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The latest industry and company news, personnel announcements, and market trends and forecasts.

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Covestro Signs Loan Facility with European Investment Bank to Support Research and Development Activities

Last year, Covestro put in place a global strategic program to establish the theme of circular economy throughout all areas of the company.
March 27, 2020
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Covestro recently announced that it will take a loan with the European Investment Bank (EIB) for €225 million (approximately $243.7 million) to provide medium-term funding to strengthen its R&D work in the areas of sustainability and circular economy within the European Union (EU).


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Market-Trends

ASC Partners with ITR Economics on Forecasting Tool

The goal of the tool is to help companies develop sales forecasts in a specific market or sector using 101 key metrics specifically chosen for the adhesives and sealants industry.
March 27, 2020
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The Adhesive and Sealant Council (ASC) has partnered with ITR Economics to create the ITR Market Forecasting Tool.
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Business Leaders Call for Infrastructure Investment to Jump-Start the COVID-19 Economy

According to the CED, an efficient investment in cutting-edge infrastructure supports critical components for putting our economy back on solid footing.
March 27, 2020
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The Committee for Economic Development (CED) of The Conference Board (CED) recently announced that it is calling for policymakers and businesses to work together to put an emphasis on infrastructure spending now in order to kick-start the U.S. economy in the face of the coronavirus-related downturn.


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COVID-19 coronavirus

SOCMA Reinforces Critical Role Specialty Chemical Manufacturers Play in Fighting COVID-19

SOCMA reports that it welcomes the U.S. Department of Homeland Security’s (DHS) classification of chemical manufacturing as a Critical Infrastructure Sector.
March 26, 2020
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The Society of Chemical Manufacturers and Affiliates (SOCMA) recently sent a letter to the White House and state governors reinforcing that specialty chemical manufacturers play a critical role in providing essential products to fight the COVID-19 pandemic.


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generic chemicals

EPA Announces Final Rule to Modernize TSCA Reporting

The EPA is extending the reporting period for CDR data submitters from September 30 to November 30 in order to provide additional time for the regulated community to familiarize themselves with these revisions.
March 25, 2020
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The U.S. Environmental Protection Agency (EPA) recently announced that it is finalizing amendments to the Chemical Data Reporting (CDR) rule that reduce the burden for certain CDR reporters, improve the quality of CDR data collected, and align reporting requirements with the Lautenberg Act amendments to the Toxic Substances Control Act (TSCA).
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