Cyber Resilience in the Oil and Gas Industry: Playbook for Boards and Corporate Officers

May 17, 2021 | 119 views

To help the energy industry improve its resilience against cyber risk, the World Economic Forum has convened over 40 senior executives to establish a blueprint for evaluating cyber risk across the oil and gas industry. This White Paper is the result of their in-depth discussions to illuminate the industry’s best practices and create new solutions for corporate leaders to address cyber risk. It presents six principles to help boards at oil and gas companies govern this risk and strengthen their organization’s cyber resilience. Adopting them will support the industry in its efforts to continue delivering safe, affordable and low-carbon energy for decades to come.

Spotlight

Staroba Plastics

Staroba Plastics is a family-owned injection molding manufacturer working in the construction, automotive and consumer products markets since 1969. For over 30 years our customers have been able to proudly declare our products as “Made in the USA” since the company moved to Western New York in 1980. Today, Staroba Plastics continues as a full-service plastics manufacturer in our 180,000 square foot facility located in the Town of Holland.

OTHER ARTICLES
Chemical Technology

Guyana-Suriname basin: Rise from obscurity to super potential

Article | June 11, 2021

Recent discoveries in the Guyana-Suriname basin attest to estimates of 10+ Bbbl of oil resources and more than 30 Tcf of gas.1 Like many oil & gas successes, this is a story that begins with early exploration success onshore, followed by a long period of exploration disappointment in coastal to shelf regions offshore, eventually culminating in deepwater success.

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Chemical Technology

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

Article | July 14, 2022

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

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

Article | August 2, 2022

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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Chemical Technology

Reimagining the Workforce with Anglo American

Article | June 21, 2021

“At Anglo-American, we’re really focused on finding the best ways to attract the most talented people in the industry and effectively equipping our existing workforce based on what they need today and what the future will mean for their careers. We’re also committed to providing learning opportunities that lead to growth and development in the communities in which we operate. Our people are a strategic advantage. We want to ensure that continues to be the case as the mining industry evolves and faces more disruption.

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Spotlight

Staroba Plastics

Staroba Plastics is a family-owned injection molding manufacturer working in the construction, automotive and consumer products markets since 1969. For over 30 years our customers have been able to proudly declare our products as “Made in the USA” since the company moved to Western New York in 1980. Today, Staroba Plastics continues as a full-service plastics manufacturer in our 180,000 square foot facility located in the Town of Holland.

Related News

Chemical Technology, Raw Materials

NOVA Chemicals and Plastic Energy Launch Feasibility Study on Advanced Recycling Plant to Further Canadian Circularity Aspirations

Webwire | July 05, 2023

NOVA Chemicals Corporation (“NOVA Chemicals”) and Plastic Energy have entered into an agreement to explore the feasibility of developing a pyrolysis-driven advanced recycling facility in the Sarnia, Ontario region. If constructed, the facility would be the largest of its kind in Canada with a potential initial capacity of 66kt per annum. “Post-use plastics offer tremendous value to furthering the circular economy, and our teams at NOVA Chemicals work daily to innovate new and collaborative ways to extend the lifecycle of our products and plastic packaging,” said Greg DeKunder, VP, NOVA Circular Solutions. “This agreement with Plastic Energy is a prime example of two companies working together to create timely, effective, and sustainable solutions that will help us make progress towards our 2030 recycled plastics ambitions while diverting hard-to-recycle segments of plastic waste away from landfills.” Plastic Energy is one of the world’s leading advanced recycling technology companies through use of its patented TAC™ process to treat post-consumer plastic waste. Recycled polyethylene manufactured using Plastic Energy-produced feedstock, called TACOIL™, has identical properties to virgin polyethylene and can be used in food contact and high-performance applications, helping manufacturers and packagers achieve their recycled content goals. Plastic Energy has two commercial recycling plants in Spain that have been in operation for seven years, alongside new projects in Europe and Asia. “We are pleased to sign this agreement with NOVA Chemicals to explore the scope for our first advanced recycling project in Canada,” said Carlos Monreal, Founder and CEO of Plastic Energy. “Advanced recycling will continue to be important for the North American market by providing a solution for incorporating recycled content into food-grade packaging. Together with NOVA Chemicals, we aim to reduce the amount of plastic waste ending up in landfills, incineration, or as leakage into the environment, which is important for the circular economy in Canada.” NOVA Chemicals recently announced its aspiration to reach 30 per cent recycled content as a share of its total polyethylene sales by 2030 in its Roadmap to Sustainability Leadership, including its commitment to build a state of the art mechanical recycling business and continue exploring world-leading and proven advanced recycling technologies. If built, this new facility would see NOVA Chemicals build on its already CAD 2 billion investment into Ontario to inject additional new technology, jobs, and long-term viability into the local and Canadian economies. About NOVA Chemicals Corporation NOVA Chemicals aspires to be the leading sustainable polyethylene producer in North America. Our driving purpose is to reshape plastics for a better, more sustainable world by delivering innovative solutions that help make everyday life healthier and safer and acting as a catalyst for a low carbon, zero-plastic-waste future. NOVA Chemicals’ innovative and quality product offerings, value chain collaboration, and unique customer experience is what sets us apart; our customers use our products to create easy-to-recycle and recycled content films, packaging, and products. Our employees work to ensure health, safety, security, and environmental stewardship through our commitment to Sustainability and Responsible Care®. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, has nearly 2,500 employees worldwide and is wholly owned by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates. About Plastic Energy Plastic Energy is a global leader in advanced recycling, offering a sustainable solution to help prevent plastic waste, transforming previously unrecyclable plastic waste into a valuable resource. Our patented and proven advanced recycling technology converts end-of-life plastic waste into an optimal feedstock (TACOIL™) for making virgin-quality recycled plastics. Plastic Energy currently has two chemical recycling plants that are in constant operation in Spain and is one of the few companies worldwide that has sold TACOIL™ from the conversion of end-of-life plastic waste to replace fossil oils in the manufacturing of new plastics. We are leading our field in the transition to a low-carbon circular economy for plastics. Learn more on our website at www.plasticenergy.com.

