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Chemical Industry Update

Demand for ethylene to rise 150% by 2040, Exxon president says

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Global demand for ethylene will soar between 2010 and 2040, driven by rising needs for consumer products, according to ExxonMobil President Steve Pryor.
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Pulcra Chemicals plans $3.1 million investment in South Carolina

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German specialty chemicals supplier Pulcra Chemicals will invest $3.1 million to expand its manufacturing operation in York County, S.C.
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Solvay, Mississippi torrefaction company announce JV to produce biomass

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The new facility will be located in Quitman, Miss., and will produce torrefied biomass -- a product that can be used as a fully sustainable alternative to coal.
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EU chemical industry on the verge of collapse, Ineos boss warns

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The European chemical industry is in grave danger and a large part of it might close down within the next 10 years, Jim Ratcliffe, chairman of chemical giant Ineos, has warned.
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Chemical investments linked to shale gas projects surpass $100 billion

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As of February, 148 projects have been announced, at a total value of $100.2 billion, with over half of the sum coming from companies based overseas.
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Report predicts rise in global chemical industry mergers & acquisitions

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Mergers and acquisitions activity in 2014 for the global chemical industry will likely increase due to downstream value-added opportunities, continued strength in specialty chemicals and portfolio realignments in North America.
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EPA: Toxic chemicals releases dropped 12% in 2012

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Overall, 3.63 billion pounds of toxic chemicals were released into the air, water or land in 2012, the report found.
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Chemical engineers select top 10 inventions of modern era

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Chemical engineers have voted on what they feel are the most important chemically engineered inventions and solutions of the modern era.
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US chemical output slightly up in December

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Last year was generally positive for the U.S. chemical industry but the outlook for 2014 is even better, according to the American Chemistry Council.
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Explosions destroy Mississippi biodiesel plant

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A biodiesel plant in northern Mississippi was destroyed on Jan. 22 after two explosions and a subsequent blaze razed it to the ground.
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