• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    LANXESS Acquires Biocides Specialist INTACE

    AkzoNobel Announces Share Buyback

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

    OQ Chemicals Announces Carboxylic Acids Price Increase
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    Zeppelin Acquires MTI Mischtechnik

    IFS Coatings Announce Carbon Offset Program

    Axalta Powder Coatings Presents SuprAnodic Collection

    Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30
    Additives
    Binders
    Pigments
    Solvents

    LANXESS Acquires Biocides Specialist INTACE

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

    OQ Chemicals Announces Carboxylic Acids Price Increase

    AOC Announces Price Increase

    Emulsion Polymers Market to Hit $66 Billion by 2027: Transparency Market Research
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Eagle Specialty Products

    ROSS Mixers

    Active Minerals

    Keim Additec Surface USA LLC

    Shepherd Color Company, The
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Surface Finishing Mexico 2021

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    Coatings for Africa
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Eagle Specialty Products

    Keim Additec Surface USA LLC

    Active Minerals

    Shepherd Color Company, The

    Siltech Corporation
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Expert's Opinion

    Chemical Industry’s Response to Crisis While in Crisis

    ...

    Chemical Industry’s Response to Crisis While in Crisis
    Related CONTENT
    • New Strategy Sets Hempel on Path to Leadership Positions
    • Pigment Supplier Directory
    • Raw Material Price Increases Pile Pressure on Paint Manufacturers
    • BASF: Wider Range of Colors Rolled Off World’s Assembly Lines in 2020
    • RPM Reports Fiscal 2021 2Q Results
    Dean Curtis, President and CEO of ICIS05.22.20
    We often forget how vital the chemical industry is to our well-being, safety and daily lives. The stigma around the issue of plastics waste in the environment often overshadows the progress the industry has made in becoming one of the more sustainable producers of critical products.
     
    In recent months, it has never been clearer just how important and responsive this industry is when faced with a global health crisis. The world has been left reeling from the impact of the coronavirus and the chemical industry has stepped in with incredible speed and agility to help struggling health authorities get the materials they need to help fight the virus – protecting our people on the front line to save lives.
     
    Life-critical materials from chemical suppliers are required to produce antibacterial wipes, hand sanitizer, disinfectants, surfactants for soaps and personal protective equipment (PPE) such as masks, gowns and face shields. By supporting a robust supply of such products, the chemical industry is helping control the spread of the virus. 
     
    Alongside a huge swing of production towards isopropyl alcohol (IPA) and ethanol, used in the production of hand sanitizer, many chemical companies have acted to directly meet the massive spike in demand for the final hand sanitizer product.
     
    INEOS built two new plants in the UK and Germany in just 10 days to produce hand sanitizer, which it is now distributing free to health authorities. Two more such plants were built in Arkansas and Pennsylvania, in under 10 days. INEOS sites in Grangemouth, Scotland and Moers and Herne in Germany and Lavéra in southern France have also been running at capacity to produce the IPA and ethanol needed to support the new plants. 
     
    Dow has announced four additional global sites for sanitizer production which, including its existing facility in Germany, takes expected production to more than 200 metric tons. Again, the sanitizer will be free of charge to health authorities. Dow has also designed simplified and lightweight face shields and is producing 100,000 such units for donation to hospitals in Michigan.
     
    There are many examples where our industry, like humankind, has come together, stepped up and pivoted to support our fight against COVID-19. 
     
    The industry has, and will, play a significant role in this crisis, its prevention and the recovery. ExxonMobil, Oleon, MOL, Shell, Cropenergies, Huntsman, LyondellBasell, BASF, Arkema, Perstorp, Indorama, PTT Global Chemical, SABIC, Unica, VCI and many others, have all responded in a huge global effort to support the fight against the virus.
     
    The response from the chemical industry to this global crisis is not surprising. The industry has long stood as a major contributor to global GDP and a game-changer in human history. 
     
    Innovation continues to evolve to improve and save lives, and enable critical technologies. Chemicals have helped deliver low and zero fat foods; make water safe; create new materials that are stronger, lighter and safer for electric vehicles; enabled more efficient aircraft and increased crop yields. 
     
    Indeed, almost every industry relies on chemicals for some part of its production processes. Its work today has focused on supporting growth and addressing sustainability challenges.  
     
    On March 19, the US Department of Homeland Security (DHS) identified the chemical industry and its workers as “Essential Critical Infrastructure” – an industry sector critical to public health and safety, economic and national security. The DHS noted to the chemical industry that there is “a special responsibility to maintain your work schedule” while following CDC (Centers for Disease Control and Prevention) workforce and customer protection guidance.
     
