SOCMA is disappointed that the Office of the U.S. Trade Representative (USTR) will not reinstate an exclusion process for chemicals imported from China that are currently subject to a surtax under the Section 301 investigation of China.
SOCMA strongly supports the introduction of the Miscellaneous Tariff Bill Reform Act by Trade Subcommittee Chair Adrian Smith (R-NE) with nearly 20 cosponsors, including 17 Ways and Means Committee members. SOCMA has been advocating for MTB reauthorization since 2020 and focused on educating congressional offices on the Ways and Means Committee.
SOCMA commends the House Energy & Commerce Committee for holding a hearing earlier this week on EPA’s recently finalized Risk Management Program (RMP) rule. We are pleased that Members of Congress took action based on the educational efforts of SOCMA’s Advocacy Committee and publicly turned their attention to the overly prescriptive program, which creates security vulnerabilities and diverts resources from critical security, safety, and process improvements.
Registration is open for the 2025 SOCMA Show on February 19-21 in Nashville, TN. As the hub for the Specialty, Fine and Batch Chemical Industry, join more than 1000 leaders for B2B and commercial networking at the JW Marriott Nashville.
Today, EPA released a pre-publication of the risk management final rule for Methylene Chloride Regulation under the Toxic Substances Control Act (TSCA). While the proposed rule set out to ban almost all uses of methylene chloride, SOCMA was successful in winning allowances for several conditions of use that are critical for SOCMA members.
Platte River Equity (“Platte River”), a Denver-based private equity firm focused on aerospace, chemical, and industrial sectors, announced its portfolio company MFG Chemical (“MFG”), a specialty custom manufacturer of complex chemistries, has acquired H.P. Polymers (“HPP” or the “Company”).
Last week, the House Ways and Means and Senate Finance Committees held hearings on “The Administration’s 2024 Trade Priorities”, where US Trade Representative Katherine Tai appeared as a witness to discuss the President’s stances on current and potential trade programs.
The Society of Chemical Manufacturers and Affiliates (SOCMA) commends Congressman Dan Crenshaw (R-TX-02) for his proactive stance in introducing the Congressional Review Act Resolution aimed at overturning the Environmental Protection Agency's (EPA) Proposed Risk Management Program (RMP) Rule.
The ChemQuest Group, a global consulting firm focused on tailored business strategy and optimization, technology acceleration, market intelligence, and M&A advisory services for the specialty materials industry, welcomes two new global leaders to its team.