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Chemical Management

JAGGAER and Chemwatch to Deliver Industry-Leading Chemicals Search and Management Solution

businesswire | September 01, 2023

JAGGAER, the global leader in Autonomous Commerce, is collaborating with Chemwatch, the international leader in enhanced chemicals management, to enable researchers to comply with safety standards across the full lifecycle for chemical reagents while saving on time and cost. The integration gives users of JAGGAER Research Material Management (RMM), the industry-leading solution for acquiring and managing commercial reagents and lab supplies, access to more than 140 million Chemwatch Safety Data Sheets (SDS). The integration will be available to mutual customers in Q3 2023. It will enable them to view Safety Data Sheets and use the associated indexed data in real time. “Extending our solutions through partnerships like this is at the heart of our Autonomous Commerce strategy to make customers stronger, faster and more agile while reducing costs and risks,” said JAGGAER Chief Product Officer, Dawn Andre. Regulations require organizations to maintain a supplier-specific SDS for each chemical in their inventory. While that’s already a significant task for a manufacturing or MRO operation, for even moderately large research labs that often have inventories of more than 50,000 products – and constantly expanding – the challenge becomes truly daunting. Service organizations have been the traditional answer, but with annual charges per document, cost can be a serious barrier. “The new JAGGAER RMM-Chemwatch integration is highly automated, minimizing manual review and attention, so you get the benefits of the full-service approach at a lower, predictable annual cost,” said Tom Russell, General Manager, RMM Solutions. “We’ve been aware of Chemwatch for some time now and have watched their evolution to provide the largest and most comprehensive, rigorously maintained collection of supplier-specific content for materials used in research labs. Coupling JAGGAER’s approach to acquisition and material inventory with their data and flexible API offers the opportunity to bring a uniquely new and valuable capability to the market,” Russell added. “JAGGAER RMM gives researchers a first-class integrated buying experience. Combined with Chemwatch data and our API, researchers can now automate the identification of vendor-specific documents in the full Chemwatch collection, directly from the purchase process. This will inform the full lifecycle for chemical reagents and lab supplies from acquisition through waste, enabling consistent and informed access and reporting, and reducing risk, while saving time and cost,” said Dr. Bernie Bialkower, Principal, Chemwatch. “The Chemwatch API already offers real-time access to data that RMM customers previously obtained from third-party suppliers. With this in place, we are exploring other ways in which Chemwatch can provide further information and add more value,” Russell concluded. About Chemwatch Chemwatch is a world leader in the chemicals management space. With over 30 years’ experience, they specialize in chemical safety across a range of sectors, including education, healthcare, mining, governments and manufacturing. An international company headquartered in Australia, Chemwatch has offices throughout the US, Europe and Asia-Pacific regions. Chemwatch offers their clients access to over 140 million SDS and support in over 90 countries, with access to 50 languages. They also provide a range of other services, including SDS authoring Chemicals Management SDS management Risk Assessment analysis Asset management via barcode and RFID Chemical regulatory compliance About JAGGAER JAGGAER is leading the Autonomous Commerce revolution, a self-governing B2B commerce experience between buyers, suppliers, things (IoT) and partners. Over $500 billion worth of goods flows frictionlessly through our Enterprise Commerce Network every year. Leveraging AI and machine learning, our intelligent procurement solutions provide enterprise buyers and suppliers smart-match recommendations that align buyer needs with supplier capabilities. Our solutions autonomously execute many of the repetitive, behind-the-scenes tasks required to facilitate enterprise commerce. We are Networked, Intelligent, Comprehensive and Extensible. We are over 1,100 employees strong, all focused on customer success.

