Implementing a Successful Oil & Gas Sampling Program

July 15, 2021 | 13 views

With aging equipment and facilities, operators face increasing challenges in maintaining equipment reliability, integrity and safety. One of the biggest hidden threats to efficient and safe operation is deteriorating sampling equipment. However, oil and gas companies often operate sampling systems as separate entities within their systems. This leaves operations open to gaps and potential risks in their sampling system.

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Kenson Plastics Inc

Kenson Plastics specializes in custom design and production of precision pressure-formed plastic components, enclosures and other specialty parts. We are dedicated to finding resourceful, cost-effective solutions to even the most intricate designs. No matter what your project is, Kenson will work closely with you to get it done. We produce only the highest quality products, and we have a full array of services and machinery to offer our customers the best experience possible.

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CHEMICAL TECHNOLOGY

How Leading Chemical Companies Protect Customer Data Online

Article | June 6, 2022

Cybersecurity concerns must be considered in order for the chemical sector to succeed with digital commerce; simply listing your products on an online store and crossing your fingers won't cut it. It is crucial to pick a spouse who is aware of these hazards and has a strong defense in place. It is evident that the sector has massive potential for online sales, but selling chemicals online is different from selling common consumer goods online. Who your consumers are and how you gather and maintain data about them raise severe security and privacy problems. Chemical company leaders have every right to be concerned about the privacy of their data, given that one cyber attack occurs every 11 seconds. However, they should still go online because there is too much business risk in not taking advantage of the digital opportunity. Deloitte estimates that the chemical sector alone sold over $27 billion worth of goods online in 2020. More than half (58%) of chemical purchasers reportedly stated that they would transfer providers if their demands, which include demands for a fantastic digital experience, were not delivered. The objective is to limit risk and create a secure digital sales environment rather than dismissing e-commerce due to cybersecurity issues. Setting up the appropriate IT infrastructure: Building for convenience and security is possible thanks to new IT technologies. Emphasis on confirming identification: Always be aware of who you are dealing with, regardless of whether they came through a digital or physical means. Offering simple (and safe) reorder alternatives to clients that have been verified. It's ideal for business owners in the chemical sector who want to test selling online but are concerned about data collecting, security, and privacy for my company and customers.

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CHEMICAL TECHNOLOGY

Future-Proofing the Chemical Industry with Digitalization

Article | July 20, 2022

Over the next five to seven years, the chemical sector will place a greater emphasis on sustainability, and digitization will play a significant part in this. Reducing resource use, pollution, energy consumption, and waste are some of its main applications. Additionally, it will increase demand for a circular economy supported by IoT, AI, and other digital technologies. Some of the systems now in place or being used in the sector include autonomous solutions that enable lower energy usage, dispatching systems for effective logistics and strategies for sustainable power and fuel consumption. Chemical players making the switch to digital platforms have a chance to triumph if they move swiftly and update their operational models in accordance with a few common success characteristics. In fact, according to our study, making the correct decisions can increase total earnings before interest, taxes, depreciation, and amortization by 3 percent or more (EBITDA). The Next Step of Operational Excellence The same level of transformation is available with digital technology for optimal performance, together with success-enabling measures. The same level of corporate participation and realignment will also be necessary for the effective implementation of digital technology. Finance and telecoms were early leaders in adopting digital technology faster than the chemical sector, which has just recently started to move in more significant numbers toward digitalization. A circular economy in the sector is also being enabled by the use and evaluation of digital technology. The "Right to Fix" movement is being driven by governments and legislators in Europe and the US, and small and medium-sized businesses in the industry are expected to invest in technology that makes it easier to repair electronic items with the least amount of waste. On a side note, by enabling the re-use of resources and products throughout the supply chain, digitalization with lean manufacturing (LM) would enable businesses to improve operational excellence and create value, thereby supporting the circular economy goal. Conclusion Given its extensive safety and regulatory requirements, the chemical sector has evolved slowly. However, as the global economy changes, some skills will become obsolete and others essential. The interconnectedness of people, processes, and technology, as well as the requirement for real-time insight at the levels closest to the action, are among the basic principles of Industry 4.0. These values have existed for some time and are an extension of our teams' current operational excellence initiatives. Digital transformation is not a technology endpoint but rather the following stage in the process and business evolution as the chemicals industry advances continuously.

