Chemical industry off to a strong 2017

MELODY M. BOMGARDNER | April 28, 2017

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Chemical firms releasing first-quarter financial results are reporting strong demand for a broad range of products including seeds, electronic materials, and even textile dyes. Several firms posted earnings growth that exceeded expectations.

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Coronavirus Impact on Fine Chemical Supply Chain

Article | March 6, 2020

Coronavirus, more accurately referred to as COVID-19, is beginning to impact global supply chains in a tangible way. Although it is impossible to forecast the effect of numerous epidemics worldwide on the fine chemical supply chain specifically, reports suggest that as much as 94% of the Fortune 1000 are already experiencing coronavirus-related supply disruptions. Fortune cites the devastating 2011 tsunami as a case study of how unforeseeable disasters can severely disturb supply chains with far-reaching ramifications. Damage to Mitsubishi Gas Chemical factories in the area affected by the tsunami led to a shortage of bismaleimide triazine (BT) resin; a critical material for electronic substrates.

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Demographics are reshaping petrochemicals trade flows, investment patterns and demand

Article | May 23, 2021

TEN YEARS AGO, fellowblogger Paul Hodgesand Ifirst highlighted the leading rolethat changing demographics would play in reshaping petrochemicals supply and demand. We have been emphasising the importance of demographics ever since. Demographics have, of course, always been a critical shaper of economies throughout human history. But during the last 70 years, there have been such major changes in demographics that the study of demographics must be at the very heart of your company’s strategy. The Babyboomer generation in the West led to a surge in demand as the rapid increase in babies born in the 1950s and early 1960s joined the workforce from the 1970s onwards. This helps explain high levels of inflation during that decade because too much demand was chasing too little supply. Another driver of inflation was the Middle East embargos against oil exports to the West because of the West’s support for Israel. Then came the 1990s and first the integration of Eastern Europe into the global economy. This helped dampen inflationary pressures because of the plentiful supply of workers in the east willing to work for low wages in export-focused factories. This reduced the cost of finished goods in the West. Next came Deng Xiaoping’s critically important“southern tour”in the early 1990s and China’s gradual integration into the global economy. China increasingly leveraged its very youthful population to again make cheap goods to export to the West. Hundreds of millions of young people were willing to migrate from the countryside to China’s coastal cities to work in export-focused manufacturing plants. The world began to talk about the “China price” and how it was further depressing global inflation.

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What the Coronavirus could mean for the global petrochemical industry?

Article | March 10, 2020

Coronavirus (covid-19) has developed rapidly and is already impacting significant parts of the global economy. Within this context the petrochemical industry is also being severely affected through short-term market uncertainties, pricing volatility and declining consumption in many of its key segments. The most visible outcome is emanating from China where economic activity has declined sharply in February and is forecast to remain low over the next few months. The effect of China’s economic slowdown is now resulting in consequences in other regions – “when china sneezes, the whole world catches a cold”.

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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.

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Water Standard

Water Standard is a global water treatment specialist and recognized leader in delivering innovative solutions and services to the energy industry. The company specializes in compact modular systems and mobile onshore and offshore facilities, offering flexible contract options for products and services ranging from specialized engineering and design, to turn-key and rental systems.

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