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December 20, 2012
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News for American Chemistry

Top Story 
  • U.S. chemical industry sees "fiscal cliff" as a threat
    The "fiscal cliff" is one of the common concerns among chemical industry representatives polled by KPMG. "The threat of the fiscal cliff is an obvious concern, leading many companies to focus on improving business effectiveness and maintaining a strong balance sheet," said Mike Shannon, head of chemicals and performance technologies at KPMG. Chemical Week (subscription required) (12/19) LinkedInFacebookTwitterEmail this Story
Policy Watch 
  • Study: Shale energy could sustain nearly 30,000 W.Va. jobs
    West Virginia's shale gas development could sustain almost 30,000 jobs by 2020, according to figures in a study by the Institute for 21st Century Energy, an arm of the U.S. Chamber of Commerce. The study, supported by the American Chemistry Council, also found that shale energy production could support 58,000 jobs by 2035. "The latest installment of this study allows us to quantify just how significant the impact on West Virginia's economy will be. It provides all the more reason to strongly support responsible shale energy development," said institute President and CEO Karen Harbert. The State Journal (Charleston, W.Va.) (12/19), Bloomberg Businessweek/The Associated Press (12/19) LinkedInFacebookTwitterEmail this Story
  • Analysis: Recycling, bioplastics lead positive outlook for plastic packaging
    A rise in recycling levels, the promotion of bioplastics and the increase in flexible packaging materials are among the key trends for plastic packaging in 2013. In recycling, "we're doing a good job, but not a great job. ... We have to communicate that it's something that is required and needed and work with people to make it happen," said Scott Steele, president of Plastic Technologies. For bioplastics, one-time-use packaging is a strong area, said Paul Theodore, an analyst with NanoMarkets. "More companies in the food industry are using this type of packaging, which is driving growth," Theodore said. (12/19) LinkedInFacebookTwitterEmail this Story
  • Oil, natural gas production technologies give U.S. an energy edge, Obama says
    The U.S. natural gas boom is providing the country more leeway in energy relations with the Middle East, said President Barack Obama. "The United States is going to be a net exporter of energy because of new technologies and what we're doing with natural gas and oil," Obama said, adding that he expects continued reductions in oil imports. Reuters (12/19) LinkedInFacebookTwitterEmail this Story
  • Other News
Research & Innovation 
  • Eco-innovation helps companies boost profit
    Business-model innovation is the missing link between corporate sustainability efforts and improved bottom-line performance, experts say. A study found that half of companies whose CSR efforts led them to change three or four elements of their business model saw a significant profit boost, against just 37% of companies that changed only a single element of their business model. MIT Sloan Management Review online (12/18) LinkedInFacebookTwitterEmail this Story
  • Other News
Leadership & Management 
  • Habits that can help you control your fate
    Big Think
    The world isn't predetermined, but neither is a land of chaos ruled by blind luck, says Tony Tjan, managing partner for Cue Ball Capital, in this Big Think video. The right approaches to optimistic thinking and relationship-building can help stack the odds in your favor. "You'll find yourself less contrived, you'll probably find yourself being more authentic, you'll probably feel that you have greater openness," Tjan says. SmartBrief/SmartBlog on Leadership (12/18) LinkedInFacebookTwitterEmail this Story

  • Want good ideas? Don't tell your workers they're dumb
    It's never smart to tell your workers how stupid their ideas are, Joel Garfinkle writes. You often have to trawl through many bad ideas to find a good one, and being overly critical can lead employees to give up. "Strong negativity crushes future good ideas. It stops risk-taking and leaves you with too much of the burden to carry," Garfinkle warns. SmartBrief/SmartBlog on Leadership (12/17) LinkedInFacebookTwitterEmail this Story
ACC News 
  • ACC welcomes new IHS Data showing abundant and affordable supplies of shale gas and unconventional oil provide widespread benefits for state economies
    The American Chemistry Council yesterday touted the release of an IHS Global Insight study that found state economies across the country -- not just those states producing oil and natural gas -- will reap enormous economic benefits from bountiful and inexpensive supplies of natural gas from shale.

    "The IHS study demonstrates the breadth and scope of the shale gas revolution and pinpoints the way unconventional supplies of domestically produced energy have ignited an unprecedented economic revival across America expected to last at least until 2035. Contrary to conventional wisdom, the 16 energy-producing states are not the only ones well-positioned to capitalize on the energy revolution. In 32 other states, natural gas from shale is creating jobs, driving economic growth and generating much needed revenue," said ACC President and CEO Cal Dooley.

    Read ACC's full statement. LinkedInFacebookTwitterEmail this Story
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No man for any considerable period can wear one face to himself and another to the multitude, without finally getting bewildered as to which may be the true."
--Nathaniel Hawthorne,
American author

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