The Urethane Blog

Everchem Updates

VOLUME XXI

September 14, 2023

Everchem’s Closers Only Club

Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: read more

IRS issues Superfund chemical excise tax rates

IR-2022-132, June 24, 2022

WASHINGTON — The Internal Revenue Service announced today that it has prescribed tax rates for 121 taxable substances that are subject to the Superfund chemical excise tax imposed by section 4671(a) of the Internal Revenue Code (Code).

Taxable substances are those substances listed in either section 4672(a)(3) of the Code or Notice 2021-66. Substances may be added or removed from the list of taxable substances at a later date.

The rates will be included in the instructions to Form 6627, Environmental Taxes, and under Recent Developments for Form 6627, Environmental Taxes.

Taxable SubstanceTax Rate per Ton
1,3-butylene glycol $ 7.28
1,4 butanediol $ 4.68
1,5,9-cyclododecatriene $ 9.74
2-ethyl hexanol $ 7.16
2-ethylhexyl acrylate $ 7.34
acetone $ 20.06
acetylene black $ 10.52
acrylic acid resins $ 5.65
methacrylic acid resins $ 14.94
acrylonitrile $ 9.38
adipic acid $ 6.13
adiponitrile $ 8.57
allyl chloride $ 10.38
alpha-methylstyrene $ 9.93
ammonium nitrate $ 1.49
aniline $ 9.40
benzaldehyde $ 8.47
benzoic acid $ 7.31
bisphenol-A $ 10.23
butanol $ 6.31
butyl acrylate $ 6.84
butyl benzyl phthalate $ 12.15
carbon tetrachloride $ 10.62
chlorinated polyethylene $ 10.25
chloroform $ 10.51
chromic acid $ 4.37
cumene $ 9.74
cyclododecanol $ 9.05
cyclohexane $ 10.02
decabromodiphenyl oxide $ 17.99
di-2 ethyl hexyl phthalate $ 7.37
diethanolamine $ 6.01
diglycidyl ether of bisphenol-A $ 13.86
diisopropanolamine $ 12.76
dimethyl terephthalate $ 5.91
dimethyl-2, 6-naphthalene dicarboxylate $ 6.81
di-n-hexyl adipate $ 8.23
diphenyl oxide $ 13.73
diphenylamine $ 10.28
epichlorohydrin $ 12.89
ethyl acrylate $ 4.09
ethyl alcohol for nonbeverage use $ 5.94
ethyl chloride $ 4.52
ethyl methyl ketone $ 7.60
ethyl benzene $ 9.74
ethylene dibromide $ 9.03
ethylene dichloride $ 6.62
ethylene glycol $ 4.38
ethylene oxide $ 6.23
ferrochrome ov 3 pct. carbon $ 4.83
ferrochromium nov 3 pct $ 4.83
hexabromocyclododecane $ 9.11
hexamethylenediamine $ 8.93
isobutyl acetate $ 4.47
Isophthalic acid $ 6.23
isopropyl acetate $ 4.54
Isopropyl alcohol $ 6.82
linear alpha olefins $ 9.74
maleic anhydride $ 5.75
melamine $ 4.28
methyl acrylate $ 5.39
methyl chloroform $ 6.37
methyl isobutyl ketone $ 23.65
methyl methacrylate $ 14.75
methylene chloride $ 10.33
monochlorobenzene $ 10.12
monoethanolamine $ 5.96
monoisopropanolamine $ 11.74
nickel oxide $ 7.03
normal butyl acetate $ 4.47
normal propyl acetate $ 3.73
nylon 6/6 $ 8.67
ortho-dichlorobenzene $ 10.35
ortho-nitrochlorobenzene $ 7.49
para-dichlorobenzene $ 10.35
para-nitrochlorobenzene $ 7.49
para-nitrophenol $ 8.59
pentaerythritol $ 3.86
perchloroethylene $ 10.89
phenol $ 12.47
phenolic resins $ 9.86
phosphorous pentasulfide $ 2.49
phosphorous trichloride $ 6.21
phthalic anhydride $ 7.01
poly 1,4 butyleneterephthalate $ 7.21
poly(propylene)glycol $ 10.38
poly(propylene/ethylene)glycol $ 8.84
poly(propyleneoxy)sucrose $ 2.04
poly(propyleneoxy/ethyleneoxy)sucrose $ 2.57
polyalphaolefins $ 11.37
polybutadiene $ 9.74
polybutene $ 9.74
polybutylene $ 9.74
polybutylene/ethylene $ 9.74
polycarbonate $ 10.84
polyethylene resins, total $ 9.74
polyethylene terephthalate pellets $ 6.82
polypropylene $ 9.74
polypropylene resins $ 9.74
polystyrene homopolymer resins $ 9.93
polyvinylchloride resins $ 7.46
propanol $ 5.47
propylene glycol $ 10.38
propylene oxide $ 13.60
styrene $ 9.93
styrene-butadiene, latex $ 9.84
synthetic linear fatty alcohol ethoxylates $ 7.12
synthetic linear fatty alcohols $ 9.29
terephthalic acid $ 6.23
tetrabromobisphenol-A $ 14.79
tetrachlorophthalic anhydride $ 8.95
tetrahydrofuran $ 5.78
toluene diisocyanate $ 10.85
toluenediamine $ 9.18
trichloroethylene $ 10.79
triethanolamine $ 6.04
triisopropanolamine $ 12.84
trimethylolpropane $ 4.63
urea $ 3.01
vinyl acetate $ 3.83
vinyl chloride $ 7.46

