| News for American Chemistry |  |
- Shell plant a priority for Pa., governor says
Pennsylvania Gov. Tom Corbett reiterated his support for tax incentives for natural gas firms and consistent permitting procedures. He emphasized the importance of supporting Royal Dutch Shell's proposed facility in the state. "That project, if built, will mean an investment here of $4 million to $6 million in one of our most depressed areas that was once the site of the steel industry that is now gone," Corbett said. American City Business Journals/Pittsburgh
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- Swift: ACC's Chemical Activity Barometer foretold weak GDP report
U.S. gross domestic product declined by 0.1% in the fourth quarter of 2012, according to initial estimates from the Department of Commerce. The slowdown is reflected in the American Chemistry Council's Chemical Activity Barometer, which recorded weak growth in the fourth quarter, said ACC chief economist Kevin Swift. The CAB gained 0.3% in October, slipped 0.8% in November and rose 1% in December. ICIS News (U.K.)
(1/31)
- Industry alliance welcomes Interior's plan to revise draft fracking rules
The Department of the Interior's decision to revise its draft hydraulic fracturing regulations is a chance to reconsider burdensome rules, said Kathleen Sgamma of the Western Energy Alliance. "I definitely take it as a positive sign, that they're being more deliberative about it. ... It's a very complex rule. They're trying to do a lot with that rule, and that will have a lot of unintended consequences," Sgamma said. EENews.net (free content)
(1/30)
- Sasol moving forward on La. petrochem project
Sasol is working on engineering and regulatory requirements for its planned ethane cracker and integrated gas-to-liquids plant in Louisiana, said executive André de Ruyter. "We're engaging with any number of contractors on, first of all, front-end engineering and design, the engineering work, project management. We are talking to some of the gas suppliers. We're talking to some of the ethane suppliers. And thus far, the reaction has been very positive," he said. E&E TV
(1/29)
- BASF's fridge concept uses polyurethanes
BASF has revealed a refrigerator concept that uses Elastollan thermoplastic polyurethane for insulation and attractive designs. "Rather than produce refrigerators itself, BASF aims to demonstrate with cutting-edge designs all that is possible with PU as a material. Transcending the bounds of pure insulation, it is capable of inspiring refrigerator manufacturers to develop new approaches," BASF said. European Plastics News (U.K.)
(1/30)
| Leadership & Management |  |
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- Are you a gracious boss?
Bosses often focus so much on showing their strength and assertiveness that they forget to be gracious, writes Kevin Daum. Traits such as humility, empathy and a willingness to defer to others are important parts of modern leadership, Daum argues. "Simply put, the most gracious and powerful leaders are the ones who understand when to step back as a follower and let the most appropriate person lead," he writes. Inc. online (free registration)
(1/29)
- How big companies can buy better innovation
Some companies are spinning off standalone businesses in a bid to foster innovation, but such autonomous units can't compete with truly independent startups, writes Scott Anthony. "If a company really wants pure unbridled entrepreneurialism, it should invest in a startup rather than creating a compromised organization that neither has complete freedom nor truly unique capabilities," he argues. Harvard Business Review online/HBR Blog Network
(1/29)
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Research: The lack of rail competition and rising rail rates harm chemical and plastic shippers as well as the economy
Higher rail freight rates driven by a lack of access to competitive rail service are negatively impacting chemical and plastic shippers as well as the U.S. economy, according to a new economic study and industry survey conducted on behalf of the American Chemistry Council. "This new research shows that the lack of rail competition and rising rail freight rates are hurting the chemical industry's ability to meet customer needs, hindering investment decisions, and harming our nation's economy," said Cal Dooley, president and CEO of ACC.
Read more on the study.
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