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COVID-19 coronavirus

SBA and Treasury Department Begin Public-Private Mobilization Effort to Distribute Funds

The CARES Act establishes a new $349 billion Paycheck Protection Program that will reportedly provide relief to millions of small businesses so they can sustain their businesses and keep their workers employed.
April 2, 2020

Jovita Carranza, Small Business Association (SBA) administrator, and Steven T. Mnuchin, Treasury Department secretary, recently announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need as a result of the COVID-19 crisis.


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COVID-19 coronavirus

NIST Announces Funding for Manufacturing Institutes to Support Pandemic Response

Funding will be awarded to eligible Manufacturing USA institutes, a network of 14 public-private partnerships that work with academic and private sector manufacturing organizations on research and development and manufacturing skills training.
April 1, 2020

The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has opened a funding opportunity for rapid, high-impact projects that support the nation’s response to the COVID-19 pandemic.


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SOCMA: Two New Services for the Chemical Industry

According to SOCMA, these services will assist companies in addressing workforce development challenges.
March 31, 2020
SOCMA recently announce two new services for the chemical industry: a modernized Chemical Operations Tool and a new Career Center.
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Nouryon Johan Landfors

Nouryon Expands Raw Material Partnership with Sumitomo Chemical

A new plant, to be owned and operated by Sumitomo, will produce 1,3-diisopropanolbenzene (DIOL) and is due to start production in 2021.
March 30, 2020
Nouryon recently announced that it is expanding its partnership with Sumitomo Chemical to include a new facility that Sumitomo is building at its site in Oita, Japan.
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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

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
The Adhesive and Sealant Council (ASC) has partnered with ITR Economics to create the ITR Market Forecasting Tool.
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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

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
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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