More data show how far we still have to go to solve the climate and plastic waste crises

JOHN RICHARDSON | June 27, 2021 | 120 views

SEE THE END section of this blog post for a dystopian version of our environmental future. In a follow-up post – which I will publish on Thursday, 1 July – I will offer some suggestions about how we can avoid an outcome that nobody of course wants.Both posts are meant to be provocative, challenging and controversial because only through debate, and sometimes outright argument, will we get to the answers.

If you disagree after either or both posts have been published, great, that would be good. In fact, I would love to hear from you whatever your views at john.richardson@icis.com.  The petrochemicals industry can do this; we can fix this if we create the right forums for ideas and then solutions.

Let me provide the background first. Let me start by examining developments in the refinery industry and the implications for petrochemicals as important background.  Then I will look at a sample of ICIS petrochemicals demand growth forecasts for 2020-2040. I will conclude by providing the bleakest of bleak outcomes for the world in 2025

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Immunocore

Based in Abingdon (UK) and Philadelphia (USA) we're a privately owned biotechnology company developing innovative biological therapeutics for the treatment of a range of serious diseases. Our world-leading T cell receptor technology exploits the power of the body’s own immune system to find and kill diseased cells. We've established a robust technology platform which combines monoclonal T cell receptor (mTCR) targeting technology with an effector technology, anti-CD3 scFv, that catalyses the killing of the targeted diseased cells by the host’s own non-specific cytotoxic T cells. And we're developing a portfolio of products from the platform, called ImmTACs, for the treatment of cancer, chronic infectious disease and diabetes.

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CHEMICAL MANAGEMENT

Transporting biological and chemical materials - what you need to know

Article | July 8, 2022

The landscape of biological and chemical logistics has changed rapidly - as have the regulatory frameworks around it. What has not necessarily kept pace is the end-user understanding of the nature of these logistical processes, their opportunities and their constraints. Twenty years ago, the transmission of biological and chemical materials was limited to a small range of organisations: usually national and international research companies, hospitals, major university departments, police and military departments with forensic responsibilities.

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CHEMICAL MANAGEMENT

Setting record straight on testing harm in chemicals

Article | July 14, 2022

The modern world is built on chemicals, be it the medicines we use, or cleaning fluids, crop protection products, or the raw materials for everything from laptops and mobile phones to clothes and furniture. Across all, we have created an entire modern society with chemicals, and, as a result, constantly stretched the size of the world population we can feed, clothe and shelter. Yet, balancing all the gains from the modern chemistry around us against any negative environmental and human impact has been a rising concern, making for ever greater focus on testing and on risk assessment.

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CHEMICAL MANAGEMENT

Why chemical characterization is the best way to assess patient risk

Article | July 22, 2021

Everyone is very familiar with the phrase when buying a house: All that really matters are three things - location, location, and location. This same principle applies to extractables and leachables chemistry analysis – the three things that truly matter are identification, identification, and identification. The greatest growth in the past ten years in demonstrating the safety of medical devices and container closure systems for drugs has been using analytical chemistry to determine what chemicals can leach from the device and what the patient is exposed to during its intended use.

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How Chemical Companies Benefit from the Experience Economy

Article | February 10, 2020

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

Immunocore

Based in Abingdon (UK) and Philadelphia (USA) we're a privately owned biotechnology company developing innovative biological therapeutics for the treatment of a range of serious diseases. Our world-leading T cell receptor technology exploits the power of the body’s own immune system to find and kill diseased cells. We've established a robust technology platform which combines monoclonal T cell receptor (mTCR) targeting technology with an effector technology, anti-CD3 scFv, that catalyses the killing of the targeted diseased cells by the host’s own non-specific cytotoxic T cells. And we're developing a portfolio of products from the platform, called ImmTACs, for the treatment of cancer, chronic infectious disease and diabetes.

