According to the American Chemistry Council (ACC), the U.S. chemical industry is expected to see a 3.2 percent gain in production volumes this year. The ACC’s mid-year report said that 2016 would realize approximately a 3.0 percent increase, slightly down from the outlook published for 2014. The strong U.S. dollar was cited as a heavy influence on their projections. Not including pharmaceuticals, a 4.1 percent gain in 2015 will be followed by a 3.5 percent increase in 2016. An influx of new investment and new capacity fueled by a competitive marketplace will provide the impetus needed for continued improvement. If the predictions are accurate, the U.S. chemical industry will outpace the overall U.S. economy.
The Chemical Company recently donated 100 pairs of binoculars to several local nonprofit organizations. One of these organizations includes Save The Bay, a RI-based nonprofit