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CHEMICAL TECHNOLOGY

Key Trends in the Digital Transformation of the Chemical Industry

Article | June 21, 2021

The chemical business is intricate, with numerous sub-sectors dealing with various challenges. Thus, there are some differences in the sector's main areas of digitalization. For instance, while specialty chemicals with smaller batches but larger profit margins are concerned with improving quality, large factories are concentrated on accelerating throughput speed. To be able to react to quick and repeated changes in demand, supply, and working circumstances, however, every plant must optimize output, reduce waste, improve safety and sustainability, and become more nimble. Therefore, the Industrial Internet of Things (IIoT), artificial intelligence (AI), and cloud computing are expected to be the three most popular applications for digital transformation during the coming two years. Key Trends Production Optimization The first and most valuable use cases of digitalization in chemical plants center on production optimization through improved equipment performance, process automation, remote and predictive monitoring, and simplified maintenance. Chemical factories, which often provide basic chemicals for use as end products in other sectors, have a special responsibility to maintain consistently high product quality. However, doing so can be challenging given the significant variations in raw material supply and quality. In addition, as process engineers can change the mix on the fly in reaction to fluctuations in quality, feedstock, or ambient temperatures, better data and analytics enable finer and more frequent adjustments. Lowering Waste The main advantage of digitally transformed plants so far has been cost reduction. The price volatility of raw materials is a problem for the chemical production sector because customers naturally want constant low prices. Minimizing waste is critical since facilities must contend with rising energy costs. Analytics tools that monitor fluctuating raw material prices aid factories in negotiating the best deals with suppliers and preparing in advance for price spikes. The risk of oversupply is reduced since plants can prepare the proper quantities of various products thanks to more precise demand predictions. Sustainability, Compliance, and Safety The chemical industry is heavily regulated as a result of the quantity of hazardous chemicals and the number of end-use industries that rely on it. Businesses are adopting digital transformation to boost safety awareness, reduce emissions and dangerous flare incidents, and guarantee a transparent and accurate audit trail. Plants that quickly adopt digital solutions for remote monitoring, supply chain visibility, waste reduction, production optimization, raising their safety profile, and opening up new opportunities will profit from higher profits and increased revenue, whereas those that hesitate for too long risk failing in the long run.

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CHEMICAL MANAGEMENT

The Future of Supply Chain Management for Chemical Companies

Article | July 8, 2022

Individual consumers expect tailored products and services. Color, size, quantity, payment method, and delivery channel options abound. The chemical sector is also now following this suit of action. The global chemicals supply chain has grown steadily for three decades. Chemical businesses are improving their supply chain capabilities to handle complexity and meet client demands. This includes implementing advanced data-driven and cloud-based technologies that enable faster, more flexible, and tailored customer interactions. Areas of innovation for chemical companies Living Segmentation Living segmentation can help chemical businesses better serve clients and satisfy their expectations. This entails adapting supply chain capabilities to each customer's needs. Asset-light Network An asset-light network involves developing an ecosystem of partners to add capabilities and value to your supply chain beyond standard co-manufacturing, co-packing, and third-party or last-mile logistics providers. In addition, it should include technology partners that help chemical businesses innovate and be adaptable. Data and Applied Intelligence Improving speed, agility, and efficiency in global supply chains demands comprehensive visibility and the correct information. Data provides visibility and insights. The key to providing excellent customer service is gathering the appropriate data and using it strategically to get important insight. The industry generates a ton of data, which is excellent news. In response to last year's supply chain delays, corporations are building supply chains with geographically spread shipping/supplier choices. Real-time visibility and enhanced analytics can be used to track delays by providing revised ETAs and analyzing downstream implications. Data-driven insights can alert organizations of a delay almost immediately and help them acquire raw materials from another supplier to reduce the domino impact downstream. Chemical businesses must rethink their supply chains to implement living segmentation, asset-light networks, data, and AI.