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CHEMICAL MANAGEMENT, SCIENCE AND RESEARCH

Chemours to Expand Nafion™ Ion Exchange Material Production in France

Chemours | January 19, 2023

The Chemours Company, a worldwide chemical company with leading market positions in thermal & specialized solutions, titanium technologies, and advanced performance materials, announced a $200 million investment to expand the production capacity and advance technology for its industry-leading Nafion™ ion exchange materials to be located at its Villers-Saint-Paul, France, manufacturing facility. The investment by Chemours complements the current efforts in the United States to establish a reliable supply chain and a strong capacity to support the hydrogen economy. It will help meet the expanding market demand for clean hydrogen generation utilizing water electrolyzers, energy storage in flow batteries, and hydrogen conversion to power fuel cell cars, as well as contribute to European and worldwide initiatives to facilitate the clean energy transition. As part of the investment, Chemours' regional production site will have its capabilities expanded to support and develop technological progress and innovative products for the global hydrogen economy. Chemours' investment is contingent upon obtaining all customary permits and licenses required for the construction and operations at the 40-hectare Villers-Saint-Paul location, which will include the expansion of ionomer production and associated membranes to provide additional capacity to the Nafion™ materials supply chain. The $200 million investment demonstrates Chemours' ongoing commitment to responsible manufacturing while supporting the company's 2030 corporate responsibility commitment goal of generating 50% or more of its revenue from products that contribute to the United Nations' Sustainable Development Goals. In addition, the site's expansion will generate employment in the Hauts-de-France area, with Chemours anticipating the creation of roughly 80 full-time jobs and 50 long-term contract positions. About The Chemours Company Chemours is an American chemical company that provides its customers with market-defining products, application expertise, and chemistry-based innovations for a wide range of industries. The firm offers tailored chemical solutions for various industrial and specialty chemical products for markets, including coatings, plastics, refrigeration and air conditioning, semiconductor and consumer electronics, and oil and gas. The firm has around 6,400 employees and 29 manufacturing locations that serve 3,200 clients in 120 countries. Its flagship products include leading brands such as Opteon™, Ti-Pure™, Teflon™, Freon™, Krytox™, Viton™, and Nafion™.

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CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT

Matador Resources Company to Acquire Advance Energy Partners Holdings, LLC

Matador Resources | January 25, 2023

On January 24, 2023, Matador Resources Company announced that a fully-owned subsidiary of Matador had signed a definitive agreement for the acquisition of Advance Energy Partners Holdings, LLC, which includes oil and natural gas producing properties and undeveloped land in New Mexico, Lea County, and Ward County, Texas. The consideration for the Advance Transaction will include an initial cash payment of $1.6 billion, depending on customary closing adjustments, as well as additional cash consideration of $7.5 million for every month in 2023, during which the average oil price exceeds $85 per barrel, as stated in the securities purchase agreement. Advance is an EnCap Investments L.P. portfolio company. The Advance Transaction has an effective date of January 1, 2023, and is anticipated to close in the Q2 of 2023, based on customary closing conditions. On January 24, 2023, at 10:00 am Central Time, Matador's management held a live conference call to review the Advance Transaction. Matador estimates the entire proved oil and natural gas reserves linked with these properties to be approximately 106,4 million BOE (73 percent oil) as of December 31, 2022. PV-102 of the proved natural gas and oil reserves of these properties as of December 31, 2022, was roughly $2.86 billion based on the same unweighted arithmetic average first-day-of-the-month prices for the prior year that was used to value the Company's reserves as of December 31, 2022, valued at $6.36 per MMBtu of natural gas and $90.15 per barrel of oil. Matador anticipates that the continued development of these properties will increase future proven reserves and reserves value. Sewell & Associates, Inc., independent reservoir engineers from the Netherlands, conducted an audit of the reserve estimates prepared by Matador's engineering staff. AboutMatador Resources Company Matador Resources Company is a publicly traded, independent energy company headquartered in Dallas that focuses on shale plays and other unconventional plays in its development, production, exploration, and acquisition of natural gas and oil resources in the U.S. The company has a dedicated team of technical and administrative professionals, as well as a culture of high performance and fiscal discipline. It was founded as a privately held company in July 2003, attracting equity capital from several hundred investors, many of whom were shareholders in Matador Petroleum Corporation, its predecessor.

