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Chemical Industry Update

EU chemical industry on the verge of collapse, Ineos boss warns

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

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

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

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

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

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

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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Fracking fluids, chemicals market to reach $20.4 billion in 2018

The key growth driver for the fracking fluids and chemicals market is the need to tap more unconventional oil and gas reserves.
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Carnivorous plant inspires scientists to create protective coatings

A team at Harvard University has mimicked the carnivorous pitcher plant’s inner skin design to produce a transparent coating capable of being economically applied to almost any object -- large or small.
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US Chemical Safety Board rejects new refinery safety rules

The Chemical Safety Board has decided that current refinery safety practices in California do not need any changes, claiming that the proposed plan was too ambitious and would not result in immediate improvements in refinery safety.
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