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Chemicals & Energy: Page 129

Dow: A Supply Chain Under Constant Change

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Demand for 'Green Chemistry' to Account for Largest Portion of Chemical Sales This Decade, Report Says

The market for so-called "safer chemistry" is set to outpace the overall global chemical market during the current decade. Companies are reducing their use and generation of hazardous substances, creating safer products and lowering the impact of processes on human health and the environment. The impetus comes from a combination of tightening regulations and demand from consumers for more sustainable products.

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Oil & Gas Giant Uses Technology to Gain Efficiency, Avoid Reconciliation

Challenge: A large oil and gas corporation required a U.S. Customs broker to facilitate the clearance of 60,000 annual entries via rail and truck from Canada to the U.S. The company's complex supply chain included 12 different scenarios involving multiple locations, carriers, commodities, processes, and technology platforms. The customer sought a partner who would reduce manual entry processes, ensure Customs compliance, and streamline communication flow.

Billion Dollar Revenues, Seven Factories, One Powerful Planning System

Challenge: Seven factories, seven different scheduling systems with no SAP integration. That was the challenge facing one of the world's largest manufacturers of powder coatings. The company suffered high inventory levels, sub-optimal utilization of plants, and inconsistent service levels.

Chemical Industry Urged to Pump More into Export Logistics

The boom in natural gas production in the U.S. is "rippling downstream" to the plastics industry, and chemical companies will need to invest more in export logistics facilities as they ramp up U.S. plastics production, says Owen Kean, senior director of the American Chemistry Council. "For the most part, what's happening in the chemical industry is largely an export story."

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The Fortunes of Chemical Shipping Industry Is Boosted by Swing Vessels

Chemical shipping faces another tough year, but prospects are improving thanks to the strength of the product tanker market which is attracting a growing number of swing ships out of chemicals into products, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.

Hydraulic Fracturing Causes Another Split Between Conservative and Liberal State

Fracking is creating a new dividing line between the nation's red and blue states.

EPA Finds Fracking Not Responsible for Widespread Environmental Damage

Hydraulic fracturing has contaminated some drinking water sources, but the damage is not widespread, according to a landmark U.S. study of water pollution risks that has supporters of the drilling method declaring victory and foes saying it revealed reason for concern.

Bulk Chemical Production Expected to Fuel Industrial Energy Consumption Increases for Next 25 Years

The U.S. Energy Information Administration's annual energy outlook - which was released earlier this spring - anticipated that the industrial sector's energy demand would outpace all other sectors through 2040, and a just-released EIA report projected that bulk chemicals would account for a "large portion of both consumption and anticipated growth," with the value of chemical shipments increasing from $288bn in 2013 to $429bn in 2025.

Tanker Operators Tie Their Prosperity to Decreased Shale Oil Production, Boost in Oil Imports

How much U.S. shale oil production is taken out of service will be a key driver of future tanker shipping earnings, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.

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Increases Predicted for Long-term Energy Costs

Although gas prices are temporarily low at the pump, long-term energy costs are on the rise. According to State of the World 2015 contributing author Nathan John Hagens, a former hedge fund manager who teaches human macro-ecology at the University of Minnesota, nations are papering over those costs with debt. Higher energy costs are leading to continued recessions, excess claims on future natural resources, and more-severe social inequality and poverty.

Use of Renewable Energy at Highest Rate in More Than 80 Years

In 2014, renewable energy accounted for 9.8 percent of total domestic energy consumption. This marks the highest renewable energy share since the 1930s, when wood was a much larger contributor to domestic energy supply.

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