Capturing value from blockchain in the Chemicals and Petroleum industry

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In the industry cost-pressure environment, blockchain can drive substantial efficiency, fraud prevention and cost take out. The adoption of this technology will enable faster, permissioned, immutable, transparent and auditable business-to-business interactions between Chemicals and Petroleum (C&P) companies and their suppliers, distributors, financial institutions, or regulators.

Spotlight

S&D Chemicals

S&D Chemicals is Sri Lankan based chemical manufacturing company which was established in 1998. Since then, the company has grown many folds and has diversified into a variety of products and intermediates for Textile processing and Garment Wet Processing, Personal Care, Home Care, Adhesives, Sealants, Surface Coatings, and Industrial Chemicals for the Rubber Industry and for Water Treatment. Being one of the very few companies with polymerization capabilities in the country, we manufacture and supply a number of polymers to different industry segments of the market.

OTHER ARTICLES

Coronavirus and the petrochemicals industry

Article | April 2, 2020

The coronavirus outbreak has touched virtually every aspect of modern life. For the petrochemicals industry, the landscape is shifting at an alarming pace. Only one thing seems certain: the coming decade will be shaped by this crisis. Consumer behaviour, investment decisions, the corporate landscape and even the path of globalisation will be influenced by its effects. Two immediate major shockwaves are linked to economic activity and feedstock pricing. The global economy is heading for recession. Our thinking has moved from an economic slowdown to a deep global recession, with the potential for a slow recovery. This has dramatic implications for the industry.

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Pulmonary toxicity – a challenge for drug and chemical development

Article | April 2, 2020

Despite the common assumption that adverse drug reactions only affect the kidney and liver, more than 600 medications inducing lung toxicity have been reported.1 Lungs are susceptible to toxicity due to their large surface area and metabolism of certain substances2, such as antibiotics and anti-inflammatories, and specialist drugs targeting the cardiovascular system and tumours. This has resulted in 4-10% of patients developing pulmonary toxicity.

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Petrochemicals in PA: What You Need to Know

Article | April 2, 2020

A bill recently passed by the Pennsylvania General Assembly would subsidize the use of fracked gas to produce petrochemicals. At some point—i.e., at a time chosen by the state Senate—H B 1100 will be sent to Governor Wolf, who has promised a veto despite override threats. Meanwhile, Pennsylvanians are trying to understand the bill and its potential impacts. That hasn't been easy, because as with the petrochemical subsidy bills Pennsylvania enacted in 2012, the General Assembly has not held a single hearing on the legislation. The purpose of this blog is to help fill that gap.

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6 APPLICATIONS OF MACHINE LEARNING IN OIL AND GAS

Article | April 2, 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.

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Spotlight

S&D Chemicals

S&D Chemicals is Sri Lankan based chemical manufacturing company which was established in 1998. Since then, the company has grown many folds and has diversified into a variety of products and intermediates for Textile processing and Garment Wet Processing, Personal Care, Home Care, Adhesives, Sealants, Surface Coatings, and Industrial Chemicals for the Rubber Industry and for Water Treatment. Being one of the very few companies with polymerization capabilities in the country, we manufacture and supply a number of polymers to different industry segments of the market.

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