Running an Efficient Chemical Reconciliation to Maintain an Accurate Chemical Inventory

Chemical reconciliations are like hitting refresh on your chemical inventory system. After you perform a chemical reconciliation in your lab or at your facility, the chemical inventory is accurate, precise, and more reliable for all end users. Run Chemical Reconciliations Regularly To keep an accurate chemical inventory, it is essential to perform regular chemical reconciliations onsite. An accurate chemical inventory is a representation of a safe and compliant workspace.

Spotlight

Bilfinger UK

Bilfinger UK is a leading provider of engineering, automation and maintenance, modifications and operations services to industrial clients across the oil & gas, energy & power, pharmaceutical & chemical and nuclear sectors. Our skilled workforce provides unified, multidisciplinary support through the lifespan of an asset - including design and build, automated control systems and operations and maintenance - driving efficiencies and reducing costs.

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Chemical Technology

The multi-million dollar polymers opportunity: continued big regional price differentials

Article | August 2, 2022

POLYMER BUYERS outside northeast (NEA) and southeast Asia (SEA) have a big opportunity to save millions of dollars on procurement costs during the rest of this year through purchasing more from the two regions.The opportunity has arisen because I believe that NEA and SEA polymer prices will remain very cheap relative to most of the world until at least the end of 2021. NEA comprises China, Japan, Taiwan and South Korea. Our definition of the SEA region is Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.NEA and SEA producers can also make a lot of money by constantly monitoring and acting on strong arbitrage opportunities in other regions. As supply disruptions in the US look likely to continue, Europe and South & Central America seem particularly good opportunities for both buyers and producers.Before we discuss why I see NEA and SEA remaining cheap relative to most of the rest of the world until at least the end of the year, let us consider in more detail the size of the prize, starting with the resin buyers.

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Chemical Technology

Future-Proofing the Chemical Industry with Digitalization

Article | August 8, 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 Management

Pandemic’s third wave seems unlikely to damage global petrochemicals demand

Article | July 13, 2021

Petrochemical stocks plunged worldwide on 19 July ahead of the Q2 earnings season. The declines were consistent with those in economically sensitive sectors such as steel, copper, automotive and housing,” wrote my ICIS colleague, Joseph Chang, in this Insight article.

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THE BENEFITS OF CHEMICAL FOAMERS, AND HOW BEST TO USE THEM TO MAXIMISE PRODUCTION

Article | April 14, 2020

Downhole fluid build-up coupled with a drop in reservoir pressure can lead to the rapid decline of gas production rates, and can ultimately result in a well ceasing production. While there are many ways to deliquify a well to maximise production, chemical foamers can be incredibly effective and well worth considering. In this blog post, Kevin Lonie shares some of the benefits of using chemical foamers, and provides insights and advice around how best to use them… “Foamers are a much cheaper option than alternative solutions, such as mechanical lifts, and there is very little risk associated with their usage. If a foamer doesn’t work, it won’t make the well worse - so often we see clients giving them a go before opting for more expensive methods, in the hope that they produce the desired results. And we have seen their success over and over again.”

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Spotlight

Bilfinger UK

Bilfinger UK is a leading provider of engineering, automation and maintenance, modifications and operations services to industrial clients across the oil & gas, energy & power, pharmaceutical & chemical and nuclear sectors. Our skilled workforce provides unified, multidisciplinary support through the lifespan of an asset - including design and build, automated control systems and operations and maintenance - driving efficiencies and reducing costs.

Related News

Chemical Management

LBB Specialties Announces Principal Partnership with Viscofan

PR Newswire | October 25, 2023

LBB Specialties (LBBS), a leader in specialty chemicals and ingredients distribution in North America, announces a new partnership with Viscofan DE, a global leader in collagen manufacturing. LBB Specialties will be Viscofan's preferred partner in the United States for their portfolio of premium collagen hydrolysates, including COLLinstant® and COLLinstant LMW®. "Viscofan has over 90 years of experience in the collagen market. We are excited to bring this expertise to our customer base, as these products meet global consumer demand for highly bioavailable ingredients with a major advantage over traditional collagen formulas," said Mike DeGennaro, Senior Vice President of LBB Specialties Food & Nutrition. Viscofan DE is the center of excellence for collagen products within the Viscofan group. Viscofan applies proprietary technologies and standardized extraction methods to process collagen from bovine skin for the development and industrial-scale production of novel collagen ingredients and biometrics. "LBB Specialties' technical expertise and dedicated commercial team is uniquely positioned to expand our innovative offerings in the US nutraceutical market," said James Murray, Business Manager at Viscofan. "Their existing portfolio of high-quality ingredients for health and wellness applications is the perfect complement to our COLLinstant® product line of collagen peptide alternatives." About LBB Specialties LBB Specialties is a leader in North American specialty chemicals and ingredients. It is a diversified supplier serving end-markets including care, food & nutrition, industrial specialties, and life sciences. LBB Specialties generates approximately $500 million in revenue annually and employs more than 110 commercial team members.