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Spotlight

Kenson Plastics Inc

Kenson Plastics specializes in custom design and production of precision pressure-formed plastic components, enclosures and other specialty parts. We are dedicated to finding resourceful, cost-effective solutions to even the most intricate designs. No matter what your project is, Kenson will work closely with you to get it done. We produce only the highest quality products, and we have a full array of services and machinery to offer our customers the best experience possible.

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CHEMICAL MANAGEMENT

Sayona Quebec Launches Prefeasibility Study for Lithium Carbonate Production

Piedmont Lithium | October 06, 2022

Piedmont Lithium a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain announced that Sayona Quebec, owned 75% by Sayona Mining and 25% by Piedmont, has launched a prefeasibility study for lithium carbonate production at its North American Lithium operation in Quebec. The study will evaluate potential completion and restart of the lithium carbonate plant at NAL. The operations at NAL feature about 50% of the facilities needed to produce lithium carbonate, which were partially constructed by prior owners of the NAL operation. Sayona Quebec expects results of the PFS in H1 2023. Further evaluation of the production of lithium carbonate or lithium hydroxide in Quebec may follow completion of the PFS study. President and CEO of Piedmont Lithium Keith Phillips said exploring opportunities to produce lithium chemicals in Quebec is an extension of the efforts already underway at NAL. “Evaluating the completion of the lithium carbonate facilities at NAL is a logical next step in our long-term plans for Quebec. In the near term, we continue to focus with our partners at Sayona on restart of spodumene concentrate production at NAL within H1 2023,” said Phillips. “Commercial shipments of spodumene concentrate could begin as early as Q3 2023, providing revenue generation from NAL as well as product sales through Piedmont’s offtake agreement.” In September, Sayona Quebec announced that plans to restart spodumene concentrate production at NAL were on track with permitting and procurement of equipment well advanced and with most major items required for the NAL restart already on-site. A major mining contract was awarded to Fournier et Fils for the operation of the NAL open pit for a four-year term. The statements in the link below were prepared by, and made by, Sayona Mining. The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont. Sayona Mining is not subject to U.S. reporting requirements or obligations, and investors are cautioned not to put undue reliance on these statements. Sayona Mining’s original announcement can be found here. About Piedmont Lithium Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Québec with Sayona Mining and in Ghana with Atlantic Lithium. These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage.

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CHEMICAL TECHNOLOGY

CLARITERS BREAKTHROUGH CHEMICAL UPCYCLING TECHNOLOGY IS BACKED BY THE LATEST INVESTMENT OF INFINITY RECYCLING'S CIRCULAR PLASTICS FUND

