Controlling Complexity in the Chemical Industry

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The chemical industry is changing rapidly. Major players are remaking and updating product portfolios they have pursued for decades. Through recent M&A activity, some companies are increasing their scale and critical mass, while others, such as BASF and Dow, are pursuing new, more customer-focused specialty areas.

Spotlight

Taylor Technologies, Inc.

Taylor Technologies is one of America's leading manufacturers of products for analyzing water chemistry on-site. Nearly 600 different test-kit configurations are offered, with options for wet- and dry-chemistry methods as well as microprocessor-based instruments. Founded as W. A. Taylor & Company in 1930 in Baltimore, we were incorporated in 1967 as Taylor Chemicals. In 1980 the third and present generation of ownership committed to expanding the company's capabilities to all areas of water analysis and our name was changed in 1986 to reflect that expanded vision.

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CHEMICAL MANAGEMENT

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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CHEMICAL TECHNOLOGY

Closing the loop: Real-time measurement of oil in water for process facilities

Article | May 6, 2021

When an oilfield’s reservoir pressure is depleted during primary recovery, additional oil can be recovered by recycling the produced water and injecting it back into the reservoir. Water management is critical for such water and water-alternating-gas (WAG) floods. In its Permian basin operations, Occidental recovers, recycles, and re-injects large volumes of water for its enhanced oil recovery (EOR) operations. With real-time monitoring of oil in water (OiW) delivering reliable and continuous data, Occidental identified a way to optimize the recovery process and is working with NOV to expand the use of OiW monitoring equipment.

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COVID-19: Managing disruption in the chemical industry

Article | May 6, 2021

The chemical industry is no stranger to disruption, from SARS to trade policy conflict and the financial crisis. Yet COVID-19 is unprecedented in its impact, creating a universal imperative for governments and businesses to take immediate action to protect their people. Unlike many other sectors, the chemical industry is not in a position to stop production and send workers home. Instead, it needs to strike the right balance between “social distancing” and keeping plants running to provide the basic necessities for society, as well as the antiseptics, disinfectants, protective packaging and more needed to fight the pandemic.

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How Chemical Companies Benefit from the Experience Economy

Article | May 6, 2021

To feel or experience from a business engagement started with customer experience mainly in the consumer products business. Today it has extended to even knowledge industries like the chemical industry where experiencing or feeling can be leveraged to include all stake holders from customers primarily to employees to supply chain people & suppliers and all else. With digital technologies this has become easier than before. The benefits from promoting the ‘feel’ or ‘experience’ emotion could be multifarious for the chemical industry as described in this article.

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Spotlight

Taylor Technologies, Inc.

Taylor Technologies is one of America's leading manufacturers of products for analyzing water chemistry on-site. Nearly 600 different test-kit configurations are offered, with options for wet- and dry-chemistry methods as well as microprocessor-based instruments. Founded as W. A. Taylor & Company in 1930 in Baltimore, we were incorporated in 1967 as Taylor Chemicals. In 1980 the third and present generation of ownership committed to expanding the company's capabilities to all areas of water analysis and our name was changed in 1986 to reflect that expanded vision.

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