There are governing bodies that regulate chemical manufacturers such as Global Chemical Manufacturer to ensure that they are following safety and quality procedures. In the United States, the EPA or Environmental Protection Agency is responsible for these tasks. The agency is currently deciding their fourth as well as their final rule in order to improve the safety standard in chemical manufacturing industry. This is not good news for manufacturers and distributors of petroleum and chemical products though as they could be paying over $20 million on a yearly basis.
The bill which is currently being revamped is the Toxic Substances Control Act also known as TSCA which proposes a fee about $20.05 million annually. The fee will be imposed on companies that are manufacturing, importing, processing or distributing chemical substances. The fees will also affect the coal and petroleum industry as well as wholesalers.
According to the rule, the total amount of the fee excludes the fees that are collected for risk evaluations under the request of the manufacturer. The proposed rule will start imposing the yearly fees beginning in October.
The EPA added that the fee is intended to help the agency cover costs incurred during TSCA and a portion will be allotted for the TSCA Service Fee Fund which is managed by the United States Treasury. With the fees, the agency will be able to implement its legal obligations because it has a sustainable source to depend on. The agency will be able to perform various activities including screenings based on risks, determining if the substances are low or high priority and performing risk 5 evaluations when a substance is suspected to have a negative impact on the environment and human health.
Scott Pruitt, the administrator of EPA, said that the fee will make sure that the highest standards will be followed when conducting the TSCA. EPA is currently making the process efficient so that the amendment can be completed as soon as possible. The fees will help the agency get the resources they need in order to conduct reviews on safety of chemicals.
The result is yet to be come out in the following weeks. It will affect chemical manufacturers in the United States but not Global Chemical Manufacturer which is based in Thailand.