Clariter S.A. and Infinity Recycling | September 30, 2022

Clariter and Dutch impact investor Infinity Recycling are pleased to announce Infinity's Circular Plastics Fund's strategic investment in the further development of Clariter's commercial plants. With this investment, Infinity joins a number of organizations that have invested in Clariter over the last year, highlighting strong investor confidence in Clariter's breakthrough chemical upcycling technology. Increased consumer environmental awareness has also increased the momentum of circular economy innovators like Clariter, whose breakthrough chemical recycling technology can upcycle a wide range of plastics. Clariter provides a new, profitable alternative for traditional plastic waste. The company's proprietary technology transforms most plastic waste streams into high-quality, high-value products that can be used as inputs into over 1,000 sustainable industrial and consumer products. With its profitable, net-carbon-negative and resource-efficient plastic-to-products solution, Clariter stands out in its field with the potential to become a powerful solution to the world's plastic waste problem. Infinity Recycling's Circular Plastics Fund aims to support businesses scaling up their proven, advanced recycling technologies, making Clariter an ideal partner. Common goals unite the two companies: to connect the value chain, prove the complementarity of mechanical and advanced recycling, and finally tackle the global plastic waste crisis. "Clariter is on the cusp of a new phase in its evolution, with its impending global rollout and rapid growth. We have spent 19 years perfecting our technology to create a viable solution to plastic waste – creating high- quality, high-value products from most types of plastic waste using a highly efficient process with minimal waste and emissions. Having achieved a mature and market-ready technology, it is the perfect time to partner with expansion-oriented impact investors like Infinity. This investment will accelerate our growth, bringing us faster towards a sustainable future for us all." Clariter's Founder and CEO, Ran J. Sharon Jan Willem Muller, Infinity's Managing Partner added: "Having followed Clariter's evolution over the last few years, we are delighted to see the strides the company has made in developing its business, as well as their ESG focus, which we are eager to help Clariter mature in line with the sustainability principles that underpin the Circular Plastics Fund. Infinity is pleased to be able to step in as an investor and support the scaling up of a technology that differentiates itself in the plastics recycling industry by making end-products that can be directly used in consumer products manufacturing, reducing the market's dependency on fossil feedstock." The investment was made under Article 9 of the Sustainable Finance Disclosure Regulation (SFDR), which improves the transparency in the market for sustainable investment products and mitigates the risk of greenwashing. About Clariter Clariter is a global cleantech company that has developed a chemical recycling process that provides a solution to the plastic waste epidemic. This proprietary, efficient technology transforms plastic waste into high-quality, high-value products: oils, waxes, and solvents that replace fossil-based products. Clariter offers a commercially attractive combination of profitability and sustainability. About Infinity Recycling Infinity Recycling is a Rotterdam-based investment fund manager creating markets for end-of-life waste streams by investing in advanced recycling technologies. The team's experience in trading commodities and growth capital investing provides considerable value to technology companies, helping to convert valuable IP into profitable, scalable businesses. The Fund is committed to strong ESG performance and is classified as an Article 9 "dark green" impact fund, the highest designation under the EU's Sustainable Finance Disclosure Regulation.

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CHEMICAL TECHNOLOGY

Chevron Phillips Chemical announces executive leadership changes

Chevron Phillips Chemical | September 29, 2022

Chevron Phillips Chemical Company LLC today announced the appointment of Darren Ercolani as senior vice president and chief financial officer, effective Oct. 1. Ercolani will succeed Carolyn J. Burke, who has resigned from the company effective Sept. 30. He will continue to report to Bruce Chinn, president and CEO. Ercolani, currently senior vice president, business transformation, has 30 years of industry experience and joined Chevron Phillips Chemical from Phillips Petroleum (now Phillips 66) at the inception of the company in 2000. He has held several commercial, corporate strategy, finance management and treasury functions at the domestic and international level, including general auditor, Asia-region controller and chief financial officer of the company’s Q-Chem joint venture in Qatar. “I want to personally thank Carolyn for her contributions to CPChem’s success during her tenure here and wish her well in her future endeavors,” Chinn said. “Darren is a proven leader who champions innovation, and he will bring deep institutional knowledge, a strategic mindset and global perspective to his new role.” Additionally, the company appointed Allison Martinez senior vice president, business transformation and chief information officer, also effective Oct. 1. Martinez, currently chief information officer, will report to Chinn and become a member of the company’s executive leadership team. In addition to continued oversight of the information technology department, she will have an expanded role leading efforts to innovate business operations through continuous improvement initiatives, culture evolution and championing a digital future. Martinez has more than 20 years of service with Chevron Phillips Chemical and has broad experience in information technology, commercial and supply chain. “Allison has a strong track record of challenging the status quo and delivering effective technical solutions. Her diverse experience and demonstrated success driving complex projects make her an effective leader capable of advancing our innovation and improvement initiatives and digital transformation to deliver value.” Chinn About Chevron Phillips Chemical Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, Chevron Phillips Chemical and its affiliates own nearly $18 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical is equally owned indirectly by Chevron Corporation U.S.A. Inc. and Phillips 66 Company and is headquartered in The Woodlands, Texas. “Chevron Phillips Chemical” or “CPChem” may refer to one or more Chevron Phillips Chemical’s subsidiaries or affiliates or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