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Chemical Management

Vantage® Launches "Effortless Color" Formulation Collection for Multifunctional Color Cosmetic Essentials

prnewswire | September 14, 2023

Vantage has just introduced "Effortless Color," a collection of eight color cosmetic formulations building on consumer trends for multifunctional products. The latest installment in its 'Spark Inspiration' quick formulation program offers cosmetic chemists and formulators a starting point to accelerate their innovation pipeline as they create new product formulations. The eight "Effortless Color" formulations range from hybrid foundations to multi-use blushes and bold lip products. These prototypes marry the advanced technology from Vantage's premium ingredients with formulations expertise from the Company's in-house research & development team. Supported by market trends and industry knowledge, the resulting kit offers beauty manufacturers high-performing, on-trend product formulations which can be used as is or as a starting point for their creations. "Guided by market insights revealing that more than two thirds of American makeup users seek multi-functional products, we've meticulously curated formulations that honor the diverse spectrum of beauty through effortless, yet multifaceted essentials. This new collection is the latest of our Spark Inspiration series, that are aimed at accelerating our beauty customers' innovation pipeline," said Sebastien Massard, Global Director Strategic Marketing, Personal Care. The collection's hybrid foundations, multi-use blushes and bold lip formulations feature the Company's high-performing ingredients including actives like the BP TRILURONIC ACID A and the STRATAPHIX series; natural oils such as LIPOVOL® GTB and DW JOJOBA OIL; and natural silicone alternatives from the JEECHEM® NDA line. The formulations include Three versatile face products. Fresh Canvas Multi-Use Concealer can be used as a spot treatment to hide blemishes or as a full-coverage foundation. Tinted Zinc Shield is a lightweight tinted moisturizer that also includes an SPF-30. Hydrating Tinted Face Oil offers a buildable finish and can be applied on its own or worn as a primer before adding concealer or foundation. Blush Duo to bring a pop of color and help create a cohesive makeup look. Color Sculpt Trio is presented as a stick formula that glides on smoothly and quickly as it's applied. All-Over Glow Blusher can be used to brighten cheeks and eyes, acting as a two-in-one liquid blush. Three formulated lip products that each provide a different finish and benefit. The Hydrating Satin Lipstick is made with hydrating ingredients which offer a rich, creamy formulation. Dreamy Velvet Lip, a bold, matte liquid lipstick, leaves a smooth, lush finish. Plush Fruity Gloss provides a glassy shine leaving the lips feeling full and plump. About Vantage Personal Care Vantage Personal Care is one of the fastest growing and most reliable suppliers of personal care and beauty formulations and ingredients. An agile provider of forward-looking solutions that delight our customers through a responsible portfolio of naturally derived products, Vantage Personal Care focuses on skin, hair and sun care and color cosmetics. Vantage Personal Care serves its customers with formulation troubleshooting, new product development, and alternative sourcing solutions and on being the fastest developer of new product concepts in sensorial textures, skin health & delivery systems, and natural oils.

Read More

Chemical Technology, Raw Materials

NOVA Chemicals and Plastic Energy Launch Feasibility Study on Advanced Recycling Plant to Further Canadian Circularity Aspirations

