The industry is taking steps to reduce plastic waste, partly through investments in chemical recycling solutions, and must continue to do so, said DowDuPont's Jim Fitterling and LyondellBasell's Bob Patel during IHS Markit's World Petrochemical Conference this week. "If we can do chemical recycling back to feedstocks and back to plastics versus the alternatives -- another oil and gas well -- that opens up a whole range of impacts on climate possibilities that people haven't thought about," Fitterling said.
The American Chemistry Council's formaldehyde arm "fully supports a risk review of the uses of formaldehyde chemistry by means of transparent science-based standards," said executive Kimberly Wise White, following the substance's high-priority designation under the Toxic Substances Control Act. "[The Environmental Protection Agency's] evaluation ... will ensure regulatory decisions about the safe use of formaldehyde are consistent with real-world circumstances and are protective of human health and our environment," she says.
Oil market volatility, the increased risk of recession and trade concerns such as the dispute between the US and China are creating challenges for the global chemical industry amid increased competition, according to this ICIS analysis. More than 4 million metric tons of new ethylene capacity is expected to come online in the US this year, which could further complicate the global landscape, the report says, citing American Chemistry Council data.
Chevron Phillips Chemical is studying the market for 1-Hexene to determine the need for expanded material infrastructure. The substance is one of the normal alpha olefins, which are used in polyethylene, surfactants and other applications.
Two Grillo-Werke chemists in Germany have developed a low-temperature, metal-free process for converting methane into methanesulfonic acid. The process, using methane and oleum, may be more cost-effective than other methods.
While the term "transparency" has become a buzzword, there remains value in authentic, open communication, writes Guy Pierce Bell. What's secret can be secret, but otherwise expect what information you share to be given to everyone, not just the people in the meeting.
Almost every business has a written statement about workplace values and culture, but this doesn't mean that these values align with the actions of employees, writes Elizabeth Doty. Changing the culture of a company must begin internally by committing long term to everyday positive behavior while still allowing room to make mistakes and readjust as necessary.