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Products and Technologies

Lygos & CJ FNT Partner to Deliver High-Performing, Sustainable Materials

Business Wire | October 19, 2023

Lygos, a sustainable specialty chemical company, and CJ Food & Nutrition Tech a global fermentation and biotechnology company and business unit of South Korea-based CJ CheilJedang, today announced the companies have signed an agreement to support large-scale manufacturing of amino and organic acid precursors for Lygos’ Soltellus™ & Ecoteria™ products. CJ has over 60 years in the fermentation business with expertise in microbial fermentation and infrastructure to scale and optimize production processes. The partnership enables Lygos to utilize CJ’s state-of-the-art manufacturing capacity, and access existing technology and optimization tools from their newly formed precision fermentation CDMO (Contract Development & Manufacturing Organization) business. Lygos intends to execute additional plans for near and mid-term demand for product applications of Soltellus and Ecoteria, while CJ will provide critical technical and strategic optimization for process and production to support commercialization. “CJ’s innovative approach enables efficient technology development, leverages robust production capabilities across the value chain, and is a strong complement to our current and future commercial product offerings,” said Eric Steen, CEO of Lygos. “This partnership augments our commercialization strategy of Collaborate to Accelerate by providing access to CJ’s technology and optimization capabilities for fermentation processes as well as the potential to collaborate on new products.” “Lygos represents a standout partner for us that has developed technology and commercial plans that meet our objectives for future growth,” said Lance Choi, CEO of CJ FNT. “We believe their success combined with our technical capabilities will help accrue additional partnerships to our CDMO business.” Soltellus™ polymers are sustainable, biodegradable, and water-soluble with applications in home care, agronomy, and water treatment. Ecoteria™ malonates offer safety, sustainability, performance, and supply resiliency benefits in fragrances, coatings, agriculture chemicals, pharmaceuticals, and other specialty applications. About Lygos Lygos is a pioneering sustainable specialty chemicals company, leading the world’s transition toward better, cleaner, and more sustainable products. We have built a proprietary and fully integrated platform of the most advanced technologies across synthetic biology, industrial chemistry, and application development to rapidly deliver market relevant solutions to some of the world’s biggest sustainability challenges. With a pipeline of high-performing, innovative solutions, Lygos is paving the way for generations of new sustainable solutions for our world.

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Chemical Management

Sinopec NZRCC Selects Lummus' Polypropylene Technology for Large-Scale Plant in China

PR Newswire | October 17, 2023

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd. (Sinopec NZRCC), a subsidiary of the Sinopec Group and its flagship refining and petrochemical company. Sinopec NZRCC will license Lummus' Novolen® technology for a new 500 kilo ton per annum polypropylene plant in Ningbo, China. "With this award, our Novolen business strengthens its position in China and globally, reinforcing it as the industry's leader and preferred process for producing high-quality polypropylene," said Romain Lemoine, Chief Business Officer of Polymers and Petrochemicals, Lummus Technology. "We look forward to supporting Sinopec NZRCC's project to build this highly competitive plant by providing timely, superior process design- and implementation services." Lummus' scope includes the technology license, basic design engineering, training and project engineering services. Today, Novolen is the industry's leading polypropylene technology and can deliver a sustainable route for polymers production, while maximizing the financial benefits of operations through lower CAPEX and OPEX. The technology is highly flexible, robust, energy efficient and allows production of a full grade slate of leading polypropylene products of all product families, including homopolymers, random copolymers, terpolymers, impact copolymers and rTPO's. About Lummus Technology Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. We license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide.

