50 YEARS OF GLOBAL CHEMICAL INDUSTRY EVOLUTION: WHAT’S NEXT?

| February 17, 2017

article image
Describing how petrochemicals continue to positively impact and transform practically every aspect of the world we live in, Theo Walthie said: “Chemicals is the industry of all industries!” Manufacturing, agriculture, transportation, food production and distribution, the appliances we use every day, medicine, communication, and information technology all both benefit from and rely on the petrochemical sector, the former DOW executive continued.

Spotlight

Magma Industries B.V.

Magma Industries has been providing quality fire retardant fluids, coatings, industrial additives and supplementary products with added value for well over 25 years. Magma got its start in 1990 as the fire retardant division of AD Chemicals. In 1993 Magma continued as an independent company. Since then, Magma became part of several International, investment companies but returned in 2010 in the AD International group.

OTHER ARTICLES

Transforming Recycled Plastic into Additives for Industrial and Consumer Products

Article | March 24, 2020

With a more increased focus on adding more recycled content to products, it’s becoming very apparent that innovation is required in order to meet these demands. During the Plastics Recycling Conference, Canadian cleantech company GreenMantra Technologies accepted the Association of Plastics Recyclers (APR) Showcase Award, which is given to companies who have a innovative and potentially game-changing idea to advance the recycling of plastics. GreenMantra Technologies is a clean technology company that utilizes a proprietary catalyst and patented depolymerization process to upcycle and transform recycled plastics into value-added synthetic waxes and specialty polymers.

Read More

Petrochemicals markets complexity is only going to grow and grow

Article | May 13, 2021

NICE WORK, if you get can get it. A trucking company in Fort Worth, Texas, is offering to pay experienced drivers $14,000 a week – $728,000 a year – as the US struggles with a nationwide shortage of truckers or lorry drivers. This reminds me of perhaps an apocryphal tale, from the height of the last Australian mining boom. Before iron ore prices collapsed in late 2014, there was a story about workers at mining site road junctions who operated manual “Stop and Go” signs. They were said to be earning more than Australian dollar (A$) 200,000 a year. Before you pack in your job as, say, a petrochemicals sales manager and head to Texas or mine sites in Western Australia, there is the risk that when you arrive at the door of your new prospective employer, the bubble might have already burst. This is assuming we are in bubble conditions.The pressure is clearly building in petrochemicals and other commodity markets as prices in some regions remain at record highs or continue to rise. Today’s prices are the results of shortages of commodities supply (for example in petrochemicals, an outcome of the US winter storms), very strong demand and supply chain disruptions.I am beginning to believe that the latter is the biggest reason for commodity price inflation which is feeding through into sharp rises in the cost of finished goods – and a lack of goods availability. It is delivering and manufacturing enough stuff that seems to be at the heart of today’s problems due to shortages of everything from container freight space and semiconductors to wooden pallets, tin cans, metal drums, cardboard – and US truck drivers.

Read More

6 APPLICATIONS OF MACHINE LEARNING IN OIL AND GAS

Article | March 4, 2020

The issue of environmental sustainability is a major concern for governments and players from the oil and gas industry worldwide. The negative impacts as a result of activities carried out by oil and gas companies have been a major tool not only for the livelihood and health of people but more so to the environment, such as pollution. The risk of environmental pollution, hazards and severity can be and will be reduced with the use of machine learning and deep learning in the years to come. There has been an amazing application in chemical engineering, process safety, process control tuning, advanced dynamic and process optimization. We can see that the Oil and Gas industry when we talk about software especially machine learning solutions didn’t have any innovation in the last 15 years.

Read More

Southeast polyolefins demand growth could be negative again in 2021

Article | July 13, 2021

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.

Read More

Spotlight

Magma Industries B.V.

Magma Industries has been providing quality fire retardant fluids, coatings, industrial additives and supplementary products with added value for well over 25 years. Magma got its start in 1990 as the fire retardant division of AD Chemicals. In 1993 Magma continued as an independent company. Since then, Magma became part of several International, investment companies but returned in 2010 in the AD International group.

Events