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Hi there guys!
Sorry for the delay on News about the Chemical Industry…
I was focused in Launching the Pumps Fundamentals Course! If you want to support this Newsletter, you can check it out!
Now, let’s focus into the Chemical World!
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Chemical Industry News
The News
- LyondellBasell Aquires NATPET
- LyondellBasell acquired a 35% stake in Saudi-based NATPET from Alujain. (read more)
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- BASF going CO2 Netural for Fumarates
- BASF is researching a CO2-neutral method for producing bio-based fumarate.
- The research involves using bacteria found in cow stomachs and is a collaborative effort between universities in Saarland, Marburg, and Kaiserslautern. (read more)
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- Noble Corporation is acquiring Diamond Offshore in a stock and cash deal.
- This merger signifies ongoing consolidation in the oil and gas drilling sector. (read more)
- ECHEMI becoming a global player
- ECHEMI, a global chemical product distributor, has risen to 50th place in the ICIS 2024 Top 100 Chemical Distributors ranking.
- This achievement highlights ECHEMI’s growing presence in the global chemical distribution market.
ECHEMI now Top 50 Distributor |
- Eni drilling in Mexico Offshore:
- Eni drills Mexico offshore exploration well with sights on potential new project
- Italian company assessing joint development in the Sureste basin (read more)
- Self-Healing Batteries?
- A new, safer, and more flexible battery for wearable tech has been invented.
- This self-healing battery boasts excellent energy density, power density, cycle life, and flexibility. (read more)
Great News fo Battery Enthusiasts |
- US Steel Plates
- The US spot market for steel plate has stabilized in price with a bearish tone during the 4th and 5th weeks.
- This stability is attributed to prevailing market sentiment and ongoing labour negotiations. (read more)
Steel Market Improving for the US |
- Honeywell Technologies for Olefins
- Honeywell has developed a technology that can reduce emissions intensity from light olefin production by up to 50%.
- This new development could represent a significant step towards sustainability in the chemical manufacturing sector. (read more)
Olefin Production and CO2 decrease |
- AI vs ChemE Jobs?
- A new report suggests that Artificial intelligence (AI) could impact nearly half of chemical engineering jobs.
- The report predicts AI will significantly change workloads, potentially allowing chemical engineers more time for complex tasks.
Will AI remove jobs? |
- More on Carbon Captre Technologies in Europe
- A European contractor has successfully finished crucial engineering studies for a large upcoming Carbon Capture and Storage (CCS) hub.
- Although the specific location and other details are not mentioned, this signifies progress in developing CCS technology.
More Green Tech |
- Polyurethane Mattresses Solution
- A consortium, including Ecomaison, Covestro, Secondly, and Federal Eco Foam, has initiated a research project to develop an innovative concept for recycling end-of-life polyurethane mattress foams.
- This initiative aims to address the environmental concerns associated with polyurethane foam waste. (read more)
SHORTS:
- Braskem confirms potential third bidder for company
- DOE announces $1.2 billion to fund seven chemicals and refining decarbonization projects
- China’s p-xylene imports fall on month in February
- Henkel partners with Kraton to cut carbon emissions in adhesives
- Merck invests €300M into new bioprocessing center in South Korea
- BASF breaks ground on fermentation plant at Ludwigshafen
- Lonza acquires Roche’s biologics site in California for $1.2B
- Schneider Electric investing $140 million to expand U.S. manufacturing presence
Final thoughts
There you have it guys, a quick overview of the Chemical Industry. Not so “big news” compared to February, but definetively lots into Hydrogen Economy, Oil & Gas and general Chemical Company Markets.
Let me know what are your thoughts!
See you next month!
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