| News for American Chemistry |  |
- Eagle Ford Shale to drive Texas petrochemical industry, report says
The Texas petrochemical sector will be able to increase ethylene and finished-plastics exports by 33% by 2017 as a result of natural gas production from the Eagle Ford Shale, according to a report released by the Federal Reserve Bank of Dallas. "The value and tonnage of Texas' petrochemical exports have grown over the last decade on strong global activity. More recently, shipments have soared on cost advantages and foreign markets' relative attractiveness," economist Jesse Thompson said. Platts
(12/31)      
- Cybersecurity to remain on 2013 congressional agenda
Congress is expected this year to again try to pass a cybersecurity bill amid plans for a presidential executive order and changes in the leadership of the Senate and House homeland security committees. "I think cybersecurity is going to be the top legislative priority for the committee," said Rep. Mike McCaul, R-Texas. "I think it's important to get that buy in from stakeholders before we mark anything up." Politico Pro (subscription required)
(1/2)
- Federal government is urged to let shale benefit W.Va., U.S.
 West Virginia could have more than $25 billion in shale-related income from 2012 to 2035, according to a report by the U.S. Chamber of Commerce's Institute for 21st Century Energy. Much of that growth depends on the federal government, according to this editorial. "We must be willing to embrace this emerging industry. The vast Marcellus shale field offers not only great potential to West Virginia, but our nation as a whole," the editorial argues. Bluefield Daily Telegraph (W.Va.)
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- Dow Chemical's focus on sustainability generates savings, growth
A corporate focus on sustainability yields bottom-line savings and top-line growth through the development of new products and applications, said Neil C. Hawkins, sustainability chief at Dow Chemical. Energy efficiency has brought Dow $25.4 billion in savings since 1990, while the company's 2015 Sustainability Goals could produce more than $1 billion in additional savings, Hawkins said. "I think all companies are very focused on how to grow their top line and their bottom line, and I think virtually all companies recognize the benefits of maintaining their sustainability trend," he said. Environmental Protection
(12/31)
- Innovators have never had it so good
Economic instability isn't often good news for innovators, but there are reasons to think that things are different today, writes Michael Schrage. Sluggish markets mean investors are hungry for rapid-growth opportunities, Schrage explains. "[T]he relative paucity of returns on more traditional investments and the increasingly appeal of innovation opportunities suggest that there may never be a better time to be a charismatic entrepreneur with a scalable prototype," he writes. Harvard Business Review online/HBR Blog Network
(12/28)
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Happy New Year: Shale gas revolution propels chemical industry in 2012
2012 proved to be an outstanding year for the U.S. business of chemistry, which seized the competitive price advantages of natural gas from shale and announced more than $40 billion in U.S. chemical manufacturing investment projects. Insourcing, at least in the chemical industry, has replaced outsourcing. Late in the year, The Washington Post and the Financial Times each wrote compelling pieces attributing the expansion of the U.S. chemical and manufacturing sectors to shale gas.
Read more from ACC on the Washington Post and Financial Times pieces, and learn more on the economic benefits of natural gas for the chemical industry.
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American philanthropist
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