Chemical industry

Global Hydrogen Generation Market Revenue to Surpass $225.78 Billion by 2030, with North America Leading the Market With Robust Commitment Toward Clean Energy Solution, Estimates Kings Research

Retrieved on: 
Friday, February 9, 2024
Carbon, Transport, Hydrogen, Investment, Growth, Steel, Fertilizer, Ammonia, Research, Chemical industry, Linde, Natural gas

Based on source, the market is bifurcated into green hydrogen, blue hydrogen, and gray hydrogen.

Key Points: 
  • Based on source, the market is bifurcated into green hydrogen, blue hydrogen, and gray hydrogen.
  • The gray hydrogen segment led the global hydrogen generation market by accruing the largest market share in 2022.
  • Gray hydrogen, derived from natural gas through fossil fuel-based processes, stands as the least sustainable variant of hydrogen.
  • The hydrogen generation market is witnessing a robust surge driven by a global push toward decarbonization and a transition to clean energy sources.

Global Air Separation Unit Industry Report 2023: Market Size, Share, Trends, Opportunity, and Forecasts, 2018-2028F

Retrieved on: 
Thursday, February 8, 2024
Asus, Carbon, Metallurgy, Steel, Oxygen, Iron, ASU, Nitrogen, Chemical industry, Gas, USD, Renewable energy

DUBLIN, Feb. 8, 2024 /PRNewswire/ -- The "Air Separation Unit Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 8, 2024 /PRNewswire/ -- The "Air Separation Unit Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
  • The global Air Separation Unit (ASU) market, critical for various industry sectors spanning healthcare to metallurgy, is anticipated to witness robust expansion.
  • The first is the considerable initial capital investment required for establishing ASU facilities, potentially deterring new entries within the market.
  • Geographically, the Asia Pacific region dominates the global market, with worldwide attention on China and India's substantial industry growth.

Chevron Phillips Chemical names Steve Prusak President and Chief Executive Officer

Retrieved on: 
Thursday, February 8, 2024
Chemicals, Plastics, Other Energy, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Plastic, Carbon, Plant, University, Smith, BASF, Chevron Phillips Chemical, TotalEnergies, Polymer, Prusak, Multimedia, Engineering, Chemical engineering, MBA, Phillips 66, Research, Chemical industry, Management

Chevron Phillips Chemical announced today that Steve Prusak, currently senior vice president, corporate planning and technology, will become president and chief executive officer, effective March 1, 2024.

Key Points: 
  • Chevron Phillips Chemical announced today that Steve Prusak, currently senior vice president, corporate planning and technology, will become president and chief executive officer, effective March 1, 2024.
  • Current president and chief executive officer, Bruce Chinn, will retire after more than 40 years in the energy industry.
  • View the full release here: https://www.businesswire.com/news/home/20240208061212/en/
    Current CPChem president and chief executive officer, Bruce Chinn, will retire after more than 40 years in the energy industry.
  • Justine Smith, currently senior vice president, petrochemicals, will become executive vice president, commercial, assuming additional responsibility for the polymers and specialties businesses.

ACC to President Biden: Create Interagency Policy Committee or Risk Offshoring U.S. Chemical Manufacturing

Retrieved on: 
Thursday, February 8, 2024
CHIPS, American Chemistry Council, Policy, Science, Chemistry, Investment, Government, EVS, ACC, Biotechnology, Life, Risk, Inflation, IIJA, Communication, Letter, Research, IRA, Chemical industry, IPC

WASHINGTON, Feb. 8, 2024 /PRNewswire/ -- American Chemistry Council (ACC) President and CEO Chris Jahn today sent a letter to President Biden requesting he create an Interagency Policy Committee (IPC). Led by the Director of the White House National Economic Council, the intent of the IPC is to coordinate an economic impact analysis of regulations on the chemical industry and the broader economy. The IPC would require all cabinet departments to evaluate the regulatory proposals by other federal agencies specifically to identify their impact on the ability and speed of administering the programs of those federal departments, especially the new responsibilities associated with implementing the Infrastructure Investment and Jobs Act, the Inflation Reduction Act, and the CHIPS and Science Act.

