Sasol's Louisiana ethylene project is an example of how the company is shifting its focus to chemicals, said co-CEOs Steve Cornell and Bongani Nqwababa. "We've got a great base here in our fuels business, and we're going to continue to grow that, but globally, you've got more opportunity on the chemicals side," Cornell said.
Henkel is expanding in the North American market with the purchase of Canadian-based JemPak, which makes and distributes store-brand laundry and dish cleaning products. The deal is estimated at $92 million.
Grocers are increasingly developing private label products instead of stocking their shelves with generic products, writes Matt Sargent, senior vice president at Magid, which works with retailers on private label brands. The trend is driven by cost control, the need for grocers to compete with e-commerce firms and the increase in options available to consumers.
AkzoNobel began using a 4D accounting process at its Brazil bleaching chemical operations plant and determined where the company was doing well and where improvements could be made. For example, "social risk can be reduced by developing a more formal procedure for engaging with local communities," said Emma Ringstrom, sustainability manager for pulp and performance chemicals.
Novozymes, which makes enzymes used in household, bioenergy and food products, is using the UN Sustainable Development Goals as a guide when growing its business. The company is focusing on zero hunger, quality education, climate action, partnerships and clean water and sanitation.
Solvay has opened a solar farm in Jasper County, S.C.,
that is as big as 500 soccer fields and is the largest solar farm in the state. "This agreement is part of Solvay's plans to expand its renewable energy sources to reduce our own greenhouse gas intensity as well as those of our customers," said CEO Jean-Pierre Clamadieu.
Don't Wait to Register for ACI Mid-Year Meeting: June 18-20
ACI's 2018 Mid-Year Meeting is just a month away! Business leaders and policy experts from ACI member companies will gather at our office in Washington, D.C. June 18-20. Register today to reserve your spot as ACI's standing committees gather to tackle the major issues facing the cleaning product supply chain. Don't miss our scheduled evening networking events, including a cruise on the Potomac River. Visit ACI's website today to find more details and to register for the 2018 Mid-Year Meeting. For questions, contact ACI's Meetings Department.