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CHEMICAL MANAGEMENT

Sayona Quebec Launches Prefeasibility Study for Lithium Carbonate Production

Piedmont Lithium | October 06, 2022

Piedmont Lithium a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain announced that Sayona Quebec, owned 75% by Sayona Mining and 25% by Piedmont, has launched a prefeasibility study for lithium carbonate production at its North American Lithium operation in Quebec. The study will evaluate potential completion and restart of the lithium carbonate plant at NAL. The operations at NAL feature about 50% of the facilities needed to produce lithium carbonate, which were partially constructed by prior owners of the NAL operation. Sayona Quebec expects results of the PFS in H1 2023. Further evaluation of the production of lithium carbonate or lithium hydroxide in Quebec may follow completion of the PFS study. President and CEO of Piedmont Lithium Keith Phillips said exploring opportunities to produce lithium chemicals in Quebec is an extension of the efforts already underway at NAL. “Evaluating the completion of the lithium carbonate facilities at NAL is a logical next step in our long-term plans for Quebec. In the near term, we continue to focus with our partners at Sayona on restart of spodumene concentrate production at NAL within H1 2023,” said Phillips. “Commercial shipments of spodumene concentrate could begin as early as Q3 2023, providing revenue generation from NAL as well as product sales through Piedmont’s offtake agreement.” In September, Sayona Quebec announced that plans to restart spodumene concentrate production at NAL were on track with permitting and procurement of equipment well advanced and with most major items required for the NAL restart already on-site. A major mining contract was awarded to Fournier et Fils for the operation of the NAL open pit for a four-year term. The statements in the link below were prepared by, and made by, Sayona Mining. The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont. Sayona Mining is not subject to U.S. reporting requirements or obligations, and investors are cautioned not to put undue reliance on these statements. Sayona Mining’s original announcement can be found here. About Piedmont Lithium Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Québec with Sayona Mining and in Ghana with Atlantic Lithium. These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage.

Read More

CHEMICAL TECHNOLOGY

CLARITERS BREAKTHROUGH CHEMICAL UPCYCLING TECHNOLOGY IS BACKED BY THE LATEST INVESTMENT OF INFINITY RECYCLING'S CIRCULAR PLASTICS FUND