Key Points: 
  • Require all Cabinet Departments to Identify Impact of Proposed Regulations on IIJA, IRA, CHIPS and Science Act
    WASHINGTON, Feb. 8, 2024 /PRNewswire/ -- American Chemistry Council (ACC) President and CEO Chris Jahn today sent a letter to President Biden requesting he create an Interagency Policy Committee (IPC).
  • In the letter, Mr. Jahn highlights the fact that the domestic chemical manufacturing sector provides raw materials for nearly every economic sector in the country.
  • The total number of regulations that apply to the chemical manufacturing industry has doubled in the past 20 years.
  • In short, we risk offshoring of American innovation—good American jobs—if this current regulatory environment is allowed to continue."

EQS-News: Ringmetall more confident about 2024 after a challenging 2023

Retrieved on: 
Tuesday, February 6, 2024
Chemical industry, Environment, HSM, Tax, Protection, Depreciation, Sale

Based on preliminary business figures, Group revenue in 2023 amounts to EUR 181.4 million, which corresponds to a year-on-year decline of 15.0 percent (2022: EUR 213.5 million).

Key Points: 
  • Based on preliminary business figures, Group revenue in 2023 amounts to EUR 181.4 million, which corresponds to a year-on-year decline of 15.0 percent (2022: EUR 213.5 million).
  • Adjusted for HSM's share of revenue in the 2022 and 2023 financial years, the year-on-year decline in revenue amounted to -12.2 percent.
  • "In 2023, we further strengthened and internationalized Ringmetall through successful acquisitions," emphasizes Christoph Petri.
  • Further information on the Ringmetall Group and its affiliated subsidiaries can be found at www.ringmetall.de.

Dow Board Chair and CEO Jim Fitterling to be Awarded the 2024 International Palladium Medal

Retrieved on: 
Monday, February 5, 2024
International Palladium Medal, Chemical industry, Engineering education, College, Dean, American Chemistry Council, Environment, ERG, Carbon, Dow, Business Roundtable, Employee resource group, Business, University, The Business Council, American Heart Association, Management

MIDLAND, Mich., Feb. 5, 2024 /PRNewswire/ -- The Société de Chimie Industrielle will award the 2024 International Palladium Medal to Dow Board Chair and Chief Executive Officer Jim Fitterling for his contributions to the chemical industry and his leadership in enhancing the international aims and objectives of the Société de Chimie Industrielle.

Key Points: 
  • MIDLAND, Mich., Feb. 5, 2024 /PRNewswire/ -- The Société de Chimie Industrielle will award the 2024 International Palladium Medal to Dow Board Chair and Chief Executive Officer Jim Fitterling for his contributions to the chemical industry and his leadership in enhancing the international aims and objectives of the Société de Chimie Industrielle.
  • Fitterling will receive the award at a dinner in his honor on May 8, 2024, at the New York Hilton Midtown.
  • The International Palladium Medal was established in 1958 and was first presented to Ernest-John Solvay of Belgium in 1961.
  • Fitterling is Chair of the Alliance to End Plastic Waste (AEPW) board, Chair of the FOSSI Advisory Board, member and past Chair of the Board of Directors of the National Association of Manufacturers, and member and past Chair of the Board for The American Chemistry Council.

TPC Group Promotes John Harvey, III to Senior Vice President, Operations

Retrieved on: 
Monday, January 29, 2024
Senior, Health, Knowledge, Operational excellence, TPC, University, Petroleum, Chemical industry, Safety, TPC Group, Clips4Sale, Renewable energy

HOUSTON, Jan. 29, 2024 (GLOBE NEWSWIRE) -- TPC Group today announced the promotion of John Harvey, III, to Senior Vice President, Operations for the Company.

