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- Lawmakers call for changes in permit-distribution plan under climate bill
Sen. Tom Harkin, D-Iowa, and other key lawmakers called on Senate Democrats to revise the allocation process for carbon permits in the climate bill. They say that utilities that rely heavily on coal need more protection. The current proposal does not distribute permits fairly, the senators added, and this may lead to increased power prices for ratepayers in coal-dependent regions. Reuters
(11/12)
     
| Industry News | | |
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- Analyst: Global market for chemical M&A is poised for 2010 recovery
Mergers and acquisitions in the global chemical market are expected to pick up next year as economies stabilize and access to credit improves, said Peter Young, president of investment bank Young & Partners. During the first three quarters of 2009, the chemical sector concluded $22.7 billion of deals worth $25 million or more, compared with full-year 2008's total of $40 billion, but a positive indication is the increasing number of deals worth more than $25 million. "This is a small sign that market volume is improving," Young said. ICIS News (U.K.)
(11/12)
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Akzo Nobel buys Dow's recently acquired paint unit: Akzo Nobel, the world's largest paint company, confirmed Thursday that it would acquire the Dow Chemical-owned Rohm & Haas powder-coatings business for an undisclosed price. Akzo Nobel will gain new technologies in the automotive and architectural paint segments. "This is a strategic acquisition which will enable us to further penetrate key industrial coatings segments," said Leif Darner, Akzo's performance coatings director. Reuters
(11/12)
- Tech exhibit highlights Dow Chemical's transformation
At Dow Chemical's technological-innovation exhibit in New York City, more than 25 business partners touted how their partnership with the chemical major spurred products that meet major global needs. "Dow of today has all of the elements in place to do what we have to do," said Dow CEO Andrew Liveris while boasting of breakthrough products such as solar shingles, lithium-ion polymer batteries and diesel particulate filters. Midland Daily News (Mich.)
(11/12)
- A Schulam to produce PP composites for Ford cars
U.S. chemical compounder A Schulman agreed to a deal with Ford to help manufacture car storage bins made of polypropylene and wheat straw. The product, AgriPlas, will be 10% lighter than plastic and is intended for use in electric cars such as Ford's Flex crossover to reduce their weight. ICIS News (U.K.)
(11/12)
- Sustainable bioplastics will see boost in demand, study says
Demand for bioplastics will increase to 900,000 metric tons in 2013 as prices of fossil fuels rise, according to a report from Freedonia Group. A primary demand driver, however, is the need for nonbiodegradable bioplastics, eyed as a possible alternative to conventional plastic bags. The report indicates that global demand for bioplastics grew more than 15% each year from 2003 to 2008, and it is expected to grow 35.1% annually from this year through 2013. PlasticsToday.com
(11/12)
| Public Health & Environment | | |
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- Senator wants to ban BPA in children's food containers
Sen. Charles Schumer, D-N.Y., has introduced a bill that seeks to ban the production of bisphenol A food containers for children 3 and younger. "Some of the most vulnerable people at risk from ingesting the chemical are kids," Schumer said. The bill tasks the U.S. Consumer Product Safety Commission to conduct tests, with violators facing civil and criminal charges. Times Union (Albany, N.Y.)
(11/13)
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ACC welcomes new member
The American Chemistry Council welcomes new member Cabot, as well as Groendyke Transport as a Responsible Care Partner Company. Read statement.
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