A water pipeline infrastructure bidding process that allows for open competition could save American cities billions of dollars over the next decade, according to a report by the US Conference of Mayors. The report estimates the change would save $20.5 billion and $22.3 billion for drinking water and stormwater piping, respectively.
Akzo Nobel reported an adjusted operating profit of about $280 million on sales of $2.68 billion in the third quarter. Akzo rejected a $30 billion takeover bid from PPG Industries in 2017 and is working to deliver shareholders a cost savings of $230.4 million by 2020.
The American Chemical Society has unveiled the winners of its 2018 Green Chemistry Challenge Awards, which include DowDuPont's Corteva Agriscience, Merck and several other firms. The Environmental Protection Agency wasn't able to participate in the 2018 award cycle, a spokesperson said, but it may re-enter the process in 2019.
Canadian firm Plastic Bank has developed a system that uses blockchain technology to pay people in cryptocurrency for collecting recyclables, potentially increasing plastic recycling in developing nations. The tool has already been applied at some 40 recycling sites in Haiti.
Linde and Praxair submitted a remedy package to the Federal Trade Commission, potentially clearing the way for their proposed merger. The FTC must vote on the package before an Oct. 24 deadline.
The American Chemistry Council filed comments with the Environmental Protection Agency asking it to improve "historical operability issues" with its Chemical Data Reporting rule online tool. The EPA should also adjust the rule's burden cost calculations to account for the industry's actual compliance time, ACC said.
Clariant shareholders during a meeting today approved former CEO Hariolf Kottmann to serve as chairman, while Ernesto Occhiello took over as his successor. Shareholders also elected four SABIC representatives to Clariant's board.
PolyOne today is inaugurating a new production line and tech facility in Pune, India, that will produce thermoplastic elastomers. Meanwhile, at Fakuma 2018, the company unveiled a new line of colored polymers dubbed Shades of Nature.
Lanxess is presenting several new electric vehicle market materials at Fakuma 2018, including new nylon 6, nylon 6/6 and polybutylene terephthalate compounds. "Our materials offer improved thermal conductivity properties and increase safety," says marketing executive Jan Bender.
President Donald Trump says that more tariffs on Chinese imports might be imposed if China doesn't negotiate "a fair deal" with the US but that he does not want to send the Chinese economy into a depression. He calls China a "bigger problem" than Russia regarding foreign meddling in the 2016 US election.