Chemical output in the US is expected to grow 3.6% in 2019, up from 3.1% in 2018, due in part to low unemployment, an attractive investment environment and the shale boom, says the American Chemistry Council. Executive Martha Moore notes the US has seen $202 billion in chemical investments since 2010.
US President Donald Trump and Chinese President Xi Jinping have agreed to halt their trade dispute, potentially resulting in a deal that would benefit both countries' chemical industries and other sectors. Currently, $10.8 billion of US chemical exports and $22 billion of Chinese chemical exports are subject to tariffs.
Under President Donald Trump, the Environmental Protection Agency is working on multiple fronts to bring more reliability and transparency to regulations by using the best available science, says the American Chemistry Council. The agency's implementation of the Toxic Substances Control Act and action on confidential business information claims are proof of that progress, it says.
Chevron Phillips Chemical will shutter its paraxylene and benzene manufacturing unit in Mississippi by the end of 2018, citing profitability concerns. In other news, CPChem says it may add a second cracker to one of its sites in Texas and will likely make a final investment decision next year or the year after that.
Nexeo Solutions posted $29.4 million net income on revenue of $4.03 billion for its fiscal year ended Sept. 30, with both figures up from the previous year. The company will be purchased by Univar in a deal closing next year.
An international research team led by a group at the UK's University of Exeter used polypropylene fibers to make flexible graphene-based electronic fibers that can be used in textiles for wearable applications, such as health monitoring and medical diagnostics. The "smart textile" fibers are used to make touch-sensor and light-emitting diodes, offering wearable displays that don't need electrodes or wires.
Research suggests there are dynamic corporate assets that drive long-term market advantage in a different way than operational resources explain current profitability, writes Phebo Wibbens, assistant professor of strategy at INSEAD. These qualities can include a company's ability to create strategy, a manufacturing method or the ability to expand consistently while adjusting for local markets.