Key Points: 
  • HOUSTON, Jan. 29, 2024 (GLOBE NEWSWIRE) -- TPC Group today announced the promotion of John Harvey, III, to Senior Vice President, Operations for the Company.
  • Mr. Harvey joined the Company in May 2021 as Plant Manager, Houston Operations.
  • Since his arrival, Mr. Harvey has led significant improvements in the Company’s performance in environmental, health, safety and security, plant reliability and production capacity.
  • He has also set the overall operations strategy that continues to drive Operational Excellence across the organization.

8 Rivers Announces Joint Development Agreement with Casale SA to Deliver the Breakthrough CO2 Convective Reformer for 8RH2 Hydrogen Technology

Retrieved on: 
Wednesday, January 17, 2024
CCR, CO2, Natural gas, World War II, Power, Partnership, Agriculture, Methane, AFC, Coal, Hydrogen, Chemical industry, Carbon, ATR, Transport, Climate, Plant, SMR

8 Rivers Capital, LLC, has further advanced its breakthrough 8RH2 ultra-low-carbon hydrogen technology by adding a CO2 Convective Reformer (CCR), a new proprietary type of methane reformer being jointly developed with Casale SA.

Key Points: 
  • 8 Rivers Capital, LLC, has further advanced its breakthrough 8RH2 ultra-low-carbon hydrogen technology by adding a CO2 Convective Reformer (CCR), a new proprietary type of methane reformer being jointly developed with Casale SA.
  • The CCR presents a game-changing opportunity for sectors such as transportation, agriculture, and energy, where hydrogen, ammonia, and other hydrogen-derivative products play vital roles.
  • DURHAM, N.C., Jan. 17, 2024 (GLOBE NEWSWIRE) -- 8 Rivers, a world-leading decarbonization technology provider, proudly announces a strategic partnership with Casale SA to further advance a key component for its 8RH2 clean hydrogen technology : the CO2 Convective Reformer (CCR).
  • 8RH2 harnesses an advanced CO2 process cycle in a CO2 Convective Reformer, building on 8 Rivers’ decades of decarbonization and CO2 expertise.

Bakelite Partners With Women in Chemicals to Further Empower Women in the Industry

Retrieved on: 
Thursday, January 25, 2024
Chemicals, Plastics, Other Manufacturing, Manufacturing, Online, Partnership, Chemical industry, FP, FP&A

Bakelite is proud to announce its partnership with Women in Chemicals, a non-profit organization dedicated to empowering women in the chemical industry.

Key Points: 
  • Bakelite is proud to announce its partnership with Women in Chemicals, a non-profit organization dedicated to empowering women in the chemical industry.
  • Founded in 2021, Women in Chemicals boasts more than 1,900 members from 500 companies and offers a diverse range of growth opportunities for women at all stages of their careers.
  • "We are thrilled to partner with Women in Chemicals and contribute to their mission of empowering women in the chemical industry," said Laura Boninsegni, VP, FP&A and Regional Finance Leader and president of the Bakelite Women’s Network.
  • In her three-year term, she aims to help to create personal, professional and networking opportunities for other women in the chemical industry.

Global Industrial Absorbents Market Analysis & Forecast to 2028 - A $5.13 Billion Market by 2028 - Advanced Eco-Friendly Solutions Drive Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 24, 2024
Chemicals, Plastics, Manufacturing, Waste management, Population growth, Pond, HAZMAT, Government, Public, Environment, Chemical industry, Recycling, Safety, Polymer, Economic development, Growth, Tissue paper

Global Industrial Absorbents Market Dynamics:

Key Points: 
  • Global Industrial Absorbents Market Dynamics:
    Growth Drivers: The chemical industry, a pivotal sector in the global economy, plays a vital role in various applications.
  • This growing demand is not only propelling the global industrial absorbents market but also creating significant opportunities for manufacturers and suppliers globally.
  • More trends in the market are believed to augment the growth of industrial absorbents market during the forecasted period include, biodegradable absorbents, technological advancements, etc.
  • Competitive Landscape and Recent Developments:
    The global industrial absorbents market is moderately fragmented.