https://www.irs.gov/newsroom/irs-issues-superfund-chemical-excise-tax-rates

IRS issues Superfund chemical excise tax rates

IR-2022-132, June 24, 2022

WASHINGTON — The Internal Revenue Service announced today that it has prescribed tax rates for 121 taxable substances that are subject to the Superfund chemical excise tax imposed by section 4671(a) of the Internal Revenue Code (Code).

Taxable substances are those substances listed in either section 4672(a)(3) of the Code or Notice 2021-66. Substances may be added or removed from the list of taxable substances at a later date.

The rates will be included in the instructions to Form 6627, Environmental Taxes, and under Recent Developments for Form 6627, Environmental Taxes.

Taxable SubstanceTax Rate per Ton
1,3-butylene glycol $ 7.28
1,4 butanediol $ 4.68
1,5,9-cyclododecatriene $ 9.74
2-ethyl hexanol $ 7.16
2-ethylhexyl acrylate $ 7.34
acetone $ 20.06
acetylene black $ 10.52
acrylic acid resins $ 5.65
methacrylic acid resins $ 14.94
acrylonitrile $ 9.38
adipic acid $ 6.13
adiponitrile $ 8.57
allyl chloride $ 10.38
alpha-methylstyrene $ 9.93
ammonium nitrate $ 1.49
aniline $ 9.40
benzaldehyde $ 8.47
benzoic acid $ 7.31
bisphenol-A $ 10.23
butanol $ 6.31
butyl acrylate $ 6.84
butyl benzyl phthalate $ 12.15
carbon tetrachloride $ 10.62
chlorinated polyethylene $ 10.25
chloroform $ 10.51
chromic acid $ 4.37
cumene $ 9.74
cyclododecanol $ 9.05
cyclohexane $ 10.02
decabromodiphenyl oxide $ 17.99
di-2 ethyl hexyl phthalate $ 7.37
diethanolamine $ 6.01
diglycidyl ether of bisphenol-A $ 13.86
diisopropanolamine $ 12.76
dimethyl terephthalate $ 5.91
dimethyl-2, 6-naphthalene dicarboxylate $ 6.81
di-n-hexyl adipate $ 8.23
diphenyl oxide $ 13.73
diphenylamine $ 10.28
epichlorohydrin $ 12.89
ethyl acrylate $ 4.09
ethyl alcohol for nonbeverage use $ 5.94
ethyl chloride $ 4.52
ethyl methyl ketone $ 7.60
ethyl benzene $ 9.74
ethylene dibromide $ 9.03
ethylene dichloride $ 6.62
ethylene glycol $ 4.38
ethylene oxide $ 6.23
ferrochrome ov 3 pct. carbon $ 4.83
ferrochromium nov 3 pct $ 4.83
hexabromocyclododecane $ 9.11
hexamethylenediamine $ 8.93
isobutyl acetate $ 4.47
Isophthalic acid $ 6.23
isopropyl acetate $ 4.54
Isopropyl alcohol $ 6.82
linear alpha olefins $ 9.74
maleic anhydride $ 5.75
melamine $ 4.28
methyl acrylate $ 5.39
methyl chloroform $ 6.37
methyl isobutyl ketone $ 23.65
methyl methacrylate $ 14.75
methylene chloride $ 10.33
monochlorobenzene $ 10.12
monoethanolamine $ 5.96
monoisopropanolamine $ 11.74
nickel oxide $ 7.03
normal butyl acetate $ 4.47
normal propyl acetate $ 3.73
