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2019 Top Trends in Chemical and Material Industry
| January 16, 2019
Advance Research Chemicals, Inc. (ARC) offers customer focused solutions to basic and advanced chemical applications. In business for over 25 years, we owe our success to valued customer relationships.
Article | February 21, 2020
Plant explosion may feel like a familiar news headline to Texans. But why? It's not the case in other areas of the country. Why do explosions seem so prevalent here? A straightforward reason for the unusual number of explosions in Texas is the type of industries that drive its economy. Texas is the nation's leader when it comes to petroleum refining and chemical product production. Refineries and production plants handle volatile chemicals. Without proper monitoring and safety measures, dangerous explosions can result.
When it comes to the circular economy transition, plastics recycling is as much of a challenge as an opportunity. Today, around 25.8 million tons of plastic waste are generated in Europe every year, with less than 30 percent of it getting collected for recycling. This is a huge loss of valuable resources to the economy, and with a huge cost to the environment. Could chemical recycling be part of the ultimate solution, making the plastics value chain more circular whilst providing a profitable new industry branch.
As an industrial hygienist, you spend a lot of your time making data-driven decisions. Have you considered the impact of the traceability of the safety data sheets (SDSs) you use to protect your workers? SDSs contain a wealth of information that needs to be evaluated, but who’s writing and reviewing them? Is it someone who has been recognized as a Safety Data Sheet Registered Professional (SDSRPTM)—an expert in their area of practice? The SDSRP designation may not be widely recognizable yet, but it is a very important and unique program in the world of hazard communication.
BEFORE the pandemic, GDP growth rates in the developing world were always higher than in developed economies.And because developing economies had much lower levels of petrochemicals consumption than their rich counterparts, it meant that the multiples over GDP were higher than in the rich word, where consumption was pretty much saturated.
For instance, polyethylene (PE) demand in a developed country such as Germany might have grown at 0.3% times GDP whereas in Indonesia the growth could have been one or more times higher than the rate of growth in GDP.But as The Economist wrote in this 11 July article: “In 2021 the poorest countries, which are desperately short of vaccines, are forecast to grow more slowly than rich countries for only the third time in 25 years.”
Might the multiples over GDP growth also be adversely affected in the developing world, trending lower than the historic norms?
They will almost certainly remain higher than the rich countries. But here is the thing: as millions more people are pushed back into extreme poverty by the pandemic or are denied the opportunity to achieve middle-income status, I believe that developing-world multiples may well decline.Escaping extreme poverty means being able to, say, afford a whole bottle of shampoo for the first time rather than a single-serve sachet, thereby raising per capita polymers consumption.
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