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April 16, 2012
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News for American Chemistry

Top Story 
  • Obama forms task force on natural gas development
    The Obama administration is creating a task force that will coordinate with federal agencies on the oversight of domestic natural gas development. The task force would ensure that natural gas drilling techniques, particularly hydraulic fracturing, are conducted properly, the administration said. "The full potential from shale gas will only be realized with sound state regulatory policies that allow for aggressive production in an environmentally responsible way. A coordinated approach to regulation can certainly help. We will be watching closely as the president's initiative develops," the American Chemistry Council said. The Hill/E2 Wire blog (4/13), IndustryWeek (4/13), ICIS News (U.K.) (4/13), The Wall Street Journal (4/13) LinkedInFacebookTwitterEmail this Story
  • Dow Chemical's Liveris expresses support for natural gas task force: Dow Chemical Chairman and CEO Andrew Liveris praised President Barack Obama's directive to create a natural gas monitoring body. "[W]e are pleased with the signing of this executive order and consider it a vital step toward ensuring that federal regulation of hydraulic fracturing for shale gas is not overly burdensome and duplicative of state efforts, and addresses real risks using sound scientific data," Liveris said in a statement. ICIS News (U.K.)/(subscription required) (4/13) LinkedInFacebookTwitterEmail this Story
Policy Watch 
  • FracFocus could be used in federal chemicals-disclosure laws
    State lawmakers are supporting the use of when regulating chemical disclosure in hydraulic fracturing, and the federal government may also adopt it. "If we end up adopting [FracFocus] as part of our process, that would provide greater consistency across the states. And the industry would be pleased with that, instead of having two different systems they have to report to," said Bob Abbey, director of the Department of the Interior's Bureau of Land Management. Politico (Washington, D.C.) (4/15) LinkedInFacebookTwitterEmail this Story
  • Ohio industries reap benefits of Utica Shale gas
    Eastern Ohio is benefiting from the economic activity brought by shale natural gas developments in the Utica Shale. "We seeing an unprecedented amount of growth in this area after 30 years of recession. Some existing companies that hung on through the hard times have seen business from oil and gas, manufacturing or fabrication," said Tony Paglia of the Youngstown/Warren Regional Chamber. MarketWatch (4/13) LinkedInFacebookTwitterEmail this Story
  • Biobased chemicals-makers expand share of chemical market
    Renewable-chemicals producers are making headway in the U.S. market with biobased offerings that are considered "drop-in" replacements for some petroleum-based products. "Renewable chemicals can be considered to de-risk the chemical supply chain from persistently high petroleum costs," said John Quealy, an analyst at Canaccord Genuity. CNBC (4/13) LinkedInFacebookTwitterEmail this Story
  • Other News
Research & Innovation 
  • Merck strikes marketing deal with ESK Ceramics
    Merck and ESK Ceramics have reached a marketing deal on functional fillers for cosmetic applications. "We are convinced that our customers will benefit from our cooperation with ESK as it will give them immediate access to an even broader range of functional fillers," said Matthias Lergenm├╝ller, head of Merck's cosmetics division. Chemical Week (subscription required) (4/16) LinkedInFacebookTwitterEmail this Story
  • Other News
Leadership & Management 
  • Why some companies are better at building talent communities
    Companies that succeed at creating talent communities do so because they commit to their strategy, engage their employees and have at least one experienced team member overseeing the community, writes Doug Lubin. "Whatever you do, know your brand and be authentic. Don't be afraid to acknowledge your organization's flaws and perceptions in the marketplace," Lubin writes. The Seamless Workforce blog (4/12) LinkedInFacebookTwitterEmail this Story
  • We're getting better all the time, Honeywell officials say
    Every worker at Honeywell International's factories is expected to come up with regular suggestions for improving the electronics giant's operating practices. That's a key tenet of the "Honeywell operating system," a management and operations philosophy that officials credit with boosting Honeywell's sales by 72% from 2002 to 2011. The Economist (4/14) LinkedInFacebookTwitterEmail this Story
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ACC News 
  • ACC Welcomes White House Executive Order to Coordinate Administration's Efforts on Shale Gas
    Responding to the Obama administration's release of an executive order calling for coordination in federal agency efforts related to unconventional natural gas resources, the American Chemistry Council said: "We welcome the president's call to coordinate federal agency activities related to domestic shale gas. As his order stated, this resource 'creates jobs and provides economic benefits to the entire domestic production supply chain, as well as to chemical and other manufacturers, who benefit from lower feedstock and energy costs.' With shale gas poised to play an important and growing role in the nation's energy strategy, appropriate regulations and policies will be critical.

    "We agree that 'states are the primary regulators of onshore oil and gas activities,' and indeed many states are paving the way in developing robust regulations. Nine federal agencies are also looking at shale-gas issues, including the Bureau of Land Management, which will issue new rules covering production on public lands. We are concerned that these rules may duplicate existing state regulations, creating additional barriers that will slow down permitting and increase production costs." Learn more about shale gas.

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  • ACC Weekly Economic Report
    The economic reports last week were mostly positive. After five years of deleveraging, consumers appear to be willing to take on debt to fuel spending. The latest Beige Book from the 12 Federal Reserve Districts reported that the economy continued to expand at a modest to moderate pace from mid-February through late March. Turning to chemistry, wholesale trade in chemicals expanded but so did inventories, and there may be some imbalances building at this stage of the supply chain. The trade balance in chemicals improved to a surplus as imports fell faster than exports. Railcar loadings have been on the rise seven of the last 13 weeks, posting a decline this past week.

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People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year."
--Peter Drucker,
Austrian-American writer and management consultant

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