nylon 6/6 $ 8.67
ortho-dichlorobenzene $ 10.35
ortho-nitrochlorobenzene $ 7.49
para-dichlorobenzene $ 10.35
para-nitrochlorobenzene $ 7.49
para-nitrophenol $ 8.59
pentaerythritol $ 3.86
perchloroethylene $ 10.89
phenol $ 12.47
phenolic resins $ 9.86
phosphorous pentasulfide $ 2.49
phosphorous trichloride $ 6.21
phthalic anhydride $ 7.01
poly 1,4 butyleneterephthalate $ 7.21
poly(propylene)glycol $ 10.38
poly(propylene/ethylene)glycol $ 8.84
poly(propyleneoxy)sucrose $ 2.04
poly(propyleneoxy/ethyleneoxy)sucrose $ 2.57
polyalphaolefins $ 11.37
polybutadiene $ 9.74
polybutene $ 9.74
polybutylene $ 9.74
polybutylene/ethylene $ 9.74
polycarbonate $ 10.84
polyethylene resins, total $ 9.74
polyethylene terephthalate pellets $ 6.82
polypropylene $ 9.74
polypropylene resins $ 9.74
polystyrene homopolymer resins $ 9.93
polyvinylchloride resins $ 7.46
propanol $ 5.47
propylene glycol $ 10.38
propylene oxide $ 13.60
styrene $ 9.93
styrene-butadiene, latex $ 9.84
synthetic linear fatty alcohol ethoxylates $ 7.12
synthetic linear fatty alcohols $ 9.29
terephthalic acid $ 6.23
tetrabromobisphenol-A $ 14.79
tetrachlorophthalic anhydride $ 8.95
tetrahydrofuran $ 5.78
toluene diisocyanate $ 10.85
toluenediamine $ 9.18
trichloroethylene $ 10.79
triethanolamine $ 6.04
triisopropanolamine $ 12.84
trimethylolpropane $ 4.63
urea $ 3.01
vinyl acetate $ 3.83
vinyl chloride $ 7.46

https://www.irs.gov/newsroom/irs-issues-superfund-chemical-excise-tax-rates

June 24, 2022

New Home Sales

New Home Sales Unexpectedly Rebounded In May As Prices Plunged

by Tyler DurdenFriday, Jun 24, 2022 – 10:13 AM

Following the disappointing tumble in existing home sales (to 2 year lows), analysts expect a modest drop in new home sales in May of just 0.2% MoM (after April’s 16.6% MoM plunge). Instead, new home sales spiked 10.7% MoM (from an updwardly revised -12% MoM print in April) – despite soaring mortgage rates…

Source: Bloomberg

New home sales SAAR bounced from near COVID lockdown lows to 696k from an upwardly revised 629k…

Source: Bloomberg

New Home average price tumbles from $569.5K to $511.4K, the lowest since Jan.

New home prices are falling relative to existing home prices…

Earlier this month, the average rate for a 30-year loan posted its largest one-week increase since the 1980s. It’s risen even further since then.

“Supply remains limited across the country,” Miller said.

“Clearly, production must catch up to the growing household numbers as production of dwellings over the past decade has lagged prior decades by as many as 5 million homes.”

