Chemical Business Intelligence
By David Hannon -- Purchasing, 5/8/2008
20%Global annual demand for biofuels through 2011
Source: Freedonia Group
WHAT IT MEANS: Global growth is driven by North American demand where the farm lobby is especially powerful, driving increased demand in biofuels to push corn crops, according to Freedonia.
7-15%Increase in chemical prices announced by Nalco
Source: Nalco Co.
WHAT IT MEANS: Like many of its peers, the water treatment chemicals firm said it was forced to raise prices due to the increased cost of raw materials, energy and freight.
2.7%Increase in 1Q08 chemical rail car loadings
Source: Association of American Railroads
WHAT IT MEANS: Rail car loadings represent one-fifth of overall chemical volume in the U.S. An increase in those shipments is seen as an indicator of overall demand for chemicals in the U.S.
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