MOSCOW (MRC) -- US chemical leaders called on President-elect Biden's administration to maintain policies that ensure continued access to US shale resources as well pursue more predictable trade policy, said Chemweek.
"As always, we stand ready to constructively engage with the White House and bipartisan leaders in Congress to help drive the solutions for a future that will better serve all Americans – one that is safer, healthier, stronger, and more sustainable," ACC said in a statement.
ACC said it would work with a Biden administration and both parties in Congress to ensure robust and responsible energy and infrastructure development to keep industry and the US economy on a path to strong growth. “Maintaining the vitality of our industry and its ability to produce these life-saving materials means maintaining access to our country’s vast shale gas resources," ACC said in a statement."Thanks to these resources the chemical industry continues to drive a manufacturing renaissance yielding USD205 billion in new chemical industry projects in the United States with the potential to create hundreds of thousands of jobs and nearly USD290 billion in new economic output."
ACC noted that chemicals remain one of the US's largest exporters with USD136 billion in exports in 2019, 10% of all US goods exports. "Robust trade in raw materials and finished products helps fuel the growth of our sector here at home – but current costly tariff policy continues to cut into our industry’s competitive advantage," ACC said. "We strongly urge President-elect Biden and his administration to chart a different path for US trade policy. Reducing trading costs and promoting a more predictable trading environment can help rebuild our economy, continue to attract investment in the US and ensure that America can maintain its position as one of the world’s leading innovators."
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
ccording to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,594,510 tonnes in the first nine months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market reached 880,130 tonnes in the nine months of 2020 (calculated using the formula: production minus exports plus imports, exluding producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.
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