Thursday, August 30, 2012

From the American Chemical Council


Chemical industry awaits regulatory impact of presidential election
The chemical industry could see differences in chemical regulation and federal support of science education, research and innovation depending on who wins the presidential race this fall. "The Obama administration is recognizing the need to prioritize chemicals for review," said American Chemistry Council spokesman Scott Jensen. However, "[w]e are trying to avoid a regulatory system that wouldn't be workable," Jensen added.

Report: Shale boom will bring chemical manufacturing back from abroad
The shale gas boom is going to help the U.S. manufacturing sector take back offshored production as low natural gas prices provide a domestic cost advantage, said A.J. Scamuffa, a chemicals analyst with PricewaterhouseCoopers. "We're seeing a shift in offshore chemical manufacturing back to the U.S.," he said. More than $15 billion has been committed to existing and new chemical facilities, and "we are hopeful that the lower cost of feedstock will translate into lower costs for everyday goods and consumer durables," according to a PwC report.

Isaac now a tropical storm as chemical facilities remain on guard
Hurricane Isaac weakened to a tropical storm Wednesday while delivering heavy rains to Louisiana and other parts of the U.S. Gulf Coast. Many of the region's petrochemical facilities were offline or in reduced capacity as of Wednesday.

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