The American Chemistry Council's Wrap Recycling Action Program is helping cities and states increase recycling rates for plastic film in pursuit of a goal to recycle 2 billion pounds of film by 2020. Roughly 30 municipalities have joined the initiative.
A House subcommittee hearing scheduled for today is expected to discuss Environmental Protection Agency Administrator Scott Pruitt's push to have states take a bigger role in fighting pollution and other regulatory matters. Some states are concerned about a reduced EPA role in matters such as interstate disputes.
ExxonMobil has finished building two plastics facilities at its Mont Belvieu, Texas, chemicals complex that will add 1.3 million metric tons of annual polyethylene capacity at the site.
An underground ethane storage hub in Appalachia could create 100,000 permanent jobs by 2025 and nearly $36 billion in chemicals and plastics investment, according to the American Chemistry Council. "We've got a competitive advantage globally, and the nice thing about the Appalachia region is that it's close to the manufacturing center of the US, including the auto sector and the upper Midwest," said ACC President and CEO Cal Dooley.
The Trump administration is expected to release its official budget proposal for fiscal 2018 on Tuesday. A leaked document suggests a roughly 30% funding cut for the Environmental Protection Agency that includes funding reductions for the Office of Science and Technology, Superfund sites and certain state grants.
Huntsman and Clariant have agreed to an all-stock deal that will create a combined company called HuntsmanClariant. Clariant shareholders would receive 52% of the entity, with Huntsman CEO Peter Huntsman as chief executive and Clariant chief Hariolf Kottmann as chairman.
Dow Chemical's success can be credited to a three-pronged strategy: aggressively divesting low-performing businesses, embracing customer-focused R&D and investing in facilities that ultimately lower costs, according to this analysis in The Economist.
Deals announced over the weekend included the latest development in the partnership between Saudi Basic Industries Corp. and ExxonMobil, as well as deals by Saudi Aramco with 11 US companies. The Exxon-SABIC partnership includes $20 billion worth of chemical expansion along the US Gulf Coast.
Updating and improving US natural gas policies would provide businesses with low-cost electricity while stimulating economic growth through investments in steel, chemicals and other industries, writes Dave McCurdy, president and CEO of the American Gas Association.
"While many businesses have suffered the effects of globalization and automation, industries that rely on natural gas either as a feedstock or to fuel their factories have been a bright spot in our economy," he writes.