The US and China showed no interest in reducing trade tensions as US tariffs on $200 billion worth of Chinese goods and retaliatory Chinese tariffs on $60 billion worth of US goods took effect Monday. Economists warned that a long trade dispute would depress economic growth not only in those two countries but also across the globe.
DowDuPont will transform its Midland, Mich., site into a 2,600-acre complex where multiple companies can share resources, collaborate and build a regional industrial hub. The company will seek additional tenants for the complex, which already houses Cabot, SK Saran Americas, Trinseo and DowDuPont's three businesses, said Dow Chemical CEO Jim Fitterling.
The American Chemistry Council supports broader efforts to increase plastics recycling and is working toward the goal of reusing, recycling or recovering all plastic packaging by 2040, said ACC's Keith Christman during last week's G7 summit. Dow Chemical, BASF and others have backed the G7's nonbinding plastic waste reduction charter.
E-commerce is driving a major packaging industry shift in which materials must be efficient to ship yet attractive enough for retail displays, says Jonathan Quinn, Nova Chemicals' market development manager. "The challenge is how do you do one without sacrificing the other," says Quinn.
Solvay is expected to appoint a new CEO within the next few weeks. The Belgian company predicts that profits will likely continue to expand through 2021 due to strong performance in its advanced plastics and chemicals segments.
Dow Chemical is working to create a closed loop for plastics in which materials are recycled, converted to energy via pyrolysis and then used as a new plastics feedstock, says company executive Jeff Wooster. In 2014, Dow teamed up with Reynolds Consumer Products on a pyrolysis pilot project in Citrus Heights, Calif., and has since collected over 150 metric tons of plastic.
New materials being developed for the circular economy have to be affordable and able to outshine traditional options in terms of performance and their environmental origins, says DuPont executive Michael Saltzberg. "We're trying to come up with ... a material that is at a price point that it can be broadly applicable," he says.
A multilateral trade approach would protect the American chemical industry's growth and be more effective than a tariff-based approach, writes Thomas Duesterberg, a Hudson Institute senior fellow. "The current path of U.S. trade policy risks serious harm to a bedrock U.S. manufacturing sector that has a historic opportunity for growth," he writes.
The American Chemistry Council and other groups criticized a report warning against foam insulation products containing halogenated flame retardants. "Simply identifying chemicals by potential hazard offers an incomplete picture of both the ingredient and the product itself and misses important factors needed to accurately account for safe use of chemicals in building products," ACC said.
The Environmental Protection Agency has issued a proposed rule repealing a 2016 regulation that sought to phase out hydrofluorocarbons in household appliances. The EPA said the 2016 rule, which has been challenged in court, "exceeded its statutory authority."
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