ACC's Jahn: High costs will persist under "Phase One" trade deal | Trump: WOTUS overhaul will modernize a "disastrous" rule | How can cities, states boost recycling rates?
January 21, 2020
ACC SmartBrief
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ACC's Jahn: High costs will persist under "Phase One" trade deal
The "Phase One" trade deal between the US and China "keeps costs high by maintaining existing tariffs in the United States and keeps the China market closed to our exports," said Chris Jahn of the American Chemistry Council. Chemical companies "still face additional US tariffs on $20 billion in imports of chemicals and plastics from China and $11 billion in exports of chemicals and plastics to China," he said.
The Hill (1/20) 
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Policy Watch
Trump: WOTUS overhaul will modernize a "disastrous" rule
The Trump administration is in the process of repealing and replacing the "disastrous" Waters of the US rule, said President Donald Trump on Sunday. "I am directing the Corps of Engineers to immediately withdraw the proposed rule...and allow states to manage their water resources based on their own needs and based on what their farmers and ranchers want," he said, although the final replacement has yet to be released.
E&E News (free content) (1/20),  The Hill (1/19) 
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How can cities, states boost recycling rates?
Cities and states across the US have set goals to increase recycling, and many are making progress but falling short of their targets. Circular economy solutions and new end-uses for recyclables are two options for buoying US recycling, which is especially critical since China stopped accepting most shipments of recyclables in 2018.
Bloomberg Environment (free content) (1/21) 
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Industry Watch
Shell uses pyrolysis liquid to produce "high-end" chemicals in La.
Shell has successfully used pyrolysis liquid derived from plastic waste by Nexus Fuels to produce "high-end" chemicals at its plant in Norco, La. Shell is working with other companies in Asia, Europe and North America to procure chemical recycling feedstocks.
PlasticsToday (1/21) 
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Sadara launches $20B chemical complex in Saudi Arabia
Sadara, a joint venture between Dow Chemical and Saudi Aramco, has launched a $20 billion chemical complex in Saudi Arabia on schedule. The JV built the project in a single phase using 15 engineering procurement and construction contractors.
Chemical Processing (1/20) 
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Eli Lilly plans to spend $1B-$5B for M&As each quarter in 2020
Eli Lilly announced its intention to increase the number of mergers and acquisitions this year to a rate of one deal within the range of $1 billion to $5 billion each quarter. Such deals would be similar to its recent acquisition of Dermira, according to Joshua Smiley, Lilly's senior vice president and chief financial officer.
PMLive (UK) (1/20) 
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Leadership & Management
What traits do good change leaders possess?
Thinking quickly, supporting innovation and focusing on strategy are three of five traits of effective change leaders, according to research conducted by Joseph Folkman's firm. Leaders must also be able to see the big picture and inspire their team, he writes, and their effectiveness multiplies when team members are confident in their organization's success.
Forbes (1/16) 
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Broaden your perspective when things go wrong
Negative comments seem to stick with us more than praise, writes Michael McKinney, which means we must be able to see problems from different perspectives and be careful when giving negative feedback to team members. "Positive emotions broaden your perspective and enable you to build skills that help you flourish both personally and professionally," say authors John Tierney and Roy Baumeister.
Leadership Now (1/17) 
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