Webwire | July 05, 2023

NOVA Chemicals Corporation (“NOVA Chemicals”) and Plastic Energy have entered into an agreement to explore the feasibility of developing a pyrolysis-driven advanced recycling facility in the Sarnia, Ontario region. If constructed, the facility would be the largest of its kind in Canada with a potential initial capacity of 66kt per annum. “Post-use plastics offer tremendous value to furthering the circular economy, and our teams at NOVA Chemicals work daily to innovate new and collaborative ways to extend the lifecycle of our products and plastic packaging,” said Greg DeKunder, VP, NOVA Circular Solutions. “This agreement with Plastic Energy is a prime example of two companies working together to create timely, effective, and sustainable solutions that will help us make progress towards our 2030 recycled plastics ambitions while diverting hard-to-recycle segments of plastic waste away from landfills.” Plastic Energy is one of the world’s leading advanced recycling technology companies through use of its patented TAC™ process to treat post-consumer plastic waste. Recycled polyethylene manufactured using Plastic Energy-produced feedstock, called TACOIL™, has identical properties to virgin polyethylene and can be used in food contact and high-performance applications, helping manufacturers and packagers achieve their recycled content goals. Plastic Energy has two commercial recycling plants in Spain that have been in operation for seven years, alongside new projects in Europe and Asia. “We are pleased to sign this agreement with NOVA Chemicals to explore the scope for our first advanced recycling project in Canada,” said Carlos Monreal, Founder and CEO of Plastic Energy. “Advanced recycling will continue to be important for the North American market by providing a solution for incorporating recycled content into food-grade packaging. Together with NOVA Chemicals, we aim to reduce the amount of plastic waste ending up in landfills, incineration, or as leakage into the environment, which is important for the circular economy in Canada.” NOVA Chemicals recently announced its aspiration to reach 30 per cent recycled content as a share of its total polyethylene sales by 2030 in its Roadmap to Sustainability Leadership, including its commitment to build a state of the art mechanical recycling business and continue exploring world-leading and proven advanced recycling technologies. If built, this new facility would see NOVA Chemicals build on its already CAD 2 billion investment into Ontario to inject additional new technology, jobs, and long-term viability into the local and Canadian economies. About NOVA Chemicals Corporation NOVA Chemicals aspires to be the leading sustainable polyethylene producer in North America. Our driving purpose is to reshape plastics for a better, more sustainable world by delivering innovative solutions that help make everyday life healthier and safer and acting as a catalyst for a low carbon, zero-plastic-waste future. NOVA Chemicals’ innovative and quality product offerings, value chain collaboration, and unique customer experience is what sets us apart; our customers use our products to create easy-to-recycle and recycled content films, packaging, and products. Our employees work to ensure health, safety, security, and environmental stewardship through our commitment to Sustainability and Responsible Care®. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, has nearly 2,500 employees worldwide and is wholly owned by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates. About Plastic Energy Plastic Energy is a global leader in advanced recycling, offering a sustainable solution to help prevent plastic waste, transforming previously unrecyclable plastic waste into a valuable resource. Our patented and proven advanced recycling technology converts end-of-life plastic waste into an optimal feedstock (TACOIL™) for making virgin-quality recycled plastics. Plastic Energy currently has two chemical recycling plants that are in constant operation in Spain and is one of the few companies worldwide that has sold TACOIL™ from the conversion of end-of-life plastic waste to replace fossil oils in the manufacturing of new plastics. We are leading our field in the transition to a low-carbon circular economy for plastics. Learn more on our website at www.plasticenergy.com.

Read More

Chemical Management

JAGGAER and Chemwatch to Deliver Industry-Leading Chemicals Search and Management Solution

businesswire | September 01, 2023

JAGGAER, the global leader in Autonomous Commerce, is collaborating with Chemwatch, the international leader in enhanced chemicals management, to enable researchers to comply with safety standards across the full lifecycle for chemical reagents while saving on time and cost. The integration gives users of JAGGAER Research Material Management (RMM), the industry-leading solution for acquiring and managing commercial reagents and lab supplies, access to more than 140 million Chemwatch Safety Data Sheets (SDS). The integration will be available to mutual customers in Q3 2023. It will enable them to view Safety Data Sheets and use the associated indexed data in real time. “Extending our solutions through partnerships like this is at the heart of our Autonomous Commerce strategy to make customers stronger, faster and more agile while reducing costs and risks,” said JAGGAER Chief Product Officer, Dawn Andre. Regulations require organizations to maintain a supplier-specific SDS for each chemical in their inventory. While that’s already a significant task for a manufacturing or MRO operation, for even moderately large research labs that often have inventories of more than 50,000 products – and constantly expanding – the challenge becomes truly daunting. Service organizations have been the traditional answer, but with annual charges per document, cost can be a serious barrier. “The new JAGGAER RMM-Chemwatch integration is highly automated, minimizing manual review and attention, so you get the benefits of the full-service approach at a lower, predictable annual cost,” said Tom Russell, General Manager, RMM Solutions. “We’ve been aware of Chemwatch for some time now and have watched their evolution to provide the largest and most comprehensive, rigorously maintained collection of supplier-specific content for materials used in research labs. Coupling JAGGAER’s approach to acquisition and material inventory with their data and flexible API offers the opportunity to bring a uniquely new and valuable capability to the market,” Russell added. “JAGGAER RMM gives researchers a first-class integrated buying experience. Combined with Chemwatch data and our API, researchers can now automate the identification of vendor-specific documents in the full Chemwatch collection, directly from the purchase process. This will inform the full lifecycle for chemical reagents and lab supplies from acquisition through waste, enabling consistent and informed access and reporting, and reducing risk, while saving time and cost,” said Dr. Bernie Bialkower, Principal, Chemwatch. “The Chemwatch API already offers real-time access to data that RMM customers previously obtained from third-party suppliers. With this in place, we are exploring other ways in which Chemwatch can provide further information and add more value,” Russell concluded. About Chemwatch Chemwatch is a world leader in the chemicals management space. With over 30 years’ experience, they specialize in chemical safety across a range of sectors, including education, healthcare, mining, governments and manufacturing. An international company headquartered in Australia, Chemwatch has offices throughout the US, Europe and Asia-Pacific regions. Chemwatch offers their clients access to over 140 million SDS and support in over 90 countries, with access to 50 languages. They also provide a range of other services, including SDS authoring Chemicals Management SDS management Risk Assessment analysis Asset management via barcode and RFID Chemical regulatory compliance About JAGGAER JAGGAER is leading the Autonomous Commerce revolution, a self-governing B2B commerce experience between buyers, suppliers, things (IoT) and partners. Over $500 billion worth of goods flows frictionlessly through our Enterprise Commerce Network every year. Leveraging AI and machine learning, our intelligent procurement solutions provide enterprise buyers and suppliers smart-match recommendations that align buyer needs with supplier capabilities. Our solutions autonomously execute many of the repetitive, behind-the-scenes tasks required to facilitate enterprise commerce. We are Networked, Intelligent, Comprehensive and Extensible. We are over 1,100 employees strong, all focused on customer success.

