US regulatory overreach threatens chemical industry competitiveness

NEW YORK (ICIS)–US regulatory policies are proliferating in a power vacuum and holding the chemical industry back, adding roadblocks to the government’s own sustainability agenda, said the CEO of the American Chemistry Council (ACC).

The US chemical industry enjoys major structural advantages – a positive tax climate, energy abundance and over $1 trillion in stimulus from the Inflation Reduction Act (IRA), the CHIPS and Science Act (semiconductors) and the Infrastructure Investment and Jobs Act, he said.

 

 

Published by: www.icis.com

Joseph Chang

19-Jan-2024