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December 14, 2012
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News for American Chemistry

Top Story 
  • ACC: U.S. chemicals to expand in 2013, '14
    The U.S. natural gas boom will drive the country's chemical industry despite the weak global economy and slowing growth in the U.S., according to the American Chemistry Council's Year End 2012 Situation and Outlook report. The U.S. chemical industry is expected to post growth of 1.5% this year, followed by 1.9% and 2.3% in 2013 and 2014, respectively. "Growth is expected in plastic resins as export markets revive. Production of specialty chemicals will be driven by demand from end-use markets; most notably light vehicles and housing," said ACC chief economist Kevin Swift. ThomasNet Industrial Newsroom (12/13), Chemical Week (subscription required) (12/13) LinkedInFacebookTwitterEmail this Story
  • Read more from ACC on the importance of shale gas to continued U.S economic growth  LinkedInFacebookTwitterEmail this Story
Policy Watch 
  • Oil and gas to bring gains in manufacturing, infrastructure
    Unconventional oil and natural gas production will have three waves of economic activity in the U.S., with the upcoming second wave bringing investment in petrochemicals infrastructure and manufacturing, writes Julie Carey of Navigant Economics. "Innovative solutions will address complex problems and hundreds of billions of dollars of investments and millions of new jobs are within reach," Carey writes. Forbes (12/13) LinkedInFacebookTwitterEmail this Story
 
  • Ill. shale play could generate over 47,000 jobs, study finds
    The development of the New Albany Shale play in Illinois could generate over 47,000 jobs and up to $9 billion for the state, but further data is needed about the formation, according to a report commissioned by the Illinois Chamber of Commerce. "That high-end number seems quite reasonable to what other states have already experienced," said David Loomis, the study's author. "We feel like these are very conservative estimates of the impact that could come from shale gas," he added. SeattlePI.com/The Associated Press (12/13) LinkedInFacebookTwitterEmail this Story
  • Other News
Research & Innovation 
  • The myth of American productivity
    It's often said that American manufacturing job losses are due to the sector's productivity gains, allowing more to be made with less labor. That's not necessarily the case, writes Timothy Taylor, who cites economist Susan Houseman's interview explaining how much of the apparent productivity gains that came from the computer sector were due to computer-design improvements rather than more efficient manufacturing practices. "Add all these factors up, and the condition of U.S. manufacturing looks more ominous than the standard story of high productivity and resulting job losses," Taylor writes. Conversable Economist (12/12) LinkedInFacebookTwitterEmail this Story
  • Dow Chemical introduced 42 packaging products this year
    Dow Chemical was able to put 42 packaging products on the market in 2012 with "a focus on sustainability, collaboration and R&D," said Greg Bunker of Dow's specialty-packaging unit. "We spend a lot of time figuring out how products will be used in specific market segments, and we partner to get the most performance out of them as we can," said John Garnett of the company's performance-packaging division. PlasticsToday.com (12/13) LinkedInFacebookTwitterEmail this Story
Leadership & Management 
  • 5 reasons bosses shouldn't try to be perfect
    Perfectionism isn't a desirable trait in business leaders, writes Henna Inam. The best leaders are comfortable in their own skin and recognize, and even embrace, their flaws to develop an authentic and credible leadership style, Inam argues. "They learn to ease their desire to 'be perfect' based on some kind of external standard in favor of 'being powerful' in an authentic way," she writes. The Glass Hammer blog (12/12) LinkedInFacebookTwitterEmail this Story
  • How to harness the power of rejection
    Research suggests that people are at their most creative immediately after undergoing rejection. That suggests bosses shouldn't try to coddle workers who get things wrong, but should instead give them the chance to say, "I'll show them," says David Burkus. "[T]he key is to assign the rejected person right away to a new and important task. ... You want to let their creative juices flow," Drew Boyd writes. InnovationExcellence.com (12/12) LinkedInFacebookTwitterEmail this Story
ACC News 
  • France's decision to restrict certain uses of BPA directly contradicts scientific evidence and European regulatory approvals
    The following statement can be attributed to Steven G. Hentges, Ph.D., of the Polycarbonate/BPA Global Group of the American Chemistry Council following the French government's decision to impose restrictions on all bisphenol A-based food contact packaging:

    "The French Parliament ignored decades of scientific evidence, the European Food Safety Authority and European Union experts when the Senate voted today to restrict the use of BPA in food-contact materials. This decision is at odds with government and scientific bodies around the globe which have extensively evaluated the weight of scientific evidence on BPA and have declared that BPA is safe as used, including in materials that come into contact with food."

    Learn more about BPA. LinkedInFacebookTwitterEmail this Story
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