    As the industry continues to pivot its production capacity in response to COVID-19, it is doing so in a market landscape in which chemical prices due to the virus have plummeted. 
     
    The ICIS Petrochemical Index (IPEX) in April plunged 18% from March, and 37% year on year on a global basis. The second quarter is expected to be the worst in terms of financial performance for the industry as demand collapsed amid the lockdowns.
     
    Alongside cleaning and sanitizing products, polyethylene (PE) for food packaging and polypropylene (PP) for PPE are crucial in disease prevention. Although critical to the COVID-19 response, demand and pricing for these materials have also slumped on weakness in automotive, construction and consumer durables.
     
    For an industry born out of innovation and pivotal to modern society, however, the chemical industry will remain strong. The effects of the coronavirus pandemic will certainly echo through many industries and their supply chains, providing an opportunity to learn and most likely change the way they work in the future. 
     
    Under the pressures which a crisis brings, organizations will have to find better and new ways of doing old things, summoning creativity to adapt to a new normal with the conditions and opportunities this brings. 
     
    For an industry that is already turning to digitalization and analytics to help it become more efficient and robust, its resilience, purpose and agility have been demonstrated with its response to the world today and will help protect its future.
    Suggested For You
    PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    New Strategy Sets Hempel on Path to Leadership Positions New Strategy Sets Hempel on Path to Leadership Positions
    Pigment Supplier Directory Pigment Supplier Directory
    Raw Material Price Increases Pile Pressure on Paint Manufacturers Raw Material Price Increases Pile Pressure on Paint Manufacturers
    BASF: Wider Range of Colors Rolled Off World’s Assembly Lines in 2020 BASF: Wider Range of Colors Rolled Off World’s Assembly Lines in 2020
    RPM Reports Fiscal 2021 2Q Results RPM Reports Fiscal 2021 2Q Results
    Perstorp Group Granted RCF Backed by Swedish Export Credit Agency Perstorp Group Granted RCF Backed by Swedish Export Credit Agency
    PPG Appoints Tony Wu as VP, Greater China Industrial Coatings, Global Electronic Materials PPG Appoints Tony Wu as VP, Greater China Industrial Coatings, Global Electronic Materials
    BASF Awards $10,000 in Scholarships to LSU Engineering Students BASF Awards $10,000 in Scholarships to LSU Engineering Students
    BASF Supports Local Students with Process Technology Internships BASF Supports Local Students with Process Technology Internships
    BASF Increasing Prices for Select Polyetheramines in U.S., Canada BASF Increasing Prices for Select Polyetheramines in U.S., Canada
    Coatings World Coatings World's Top 5 Online Exclusives for 2020
    Personnel Change at BASF Personnel Change at BASF
    Coatings World’s Top 10 Breaking News Stories for 2020 Coatings World’s Top 10 Breaking News Stories for 2020
    Jose Carlos Corral Montilla Appointed Managing Director of BTC Europe Jose Carlos Corral Montilla Appointed Managing Director of BTC Europe

    Related Expert's Opinion

    • Automotive Coatings
      A Brief Introduction to Importance of Automotive Paint Additives

      A Brief Introduction to Importance of Automotive Paint Additives

      ...
      Swamini Kulkarni 05.18.20

    • Breaking News | Marine Coatings | Paint & Coatings Manufacturer News
      Jotun: It’s Time for a

      Jotun: It’s Time for a 'Revhullution'

      Jotun Hull Skating Solutions.
      Jotun 05.11.20

    • Additives
      Lux Research Predicts Which Chemical Manufacturing Platforms Will Be Electrified By 2050

      Lux Research Predicts Which Chemical Manufacturing Platforms Will Be Electrified By 2050

      Report shows innovations in CO2 electrolysis will lead to displacement of natural gas for pure carbon monoxide and formic acid production by 2050.
      Lux Research 04.07.20


    • Synthetic Biology Has High Potential as Alternative Production Method for Chemicals

      Synthetic Biology Has High Potential as Alternative Production Method for Chemicals

      Fermentation holds the key to cost savings, greater innovation, and creation of novel products.
      Lux Research 04.02.20

    • AkzoNobel: How Our Products Contribute to Critical Industries

      AkzoNobel: How Our Products Contribute to Critical Industries

      ...
      AkzoNobel 03.30.20

    • In the Future of Plastic Recycling, No Singular Technology Will Dominate

      In the Future of Plastic Recycling, No Singular Technology Will Dominate

      ...
      Lux Research 01.30.20


    • Breaking News
      Frost and Sullivan: Digital Transformation Poised to Revolutionize Paints and Coatings Industry

