The US-Mexico-Canada Agreement, which went into effect on Wednesday, will create US jobs, support the tariff-free trade of energy products and ensure the nation's economy succeeds in the 21st century, writes Energy Secretary Dan Brouillette. "By strengthening supply chains, improving critical infrastructure, and hedging us against global market fluctuations, we are enhancing the security of North America," he writes.
A new survey from PricewaterhouseCoopers indicates that demand for consumer packaged goods will likely remain strong after the pandemic subside because consumers are becoming increasingly health conscious and taking more pleasure in household activities such as cooking and cleaning. Both Procter & Gamble and Colgate-Palmolive have seen demand for their cleaning products skyrocket in the past few months, although Colgate-Palmolive CEO Noel Wallace doesn't expect the consumer behavior shift to be permanent.
The American Chemistry Council is "disappointed" the California Department of Toxic Substances Control has asked an ACC-led coalition to revise its "alternatives analysis" for spray polyurethane foam. "The [AA] report concludes that there are no technically or economically feasible alternatives to SPF systems containing unreacted MDI - a position that the industry has maintained since this process started in 2014," says Lee Salamone of the ACC Center for the Polyurethanes Industry.
Final fiscal 2021 National Defense Authorization Act bills are taking shape in the House of Representatives and Senate as lawmakers work through various proposed amendments. The House Armed Services Committee unanimously advanced its 2021 NDAA bill on Wednesday, and Senate leaders hope to vote on an amendment deal today.
Saudi Aramco's recent acquisition of a 70% interest in SABIC is "ideal" because the companies operate in the same markets and the deal supports Aramco's focus on crude-to-chemicals, says company president and CEO Amin Nasser. Oil demand has already started to recover and Nasser says he's "very optimistic" regarding the second half of the year.
BASF has launched a pilot project in Germany that will use chemical recycling to convert flexible polyurethane foam into polyols, potentially providing a new end-of-life solution for mattresses. "The target is to recover the raw materials with a quality comparable to that of non-recycled/virgin raw materials", says executive Shankara Keelapandal.
The Appalachian region is home to excellent shale and "is on the cusp of an energy and petrochemical renaissance" that could help bolster the US economy, says the Energy Department. The Trump administration supports turning the region into a hub for chemical development, similar to the US Gulf Coast.
Retail sales of plant-based products grew 11% in 2019, according to the Good Food Institute, with meat substitutes following a path to growing market share blazed earlier by plant-based milks. "Given that much of modern food is a result of technology, it is not surprising that countries with a history of technological innovation have been among the first to house robust innovation ecosystems for plant-based meat, eggs, and dairy," the report says, listing the US, the UK, Canada, Germany, the Netherlands, Brazil and Israel as the top locations for product development.
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