Read More

Chemical Management

Vantage® Launches "Effortless Color" Formulation Collection for Multifunctional Color Cosmetic Essentials

prnewswire | September 14, 2023

Vantage has just introduced "Effortless Color," a collection of eight color cosmetic formulations building on consumer trends for multifunctional products. The latest installment in its 'Spark Inspiration' quick formulation program offers cosmetic chemists and formulators a starting point to accelerate their innovation pipeline as they create new product formulations. The eight "Effortless Color" formulations range from hybrid foundations to multi-use blushes and bold lip products. These prototypes marry the advanced technology from Vantage's premium ingredients with formulations expertise from the Company's in-house research & development team. Supported by market trends and industry knowledge, the resulting kit offers beauty manufacturers high-performing, on-trend product formulations which can be used as is or as a starting point for their creations. "Guided by market insights revealing that more than two thirds of American makeup users seek multi-functional products, we've meticulously curated formulations that honor the diverse spectrum of beauty through effortless, yet multifaceted essentials. This new collection is the latest of our Spark Inspiration series, that are aimed at accelerating our beauty customers' innovation pipeline," said Sebastien Massard, Global Director Strategic Marketing, Personal Care. The collection's hybrid foundations, multi-use blushes and bold lip formulations feature the Company's high-performing ingredients including actives like the BP TRILURONIC ACID A and the STRATAPHIX series; natural oils such as LIPOVOL® GTB and DW JOJOBA OIL; and natural silicone alternatives from the JEECHEM® NDA line. The formulations include Three versatile face products. Fresh Canvas Multi-Use Concealer can be used as a spot treatment to hide blemishes or as a full-coverage foundation. Tinted Zinc Shield is a lightweight tinted moisturizer that also includes an SPF-30. Hydrating Tinted Face Oil offers a buildable finish and can be applied on its own or worn as a primer before adding concealer or foundation. Blush Duo to bring a pop of color and help create a cohesive makeup look. Color Sculpt Trio is presented as a stick formula that glides on smoothly and quickly as it's applied. All-Over Glow Blusher can be used to brighten cheeks and eyes, acting as a two-in-one liquid blush. Three formulated lip products that each provide a different finish and benefit. The Hydrating Satin Lipstick is made with hydrating ingredients which offer a rich, creamy formulation. Dreamy Velvet Lip, a bold, matte liquid lipstick, leaves a smooth, lush finish. Plush Fruity Gloss provides a glassy shine leaving the lips feeling full and plump. About Vantage Personal Care Vantage Personal Care is one of the fastest growing and most reliable suppliers of personal care and beauty formulations and ingredients. An agile provider of forward-looking solutions that delight our customers through a responsible portfolio of naturally derived products, Vantage Personal Care focuses on skin, hair and sun care and color cosmetics. Vantage Personal Care serves its customers with formulation troubleshooting, new product development, and alternative sourcing solutions and on being the fastest developer of new product concepts in sensorial textures, skin health & delivery systems, and natural oils.

Read More

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