      Frost and Sullivan: Digital Transformation Poised to Revolutionize Paints and Coatings Industry

      Adoption of big data, AI, and AR will aid coatings companies to uncover new revenue streams and attract new customers.
      01.15.20

    • Market Reports  | Pigments

      Evolving Automotive Sector Fueling Global Pigments Market Trends

      APAC to also emerge as a strong growth avenue, Pankaj Singh writes.
      Pankaj Singh 12.06.19

    • Breaking News
      PPG

      PPG's TAUBMANS, WHITE Knight Paints Reveal Top 7 Mini-makeovers Achievable with Tax Refund

      Company’s paint experts team with Cherie Barber to inspire DIY transformations.
      08.12.19


    • Commercial Construction Index Shows Surge in New Business Confidence

      ...
      06.20.19

    • Breaking News
      PX - Analyst Trims PT as Merger with Linde Faces Regulatory Concerns in EU

      PX - Analyst Trims PT as Merger with Linde Faces Regulatory Concerns in EU

      ...
      09.02.18

    • Breaking News | Market Reports
      Production Shutdowns, Second Dip in Operating Rates Challenge Global Methyl Methacrylate Market

      Production Shutdowns, Second Dip in Operating Rates Challenge Global Methyl Methacrylate Market

      Research by IHS Markit.
      08.28.18


    • Breaking News
      Chemicals - Analyst Positive at IHS Markit’s 33rd annual World Petrochemical Conference

      Chemicals - Analyst Positive at IHS Markit’s 33rd annual World Petrochemical Conference

      ...
      08.26.18

    • Breaking News
      Lithium Landscape - Analyst Provides a

      Lithium Landscape - Analyst Provides a 'Who's Who' in Sector, Looks at 30+ Industry Players

      ...
      08.19.18

    • Breaking News
      Celanese Corporation - Analyst on Abandoned Merger Agreement with Blackstone’s Rhodia Acetow

      Celanese Corporation - Analyst on Abandoned Merger Agreement with Blackstone’s Rhodia Acetow

      ...
      08.12.18

    Trending
    • AkzoNobel Proposes To Acquire Tikkurila For €31.25 Per Share
    • Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    • AkzoNobel Announces Share Buyback
    • PPG Acquiring Global Coatings Manufacturer Wörwag
    Breaking News
    • Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700
    • LANXESS Acquires Biocides Specialist INTACE
    • AkzoNobel Announces Share Buyback
    • dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    • OQ Chemicals Announces Carboxylic Acids Price Increase
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    BGG Obtains U.S. Patent on AstaZine Natural Astaxanthin for Heart Function During Exercise
    Qualitas Health/iwi Raises $10 Million in Investment Round
    Aker BioMarine Expands Krill Portfolio with Novel Protein Hydrolysate
    Coatings World

    Latest Breaking News From Coatings World

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    Miller Paint Declares Simple Serenity its 2021 Color of the Year
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Freehand Partners with Imperial Medial Solutions
    Intersect ENT Announces CMS Approval of Coding Application for Sinus Implant
    Hillrom to Buy Bardy Diagnostics for $375M
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Bone Therapeutics, Rigenerand Ink Cell Therapy Deal
    NovaQuest Private Equity Acquires CoreRx
    JS Bio and Etta Biotech Advancing Partnership
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Marino Belotti Presents New Website
    Sigma Beauty Launches 'Brush Care' Sets at Sephora
    Clarins UK Partners with Vee24
    Happi

    Latest Breaking News From Happi

    Crystal Deodorant Unveils Magnesium-Enriched Sticks
    Euromonitor Reveals Top 10 Global Consumer Trends for 2021
    A Surge in Interest for Supplements & Vitamins
    Ink World

    Latest Breaking News From Ink World

    Cowan Graphics Adds Fujifilm Inca OnsetX3 HS
    Packaging Printing Market Worth $433.4 Billion by 2025: MarketsandMarkets
    O-I Foundation Gifts $50k to Facilitate COVID-19 Vaccine Access
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Domino grows installation and service teams
    ABG keeps pace with demand with recruitment drive
    Acucote expands FSC-certified portfolio
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Honeywell Delivered 225 Million Masks in December
    Techtextil, Texprocess Postponed to 2022
    Super Strong Inks Survive Tough Environments
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    DePuy Synthes Receives 510(k) FDA Clearance for VELYS Robotic-Assisted Solution
    OrthoPediatrics Expands Agent Network in Three European Countries
    Studies Show FlareHawk Expandable Cage Delivers Favorable Fusion, Patient Outcomes
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Graphene Flagship Launches Redesigned Website

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login