American Chemistry Council calls for policy changes to boost exports

By Gayle S. Putrich
Staff Reporter

Published: February 7, 2013 4:41 pm ET
Updated: February 7, 2013 4:57 pm ET

Related to this story

Topics Materials Government & Legislation
Companies & Associations American Chemistry Council

WASHINGTON -- The American Chemistry Council (ACC) is calling for the elimination of trade barriers and new energy policies as part of its five-part strategy to increase U.S. chemical exports, including plastics and plastics products.

The plan, introduced Wednesday at a Capitol Hill briefing, urges Congress and the White House to

  • advance comprehensive open trade policies,
  • develop more efficient and standardized chemical regulatory policies,
  • refocus tax policy to reduce transaction costs for industry,
  • ensure a competitive U.S. rail system, and
  • enact comprehensive energy policy and expand shale gas development.

Accessing large new supplies of domestic shale gas has led to a renaissance in the U.S. chemical market, said ACC President Cal Dooley, resulting in a 15 percent increase in the export of U.S.-produced chemicals and plastics since 2010, but policies need to be put in place to protect and balance the U.S. natural gas market and the industries that depend on its stability.

In two short years, said John Paro, CEO of HallStar Co., there has been a dramatic change in the U.S. chemical industry, going from businesses shrinking or moving overseas to increasing domestic production and moving facilities back to the States, all thanks to lower, more stable natural gas prices.

"All of a sudden those polymers [used in] rubber and plastic compounding that were being made overseas are starting to be attractive to make back here in the United States and the formulators that use those plastics are locating back on the shores of the United States and the parts manufacturers and all of the incidental supply chain items that come with it," Paro said. "It really has a huge multiplier effect."

The report also emphasized the importance of a potential U.S. trade agreement with the European Union and called for speedily wrapping up negotiations on the TransPacific Economic Partnership, which the council says could open the door to an additional $1.2 billion in chemical exports.

The U.S. chemical market saw $189 billion in exports in 2012, according to ACC; the council's proposed regulatory changes would add up to $58 billion more in potential export growth, according to the report.


Comments

American Chemistry Council calls for policy changes to boost exports

By Gayle S. Putrich
Staff Reporter

Published: February 7, 2013 4:41 pm ET
Updated: February 7, 2013 4:57 pm ET

Post Your Comments


Back to story


More stories

Image

Hanwha Azdel adds capacity in Lynchburg

April 16, 2015 2:01 pm ET

Composite maker Hanwha Azdel Inc. will add space and a new production line at its Lynchburg, Va., production facility, the company announced April 16.    More

Image

AGY adding glass fiber capacity

April 16, 2015 11:54 am ET

AGY Holding Corp. will expand capacity of glass-fiber yarns and rovings used in a wide range of thermoplastic compounds.    More

Image

Akcros adds capacity for PVC stabilizers

April 16, 2015 12:00 pm ET

Akcros Chemicals Inc. has increased capacity for powder stabilizers — a PVC additive — at its plant in New Brunswick, N.J.    More

Image

Report: European chemical, plastics production stalled in 2014

April 16, 2015 10:46 am ET

The Brussels-based European Chemical Industry Council (Cefic) has reported in its 'Chemicals Trend Report' that European chemical output only grew by ...    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events