Chemicals trends analyzer

| November 21, 2017

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Specialty chemicals is driven by increased demand in end-user industries such as construction, automotive and electronics. Industrialization in Asia-Pacific supplemented by low labor cost and economic growth also drives demand. Fertilizers and agrochemicals industry will be driven by agricultural income in emerging countries, international trade patterns, environmental laws and increasing end-user demand.

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P2 Science, Inc

We are a venture-backed, renewable chemicals company, co-founded by Yale scientists, a chemical industry CEO, and Elm Street Ventures, an early-stage venture fund. P2 Science has developed a unique, bio-refining process for converting biomass—including vegetable oils—into high-value, specialty chemicals. These include flavor and fragrance ingredients, and many of our products are today available only from petrochemical sources.

OTHER ARTICLES

Taiwan Amends the Toxic Chemical Substance Operators Liability Insurance Measures

Article | March 1, 2020

Taiwan amended the Toxic Chemical Substances Operation Liability Insurance Measures and renamed it the Toxic and Concerned Chemical Substance Operators Liability Insurance Measures. The Measures require operators to obtain liability insurance before operation if the total amount during the manufacture, use, storage, and transportation of toxic chemicals of the first to third categories or hazardous chemical substances of concern reach a specified benchmark.

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Energy portfolio restructuring: Charting the future

Article | June 17, 2021

Consumer needs and preferences in the energy industry are evolving. Environmental, social and governance (ESG) concerns are becoming more acute—inspiring action and shifting value towards low-carbon solutions. These trends accelerated in 2020 and for the first time, market capitalization of leading low-carbon solutions companies began to overtake those of oil and gas (O&G) majors. This is despite the majors laying out energy transition strategies, setting low carbon energy targets and generating higher revenues by an order of magnitude.1 In response to this radically changing landscape, energy companies are charting divergent courses for their futures. Some continue to bet on their ability to generate returns from the O&G value chain. They are focusing on growing margins and lowering carbon intensity. Others are supplementing their capabilities with low-carbon energy solutions or exiting hydrocarbons altogether. This blog focuses on the path forward for the energy majors in Europe who are betting big on diversification.

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Survey Report: The State of Intelligent Operations in Oil and Gas

Article | June 11, 2021

Intelligent Operations can play a vital role in creating connected content environments, however, many companies – especially within oil and gas – having been slow on the uptake. Businesses that implement digital transformation initiatives often gain a competitive advantage over their rivals, as they benefit from reductions in human error, increases in productivity and further support for compliance efforts. This report, produced in collaboration with OpenText, dives into the results of our Intelligent Operations in Oil and Gas Survey 2020, revealing where the industry is in terms of its adoption of Intelligent Operations and the hurdles it needs to overcome to truly embrace digital platforms and solutions.

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Petrochemical buyers, after a very difficult pandemic, can gain from China-driven deflation

Article | May 6, 2021

BUYERS OF polypropylene (PP) and other polymers and petrochemicals have had an incredibly difficult pandemic. Firstly, the converters and brand owners expected doom and gloom last March. At the time it seemed logical to expect a cratering of demand as the global economy pretty much imploded. Just looking at forecasts for GDP, parallels were drawn with the Global Financial Crisis when collapses in growth led to a cratering of polymers demand. The US is a good example where PP demand declined by 12% in 2008 over 2007. Demand then fell by a further 5% in 2009 over 2008.But what we all missed was the complete dislocation of polymers and petrochemicals demand from GDP. As economies registered historic declines, consumption went up. PP demand went through the roof, firstly for food packaging and hygiene applications.Then consumption for the durable goods made from PP also smashed through the rafters as we bought white goods (PP is used to make components of washing machines), consumer electronics (PP is used to make some electronic components) and carpets (PP fibres are used here).

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Spotlight

P2 Science, Inc

We are a venture-backed, renewable chemicals company, co-founded by Yale scientists, a chemical industry CEO, and Elm Street Ventures, an early-stage venture fund. P2 Science has developed a unique, bio-refining process for converting biomass—including vegetable oils—into high-value, specialty chemicals. These include flavor and fragrance ingredients, and many of our products are today available only from petrochemical sources.

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