Read More

Chemical Management

LBB Specialties Announces Principal Partnership with Viscofan

PR Newswire | October 25, 2023

LBB Specialties (LBBS), a leader in specialty chemicals and ingredients distribution in North America, announces a new partnership with Viscofan DE, a global leader in collagen manufacturing. LBB Specialties will be Viscofan's preferred partner in the United States for their portfolio of premium collagen hydrolysates, including COLLinstant® and COLLinstant LMW®. "Viscofan has over 90 years of experience in the collagen market. We are excited to bring this expertise to our customer base, as these products meet global consumer demand for highly bioavailable ingredients with a major advantage over traditional collagen formulas," said Mike DeGennaro, Senior Vice President of LBB Specialties Food & Nutrition. Viscofan DE is the center of excellence for collagen products within the Viscofan group. Viscofan applies proprietary technologies and standardized extraction methods to process collagen from bovine skin for the development and industrial-scale production of novel collagen ingredients and biometrics. "LBB Specialties' technical expertise and dedicated commercial team is uniquely positioned to expand our innovative offerings in the US nutraceutical market," said James Murray, Business Manager at Viscofan. "Their existing portfolio of high-quality ingredients for health and wellness applications is the perfect complement to our COLLinstant® product line of collagen peptide alternatives." About LBB Specialties LBB Specialties is a leader in North American specialty chemicals and ingredients. It is a diversified supplier serving end-markets including care, food & nutrition, industrial specialties, and life sciences. LBB Specialties generates approximately $500 million in revenue annually and employs more than 110 commercial team members.

Read More

Products and Technologies

Lygos & CJ FNT Partner to Deliver High-Performing, Sustainable Materials

Business Wire | October 19, 2023

Lygos, a sustainable specialty chemical company, and CJ Food & Nutrition Tech a global fermentation and biotechnology company and business unit of South Korea-based CJ CheilJedang, today announced the companies have signed an agreement to support large-scale manufacturing of amino and organic acid precursors for Lygos’ Soltellus™ & Ecoteria™ products. CJ has over 60 years in the fermentation business with expertise in microbial fermentation and infrastructure to scale and optimize production processes. The partnership enables Lygos to utilize CJ’s state-of-the-art manufacturing capacity, and access existing technology and optimization tools from their newly formed precision fermentation CDMO (Contract Development & Manufacturing Organization) business. Lygos intends to execute additional plans for near and mid-term demand for product applications of Soltellus and Ecoteria, while CJ will provide critical technical and strategic optimization for process and production to support commercialization. “CJ’s innovative approach enables efficient technology development, leverages robust production capabilities across the value chain, and is a strong complement to our current and future commercial product offerings,” said Eric Steen, CEO of Lygos. “This partnership augments our commercialization strategy of Collaborate to Accelerate by providing access to CJ’s technology and optimization capabilities for fermentation processes as well as the potential to collaborate on new products.” “Lygos represents a standout partner for us that has developed technology and commercial plans that meet our objectives for future growth,” said Lance Choi, CEO of CJ FNT. “We believe their success combined with our technical capabilities will help accrue additional partnerships to our CDMO business.” Soltellus™ polymers are sustainable, biodegradable, and water-soluble with applications in home care, agronomy, and water treatment. Ecoteria™ malonates offer safety, sustainability, performance, and supply resiliency benefits in fragrances, coatings, agriculture chemicals, pharmaceuticals, and other specialty applications. About Lygos Lygos is a pioneering sustainable specialty chemicals company, leading the world’s transition toward better, cleaner, and more sustainable products. We have built a proprietary and fully integrated platform of the most advanced technologies across synthetic biology, industrial chemistry, and application development to rapidly deliver market relevant solutions to some of the world’s biggest sustainability challenges. With a pipeline of high-performing, innovative solutions, Lygos is paving the way for generations of new sustainable solutions for our world.

Read More

Chemical Management

Sinopec NZRCC Selects Lummus' Polypropylene Technology for Large-Scale Plant in China

PR Newswire | October 17, 2023

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd. (Sinopec NZRCC), a subsidiary of the Sinopec Group and its flagship refining and petrochemical company. Sinopec NZRCC will license Lummus' Novolen® technology for a new 500 kilo ton per annum polypropylene plant in Ningbo, China. "With this award, our Novolen business strengthens its position in China and globally, reinforcing it as the industry's leader and preferred process for producing high-quality polypropylene," said Romain Lemoine, Chief Business Officer of Polymers and Petrochemicals, Lummus Technology. "We look forward to supporting Sinopec NZRCC's project to build this highly competitive plant by providing timely, superior process design- and implementation services." Lummus' scope includes the technology license, basic design engineering, training and project engineering services. Today, Novolen is the industry's leading polypropylene technology and can deliver a sustainable route for polymers production, while maximizing the financial benefits of operations through lower CAPEX and OPEX. The technology is highly flexible, robust, energy efficient and allows production of a full grade slate of leading polypropylene products of all product families, including homopolymers, random copolymers, terpolymers, impact copolymers and rTPO's. About Lummus Technology Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. We license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide.

Read More

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