A separate report out last week showed US homebuilder sentiment slid to a two-year low in June, the sixth-straight decline, as rising inflation and higher mortgage rates weighed on demand.

The pickup in sales may also reflect some buyers locking in their mortgage rate in anticipation of even higher borrowing costs.

https://www.zerohedge.com/personal-finance/new-home-sales-unexpectedly-rebounded-may-prices-plunged

June 24, 2022

New Home Sales

New Home Sales Unexpectedly Rebounded In May As Prices Plunged

by Tyler DurdenFriday, Jun 24, 2022 – 10:13 AM

Following the disappointing tumble in existing home sales (to 2 year lows), analysts expect a modest drop in new home sales in May of just 0.2% MoM (after April’s 16.6% MoM plunge). Instead, new home sales spiked 10.7% MoM (from an updwardly revised -12% MoM print in April) – despite soaring mortgage rates…

Source: Bloomberg

New home sales SAAR bounced from near COVID lockdown lows to 696k from an upwardly revised 629k…

Source: Bloomberg

New Home average price tumbles from $569.5K to $511.4K, the lowest since Jan.

New home prices are falling relative to existing home prices…

Earlier this month, the average rate for a 30-year loan posted its largest one-week increase since the 1980s. It’s risen even further since then.

“Supply remains limited across the country,” Miller said.

“Clearly, production must catch up to the growing household numbers as production of dwellings over the past decade has lagged prior decades by as many as 5 million homes.”

A separate report out last week showed US homebuilder sentiment slid to a two-year low in June, the sixth-straight decline, as rising inflation and higher mortgage rates weighed on demand.

The pickup in sales may also reflect some buyers locking in their mortgage rate in anticipation of even higher borrowing costs.

https://www.zerohedge.com/personal-finance/new-home-sales-unexpectedly-rebounded-may-prices-plunged

BASF to build battery recycling facility in Brandenburg

BASFBatteriesbattery cellsBrandenburgGermanyRecyclingResourcesSchwarzheidesuppliers

BASF will build a plant for recycling black mass from batteries on an industrial scale in Schwarzheide, Brandenburg – where BASF’s pilot recycling plant is also located. Commissioning of the large plant is planned for early 2024.

The annual processing capacity is to be 15,000 tonnes – old electric car batteries and material that does not meet production specifications will be recycled. The latter can come from the immediate vicinity: As is well known, BASF is also building its German factory for cathode materials in Schwarzheide. Scrap and offcuts can therefore be reprocessed directly on site.

In the press release, the company describes the site as “ideal for the development of battery recycling activities”. Not only because of its own production on site, but “because there are many manufacturers of electric cars and cell producers in Central Europe”. The plant is expected to create about 30 jobs. The company does not specify the amount of the investment.

The so-called ‘black mass’ is produced in the first phase of battery recycling. After the mechanical treatment of the battery (i.e. dismantling and crushing), components such as plastics and aluminium can already be filtered out. What remains is the black mass, which contains large quantities of the battery’s active materials – such as lithium, nickel, cobalt and manganese. To separate this mass back into the individual materials (which are then used to produce new cathodes), water and chemicals are used in the hydrometallurgical process.

“With this investment in a commercial scale battery recycling black mass plant, we take the next step to establish the full battery recycling value chain at BASF. This allows us to optimize the end-to-end recycling process and reduce the CO2 footprint,” says Peter Schuhmacher, head of BASF’s Catalysts division. “The closed loop from end-of-life batteries to CAM for new batteries, supports our customers along the entire battery value chain, reduces the dependency from mined raw materials and enables a circular economy.”

The groundbreaking for cathode material production in Schwarzheide took place in November 2020. About a month later, the group confirmed it would also build the recycling pilot plant on site. At the pilot plant, which is scheduled to come on stream this year, BASF aims to optimise operating procedures to achieve higher recovery of lithium, nickel, cobalt and manganese from spent lithium-ion batteries.

https://www.electrive.com/2022/06/21/basf-to-build-battery-recycling-facility-in-brandenburg/