International Flavors & Fragrances' flavors and fragrance divisions saw a 6% increase in second-quarter net sales, year-over-year, hitting a combined $849.2 million. The fragrance division benefited from both sales growth and recent acquisitions.
Akzo Nobel has won support from activist investor Elliott Management for its plan to spin off its specialty chemicals unit into a separate business. Elliott has agreed to give Akzo Nobel a minimum of three months to pursue the plan.
Several environmental groups filed a lawsuit against the Environmental Protection Agency on Monday over its framework rules under Toxic Substances Control Act reform. The EPA has said the rules "clearly [define] important scientific terms to ensure transparency and confidence in the risk evaluation process."
Eastman Chemical's energy-management plan will now cover water and other natural resources, according to its latest sustainability report. The company has several 2020 targets, including reductions in greenhouse-gas intensity, volatile organic compounds and toxic release inventory emissions.
Dow Chemical has improved its water efficiency at sites in multiple countries through such tactics as innovative thinking, Dow Water membrane technology and treated wastewater. Dow Chemical has set 2025 water goals as part of its sustainability program, including reducing its waste intensity footprint by one-fifth.
ACI Members: Find Out What's New in Life Cycle Analysis
On August 23, ACI members will get a sneak peek at the latest tools in life cycle analysis from the Chemical Life Cycle Collaborative. CLiCC is an academic group based out of UC Santa Barbara whose primary objective is to develop, implement and disseminate an open-access, online tool for rapid and efficient characterization of chemical life-cycle impacts. The CLiCC tool is being developed to evaluate life-cycle impacts for chemicals and materials with the goal of predicting the chemical characteristics and environmental impacts of certain chemicals when experimental values are not available. During this webinar, which starts at 1 p.m. EST, members of the CLiCC team will introduce the project and highlight the different ways they envision the tool being useful for companies. Make sure your company signs up for free today by contacting ACI's Sustainability Office.
ACI Members: Register Today for Fall Meeting -- Sept. 12-14