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Gasoline markets slip, financial markets stumble

Yesterday's financial market action was very revealing. As Olivier Jakob of Petromatrix perceptively describes it, "liquidation on gasoline led to a correction in crude oil, which in turn pressured equity markets". The problem is that financial...

Published 23 Jun 2009 20:47 by Chemicals & The Economy

Filed under: housing, President Obama, chemical sales, unemployment
Canada plans to ban phthalates

Last week Friday, Canada's Minister of Health announced their planned proposal to ban phthalates in soft vinyl toys and child-care articles as well as further reduction limits of lead in consumer products. Canada is proposing regulations to prevent...

Published 23 Jun 2009 17:02 by Green Chemicals

Filed under: Canada, Regulation, Government, bans, Health and safety, phthalates, children, lead
Carbon cap and trade costs little

I was working about the Cash for Clunkers bill (where you can exchange your old car for money voucher for a new supposedly more environment-friendly car) and it was more complicated than I thought...I need to do more research about that. So for now let's...

Published 23 Jun 2009 16:36 by Green Chemicals

Filed under: Regulation, studies and reports, Government, Congress, costs, cap and trade, CBO
Plastic windows face wrath of conservationists

"I'm afraid conservation areas are suffering a plague of plastic windows," the chief executive of English Heritage was quoted in today's Telegraph.co.uk . "I would never in a million years put one in," he continued. The conservationist...

Published 23 Jun 2009 14:35 by ICIS Chemicals Confidential

Filed under: chemicals, gossip, hi-tech, Daily Telegraph, Conservation, English Heritage, renovation, plastic windows
World Bank sees deeper recession

The chemical industry is always a leading indicator of the global economy. One of the blog's oldest friends used to be a central banker, and he made no secret of the fact that our discussions about demand levels were often an important factor in his...

Published 23 Jun 2009 10:57 by Chemicals & The Economy

Filed under: China, India, Economic growth, Oil markets, Financial Events, M & A, Leverage, recession, IMF, World Bank
Swine flu stalks the ACC conference

ICIS Houston managing editor Stephen Burns survived the ACC conference, and sends this tale and video ... The American Chemistry Council ( ACC ) has revealed that an attendee at its annual meeting in Colorado Springs earlier this month had contracted...

Published 23 Jun 2009 10:40 by ICIS Chemicals Confidential

Filed under: business travel, conferences, gossip, ACC, golf, swineflu, Broadmoor
Real time global carbon counter in NYC

I haven't seen this yet but definitely worth checking out during my lunch break. A new real-time global carbon counter was unveiled last week in the heart of New York City at 33rd Street and 7th Avenue, outside Madison Square Garden and Penn Station...

Published 22 Jun 2009 19:19 by Green Chemicals

Filed under: Company initiatives, General, NYC, carbon emission, Deutsche Bank, carbon counter
P&G resin wins Green Chem award

This news came in this morning from Procter & Gamble (P&G) Chemicals about their green alkyd resin Chempol® MPS winning this year's EPA Presidential Green Chemistry Challenge award under the category Greener Chemicals Design. The resin is...

Published 22 Jun 2009 17:45 by Green Chemicals

Filed under: Products, R&D, EPA, Government, Award, P&G, resin, green chemistry
Washing machine replaces water with tiny nylon polymer beads

A new green-friendly washing machine -- that uses only one cup of water along with tiny nylon polymer beads - is set to go on sale next year, according to this article today. The machine leaves clothes virtually dry and aims to save up to 90% of water...

Published 22 Jun 2009 15:00 by ICIS Chemicals Confidential

Filed under: Environment, hi-tech, nylon, washing machines
Enron - London theatre to stage new play

A new play entitled "Enron" will be coming to the London stage in September, and the Blog can't wait to see it. Starring Tim Pigott-Smith as Ken Lay and Samuel West as Jeffrey Skilling, the play at the Royal Court theatre in Sloane Square...

Published 22 Jun 2009 14:55 by ICIS Chemicals Confidential

Filed under: trading, traders, media life, theatre, plays, swaps, Royal Court, Enron
After destocking, chemical volumes remain down 15-20%

The great wave of destocking is finally coming to an end. And it is clear that underlying global demand is well below previous "normal" levels. The evidence for this can be seen in the above chart, based on American Chemistry Council data, which...

Published 21 Jun 2009 20:06 by Chemicals & The Economy

Filed under: BASF, Economic growth, Financial Events, M & A, Leverage, recession, chemical demand
Ineos appoint Morgan Stanley for Grangemouth

The blog's close eye on Scotland's media has again been rewarded this morning, as 'The Scotsman' reveals that Ineos have appointed Morgan Stanley, the investment bank, to advise on the sale of Grangemouth. It suggests that a company such...

Published 21 Jun 2009 10:19 by Chemicals & The Economy

Filed under: Economic growth, Oil markets, Financial Events, M & A, Leverage, Refining, Grangemouth, Morgan Stanley, orINEOS
Wood Mackenzie staff in the money

Wood Mackenzie, the energy consultancy and long-term supporter of the ICIS Aromatics Conference, was sold yesterday for £533 million , in a deal whereby 100 of the company's staff share a total payout of about £100 million. The Blog was delighted...

Published 20 Jun 2009 9:10 by ICIS Chemicals Confidential

Filed under: conferences, ICIS, corporate life, Paul Hodges, Amsterdam, Wood Mackenzie, ICIS Aromatics Conference
Billionaire stuck with chemicals after Setanta failure

Poor Len Blavatnik, bored with chemicals after LyondellBasell's bankruptcy, won't be buying Setanta after all, now they can't broadcast Premier League football. Read More...

Published 20 Jun 2009 9:08 by ICIS Chemicals Confidential

Filed under: gossip, bankruptcy, Len Blavatnik, football, LyondellBasell, soccer, celebs in chemicals, Setanta
BPA under fire from new studies

And the bisphenol-A (BPA) cycle of "is it safe or not?" goes on... Several studies have again come out mostly from the Endocrine Society and none of them were pleasing to the BPA manufacturers' (and consumers') ears. First stop is during...

Published 19 Jun 2009 19:36 by Green Chemicals

Filed under: studies and reports, ACC, Health and safety, BPA, health, studies

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Gasoline markets slip, financial markets stumble

Canada plans to ban phthalates

Carbon cap and trade costs little

Plastic windows face wrath of conservationists

World Bank sees deeper recession

Swine flu stalks the ACC conference

Real time global carbon counter in NYC

P&G resin wins Green Chem award

Washing machine replaces water with tiny nylon polymer beads

Enron - London theatre to stage new play

After destocking, chemical volumes remain down 15-20%

Ineos appoint Morgan Stanley for Grangemouth

Wood Mackenzie staff in the money

Billionaire stuck with chemicals after Setanta failure

BPA under fire from new studies