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COVID-19 coronavirus

Pandemic Prompts ExxonMobil to Reduce 2020 Capex by 30%

As market conditions evolve, ExxonMobil will continue evaluating the impacts of decreased demand on its 2020 production levels, as well as longer-term production impacts.
April 9, 2020

ExxonMobil recently announced it is reducing its 2020 capital spending by 30% and lowering cash operating expenses by 15% in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.


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acquisitions_mergers_puzzle

Nouryon to Acquire Metal Alkyls Business from Sasol

The transaction is expected to be finalized during the second quarter, after which Nouryon will gradually move production to its site in Rotterdam.
April 8, 2020

Nouryon recently announced that it has entered into an agreement to acquire Sasol’s merchant triethyl aluminum business, including its specialty fleet of returnable cylinders.


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Clariant Martin John

John Named New Global Head of Advanced Surface Solutions at Clariant

With his knowledge and experience in managing international businesses, Martin John and his team will continue to transform the business line into a leading solution provider.
April 7, 2020
Clariant recently announced that Martin John has been appointed global head of the Advanced Surface Solutions business line in its Additives business unit, as of April 1, 2020.
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red tape

EPA Announces Plan to Reduce TSCA Fees for Stakeholders

The EPA plans to initiate a new rulemaking process to consider proposing exemptions to the current TSCA Fees Rule’s self-identification requirements associated with EPA-initiated risk evaluations for certain manufacturers.
April 6, 2020
The U.S. Environmental Protection Agency (EPA) recently announced a plan to consider a proposed rule that would look at potential exemptions to the TSCA Fees Rule in response to stakeholder concerns about implementation challenges.
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COVID-19

Manufacturers Continue to Ramp Up In Fight Against COVID-19

Some companies are rallying their workforce to increase production of existing products, while others are retooling their facilities to produce entirely new materials that are sorely needed.
Susan Sutton
Susan Sutton
April 3, 2020

Though the circumstances surrounding COVID-19 are horrible, I find it gratifying to see the drive, determination, and oftentimes ingenuity that these companies are displaying for the good of us all.


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