Tag Archives: Economy

EPA’s ozone standard: A defining moment for U.S. manufacturing

As we approach EPA’s March 17 deadline for comments on its proposal lowering the National Ambient Air Quality Standard (NAAQS) for ozone, Americans should be fully informed of the impacts. In many communities, the answer is simple: Fewer jobs, slower growth. Perhaps the real-world consequences of EPA’s plan are hidden behind confusing terminology. In EPA-speak, [...]

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GlobalChem and the road ahead: Why this year’s conference marks the halfway point for one of the most transformative decades for the industry and regulations

ACC Vice President of Regulatory and Technical Affairs Mike Walls kicked off Tuesday’s GlobalChem regulatory conference with a prediction: “Ten years from now,” Walls said, “We will look back at 2015 as the inflection point in one of the most transformative decades for shaping chemical policy.” If you think about it, it’s easy to see [...]

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Fueling Export Growth (Part 2 of 2): Why the expected surge in U.S. chemicals exports will depend on our country’s ability to deliver on its ambitious trade agenda

The release yesterday of ACC’s latest exports report, “Fueling Export Growth: U.S. Net Export Trade Forecast for Key Chemistries to 2030,” painted a bright picture for exports of chemicals linked to the shale gas revolution. But what stood out to me even more than the numbers themselves was that our industry’s massive growth potential largely [...]

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Fueling Export Growth (Part 1 of 2): U.S. chemical exports linked to natural gas could double by 2030; plastics products leading the surge

On the heels of a wave of new chemical industry investment projects expected to come online over the next few years, gross exports of chemical products linked to natural gas, including plastics, could reach $123 billion by 2030 – more than double what chemical manufacturers exported in 2014, according to a new report from Nexant, [...]

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New studies show vast benefits of offshore energy development

America is forfeiting hundreds of thousands of new jobs and tens of billions in GDP each year by maintaining governmental restrictions on energy development in the Eastern Gulf of Mexico and the Pacific Outer Continental Shelf (OCS). That’s according to two studies conducted by Quest Offshore Resources, Inc. and released this week by the National [...]

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U.S. manufacturing exports surging due to shale gas

Exports of manufactured products have risen 6 percent since the start of America’s shale gas production boom, according to a new report by the International Monetary Fund (IMF). It’s a sign that plentiful, affordable natural gas – already a strong catalyst for chemical industry export growth – is benefiting U.S. manufacturing. A reversal in U.S. [...]

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Plastics-to-oil technologies could add $9 billion to U.S. economy, says new report

Isn’t it time we stop burying our non-recycled plastics? Our society is always looking for new, alternative energy sources. Energy is not only vital to most everything we do, it helps to create jobs and enables economic growth. On this blog, for example, we’ve discussed how recovering non-recycled plastics and turning them into energy has [...]

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Tired accusations on TTIP

It seems self-evident that efforts to improve regulatory transparency while maintaining strong protections for the environment and human health; to enhance regulatory efficiency while reducing costs for governments and industry; and to stimulate the economy while supporting job growth should be shared objectives under the Trans-Atlantic Trade and Investment Partnership (TTIP). Unfortunately, that appears not [...]

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American chemistry: Growing the U.S. economy, providing jobs, enhancing safety

Have you used your cell phone today? Laptop? Drunk from a coffee mug, or worn a bicycle helmet? If so, you, along with millions of consumers around the world, have touched a product of chemistry. 96 percent of all manufactured goods are directly touched by the business of chemistry. From life-saving medical devices to airbags [...]

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Reducing trade tariffs on environmental goods is a worthwhile idea, but what constitutes the “good”?

The chemical industry is strongly committed to the protection of health, safety and the environment in its operations. ACC supported the inclusion of environmental objectives in recent U.S. bilateral trade agreements, which highlight the potential for positive synergies between trade agreements and environmental objectives. It’s also important, however, to ensure that these environmental objectives don’t [...]

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