Clariter S.A. and Infinity Recycling | September 30, 2022

Clariter and Dutch impact investor Infinity Recycling are pleased to announce Infinity's Circular Plastics Fund's strategic investment in the further development of Clariter's commercial plants. With this investment, Infinity joins a number of organizations that have invested in Clariter over the last year, highlighting strong investor confidence in Clariter's breakthrough chemical upcycling technology. Increased consumer environmental awareness has also increased the momentum of circular economy innovators like Clariter, whose breakthrough chemical recycling technology can upcycle a wide range of plastics. Clariter provides a new, profitable alternative for traditional plastic waste. The company's proprietary technology transforms most plastic waste streams into high-quality, high-value products that can be used as inputs into over 1,000 sustainable industrial and consumer products. With its profitable, net-carbon-negative and resource-efficient plastic-to-products solution, Clariter stands out in its field with the potential to become a powerful solution to the world's plastic waste problem. Infinity Recycling's Circular Plastics Fund aims to support businesses scaling up their proven, advanced recycling technologies, making Clariter an ideal partner. Common goals unite the two companies: to connect the value chain, prove the complementarity of mechanical and advanced recycling, and finally tackle the global plastic waste crisis. "Clariter is on the cusp of a new phase in its evolution, with its impending global rollout and rapid growth. We have spent 19 years perfecting our technology to create a viable solution to plastic waste – creating high- quality, high-value products from most types of plastic waste using a highly efficient process with minimal waste and emissions. Having achieved a mature and market-ready technology, it is the perfect time to partner with expansion-oriented impact investors like Infinity. This investment will accelerate our growth, bringing us faster towards a sustainable future for us all." Clariter's Founder and CEO, Ran J. Sharon Jan Willem Muller, Infinity's Managing Partner added: "Having followed Clariter's evolution over the last few years, we are delighted to see the strides the company has made in developing its business, as well as their ESG focus, which we are eager to help Clariter mature in line with the sustainability principles that underpin the Circular Plastics Fund. Infinity is pleased to be able to step in as an investor and support the scaling up of a technology that differentiates itself in the plastics recycling industry by making end-products that can be directly used in consumer products manufacturing, reducing the market's dependency on fossil feedstock." The investment was made under Article 9 of the Sustainable Finance Disclosure Regulation (SFDR), which improves the transparency in the market for sustainable investment products and mitigates the risk of greenwashing. About Clariter Clariter is a global cleantech company that has developed a chemical recycling process that provides a solution to the plastic waste epidemic. This proprietary, efficient technology transforms plastic waste into high-quality, high-value products: oils, waxes, and solvents that replace fossil-based products. Clariter offers a commercially attractive combination of profitability and sustainability. About Infinity Recycling Infinity Recycling is a Rotterdam-based investment fund manager creating markets for end-of-life waste streams by investing in advanced recycling technologies. The team's experience in trading commodities and growth capital investing provides considerable value to technology companies, helping to convert valuable IP into profitable, scalable businesses. The Fund is committed to strong ESG performance and is classified as an Article 9 "dark green" impact fund, the highest designation under the EU's Sustainable Finance Disclosure Regulation.

Read More

CHEMICAL TECHNOLOGY

Chevron Phillips Chemical announces executive leadership changes

Chevron Phillips Chemical | September 29, 2022

Chevron Phillips Chemical Company LLC today announced the appointment of Darren Ercolani as senior vice president and chief financial officer, effective Oct. 1. Ercolani will succeed Carolyn J. Burke, who has resigned from the company effective Sept. 30. He will continue to report to Bruce Chinn, president and CEO. Ercolani, currently senior vice president, business transformation, has 30 years of industry experience and joined Chevron Phillips Chemical from Phillips Petroleum (now Phillips 66) at the inception of the company in 2000. He has held several commercial, corporate strategy, finance management and treasury functions at the domestic and international level, including general auditor, Asia-region controller and chief financial officer of the company’s Q-Chem joint venture in Qatar. “I want to personally thank Carolyn for her contributions to CPChem’s success during her tenure here and wish her well in her future endeavors,” Chinn said. “Darren is a proven leader who champions innovation, and he will bring deep institutional knowledge, a strategic mindset and global perspective to his new role.” Additionally, the company appointed Allison Martinez senior vice president, business transformation and chief information officer, also effective Oct. 1. Martinez, currently chief information officer, will report to Chinn and become a member of the company’s executive leadership team. In addition to continued oversight of the information technology department, she will have an expanded role leading efforts to innovate business operations through continuous improvement initiatives, culture evolution and championing a digital future. Martinez has more than 20 years of service with Chevron Phillips Chemical and has broad experience in information technology, commercial and supply chain. “Allison has a strong track record of challenging the status quo and delivering effective technical solutions. Her diverse experience and demonstrated success driving complex projects make her an effective leader capable of advancing our innovation and improvement initiatives and digital transformation to deliver value.” Chinn About Chevron Phillips Chemical Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, Chevron Phillips Chemical and its affiliates own nearly $18 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical is equally owned indirectly by Chevron Corporation U.S.A. Inc. and Phillips 66 Company and is headquartered in The Woodlands, Texas. “Chevron Phillips Chemical” or “CPChem” may refer to one or more Chevron Phillips Chemical’s subsidiaries or affiliates or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

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