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CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH

Albemarle Set to Launch Technology Park in North Carolina

Albemarle | January 09, 2023

Albemarle Corporation, a pioneer in the leading global chemicals industry, announced that it had acquired a site in Charlotte, North Carolina, U.S., to build the Albemarle Technology Park. The company will invest at least 180 million dollars in constructing a world-class facility to boost novel materials research and advanced process development and accelerate the introduction of next-generation lithium products to the market. According to Kent Masters, the CEO of Albemarle, "Albemarle Technology Park is part of our mine-to-market innovation strategy to invest in the U.S. EV battery supply chain and to be a leader in advanced lithium materials for next-generation energy storage. This facility will focus and accelerate our lithium technology leadership, better enabling the world's transition to more sustainable energy." (Source: prnewswire.com). The company believes that breakthroughs from the new facility will improve lithium recovery, optimize production methods, and discover new forms of lithium that will enable battery performance improvements. The State of North Carolina awarded nearly $13 million as an incentive package to Albemarle for developing an advanced product innovation, process development, and lithium materials research facility in Mecklenburg County. As a part of the Job Development Investment Grant (JDIG), this incentive package will support a portion of Albemarle's investment to redevelop the former IBM and Flextronics facility. The company anticipates creating over 200 jobs on-site, with an average annual salary of $94,000. Specifically, the team aims to triple the Ph.D. holding professionals in Albemarle Technology Park. The vision for Albemarle Technology Park (ATP) covers novel lithium materials, manufacturing processes, and the commercialization of new products in close collaboration with strategic customers. The company expects ATP to become a lithium innovation hub that establishes technology leadership in the fast-expanding EV industry in the Southeast U.S. through co-locating essential operations and collaborations. The organization predicts that the improved process technologies developed at the ATP will promote sustainability by decreasing energy and water consumption, unlocking new lithium resources, and enabling lithium recovery at end-of-life through economic recycling. Albemarle anticipates initial occupancy of ATP by early 2025 and a complete ATP campus by late 2026. About Albemarle Corporation Albemarle is a frontrunner in lithium, bromine, and catalysts. The company aims to think beyond the norm to unlock the potential of companies in critical industries such as transportation, energy, and electronics. With highly talented and knowledgeable international teams, deeply rooted values, and a collaborative customer relationship approach, Albemarle is developing performance-based solutions that enable a safer and more sustainable future.

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CHEMICAL MANAGEMENT, SCIENCE AND RESEARCH

Chemours to Expand Nafion™ Ion Exchange Material Production in France

Chemours | January 19, 2023

The Chemours Company, a worldwide chemical company with leading market positions in thermal & specialized solutions, titanium technologies, and advanced performance materials, announced a $200 million investment to expand the production capacity and advance technology for its industry-leading Nafion™ ion exchange materials to be located at its Villers-Saint-Paul, France, manufacturing facility. The investment by Chemours complements the current efforts in the United States to establish a reliable supply chain and a strong capacity to support the hydrogen economy. It will help meet the expanding market demand for clean hydrogen generation utilizing water electrolyzers, energy storage in flow batteries, and hydrogen conversion to power fuel cell cars, as well as contribute to European and worldwide initiatives to facilitate the clean energy transition. As part of the investment, Chemours' regional production site will have its capabilities expanded to support and develop technological progress and innovative products for the global hydrogen economy. Chemours' investment is contingent upon obtaining all customary permits and licenses required for the construction and operations at the 40-hectare Villers-Saint-Paul location, which will include the expansion of ionomer production and associated membranes to provide additional capacity to the Nafion™ materials supply chain. The $200 million investment demonstrates Chemours' ongoing commitment to responsible manufacturing while supporting the company's 2030 corporate responsibility commitment goal of generating 50% or more of its revenue from products that contribute to the United Nations' Sustainable Development Goals. In addition, the site's expansion will generate employment in the Hauts-de-France area, with Chemours anticipating the creation of roughly 80 full-time jobs and 50 long-term contract positions. About The Chemours Company Chemours is an American chemical company that provides its customers with market-defining products, application expertise, and chemistry-based innovations for a wide range of industries. The firm offers tailored chemical solutions for various industrial and specialty chemical products for markets, including coatings, plastics, refrigeration and air conditioning, semiconductor and consumer electronics, and oil and gas. The firm has around 6,400 employees and 29 manufacturing locations that serve 3,200 clients in 120 countries. Its flagship products include leading brands such as Opteon™, Ti-Pure™, Teflon™, Freon™, Krytox™, Viton™, and Nafion™.

