, New York, Pennsylvania, Louisiana and Texas.

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PlasticsToday
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Brightmark
8/3/2020

The Environmental Protection Agency will continue its deregulatory agenda, which includes the agency-wide rollout of its cost-benefit and science in rulemaking measures, if President Donald Trump is elected to serve another term, says Administrator Andrew Wheeler. "We will finalize our science transparency regulation before the end of this year, and then we will take the same approach that we are taking for our cost-benefit process...will go through each of our major statutes for science transparency, and we will complete that process by the end of 2023," he said.

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Trump
8/3/2020

Sustainability is central to Chemours' daily operations as it works to become carbon-positive by 2050, and the shift reflects the views of the chemical industry at large, says President and CEO Mark Vergnano, who also serves as American Chemistry Council Board Chairman. "These are going to be overwhelmingly important activities for the industry going forward, and they mirror our corporate responsibility commitments," he says.

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BIC Magazine
8/3/2020

Chemical Safety Board Chairperson Katherine Lemos will continue to carry out the agency's "important safety mission," despite being the CSB's sole board member, said spokeswoman Hillary Cohen on Friday. "We support the CSB having all its members and the board being adequately funded," said American Chemistry Council spokesman Scott Jensen, adding the ACC has shared its recommendation with Congress.

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Reuters
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Scott Jensen
8/3/2020

The promotion of sustainable chemistry technologies will be encouraged through the Sustainable Chemistry Research and Development Act passed by the Senate. The bill instructs federal agencies to coordinate work related to sustainable chemistry while developing strategies for its promotion by the government, and is endorsed by the American Chemistry Council and several other groups.

8/3/2020

The House of Representatives has advanced a $1.3 trillion minibus to fund the federal government in fiscal 2021. The bill would increase Energy Department funding by $2.3 billion to $41 billion, and direct $694.6 billion to the Defense Department.

8/3/2020

Ohio and Pennsylvania both have much to gain from Royal Dutch Shell's existing cracker and a site proposed by PTT Global Chemical, writes Earl Baker, a former Pennsylvania state lawmaker. The corresponding shale boom will create jobs, spur economic investment and benefit the environment by accelerating the shift toward natural gas, he writes.

8/3/2020

Trinseo reported a net loss of $128 million in the second quarter of the year, but President and CEO Frank Bozich says demand began recovering in the latter part of the period. "This gives us confidence that the worst demand impacts from COVID-19 are behind us," he says.

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Trinseo

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