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CHEMICAL TECHNOLOGY, CHEMICAL MANAGEMENT

Matador Resources Company to Acquire Advance Energy Partners Holdings, LLC

Matador Resources | January 25, 2023

On January 24, 2023, Matador Resources Company announced that a fully-owned subsidiary of Matador had signed a definitive agreement for the acquisition of Advance Energy Partners Holdings, LLC, which includes oil and natural gas producing properties and undeveloped land in New Mexico, Lea County, and Ward County, Texas. The consideration for the Advance Transaction will include an initial cash payment of $1.6 billion, depending on customary closing adjustments, as well as additional cash consideration of $7.5 million for every month in 2023, during which the average oil price exceeds $85 per barrel, as stated in the securities purchase agreement. Advance is an EnCap Investments L.P. portfolio company. The Advance Transaction has an effective date of January 1, 2023, and is anticipated to close in the Q2 of 2023, based on customary closing conditions. On January 24, 2023, at 10:00 am Central Time, Matador's management held a live conference call to review the Advance Transaction. Matador estimates the entire proved oil and natural gas reserves linked with these properties to be approximately 106,4 million BOE (73 percent oil) as of December 31, 2022. PV-102 of the proved natural gas and oil reserves of these properties as of December 31, 2022, was roughly $2.86 billion based on the same unweighted arithmetic average first-day-of-the-month prices for the prior year that was used to value the Company's reserves as of December 31, 2022, valued at $6.36 per MMBtu of natural gas and $90.15 per barrel of oil. Matador anticipates that the continued development of these properties will increase future proven reserves and reserves value. Sewell & Associates, Inc., independent reservoir engineers from the Netherlands, conducted an audit of the reserve estimates prepared by Matador's engineering staff. AboutMatador Resources Company Matador Resources Company is a publicly traded, independent energy company headquartered in Dallas that focuses on shale plays and other unconventional plays in its development, production, exploration, and acquisition of natural gas and oil resources in the U.S. The company has a dedicated team of technical and administrative professionals, as well as a culture of high performance and fiscal discipline. It was founded as a privately held company in July 2003, attracting equity capital from several hundred investors, many of whom were shareholders in Matador Petroleum Corporation, its predecessor.

Read More

CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH

Albemarle Set to Launch Technology Park in North Carolina

Albemarle | January 09, 2023

Albemarle Corporation, a pioneer in the leading global chemicals industry, announced that it had acquired a site in Charlotte, North Carolina, U.S., to build the Albemarle Technology Park. The company will invest at least 180 million dollars in constructing a world-class facility to boost novel materials research and advanced process development and accelerate the introduction of next-generation lithium products to the market. According to Kent Masters, the CEO of Albemarle, "Albemarle Technology Park is part of our mine-to-market innovation strategy to invest in the U.S. EV battery supply chain and to be a leader in advanced lithium materials for next-generation energy storage. This facility will focus and accelerate our lithium technology leadership, better enabling the world's transition to more sustainable energy." (Source: prnewswire.com). The company believes that breakthroughs from the new facility will improve lithium recovery, optimize production methods, and discover new forms of lithium that will enable battery performance improvements. The State of North Carolina awarded nearly $13 million as an incentive package to Albemarle for developing an advanced product innovation, process development, and lithium materials research facility in Mecklenburg County. As a part of the Job Development Investment Grant (JDIG), this incentive package will support a portion of Albemarle's investment to redevelop the former IBM and Flextronics facility. The company anticipates creating over 200 jobs on-site, with an average annual salary of $94,000. Specifically, the team aims to triple the Ph.D. holding professionals in Albemarle Technology Park. The vision for Albemarle Technology Park (ATP) covers novel lithium materials, manufacturing processes, and the commercialization of new products in close collaboration with strategic customers. The company expects ATP to become a lithium innovation hub that establishes technology leadership in the fast-expanding EV industry in the Southeast U.S. through co-locating essential operations and collaborations. The organization predicts that the improved process technologies developed at the ATP will promote sustainability by decreasing energy and water consumption, unlocking new lithium resources, and enabling lithium recovery at end-of-life through economic recycling. Albemarle anticipates initial occupancy of ATP by early 2025 and a complete ATP campus by late 2026. About Albemarle Corporation Albemarle is a frontrunner in lithium, bromine, and catalysts. The company aims to think beyond the norm to unlock the potential of companies in critical industries such as transportation, energy, and electronics. With highly talented and knowledgeable international teams, deeply rooted values, and a collaborative customer relationship approach, Albemarle is developing performance-based solutions that enable a safer and more sustainable future.

Read More

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