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U.S. specialty chemical markets continue recovery from winter storms, ACC says

U.S. specialty chemicals market volumes rose 0.7% in May and are now above the pre-winter storm levels of January, according to data from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Activity remains off from pre-pandemic levels, ACC said. Of…

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Business News: June 2021

Plant Watch BASF to expand PGM recycling capacity in South Carolina May 12, 2021 — BASF SE (Ludwigshafen, Germany; www.basf.com) is expanding its platinum group metals (PGM) refining facility in Seneca, S.C. New capital investments will increase refining capacity to…

Modularization: Managing Project Delivery Risk in the Time of COVID

Taking a modular approach to capital projects offers a pathway for companies to be proactive, rather than reactive, as they manage project risk in the time of COVID and potential similar disruptions in the future It has been more than…

Chemical Activity Barometer rises in May, ACC says

The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 1.2% in May on a three-month moving average (3MMA) basis following a 1.0% increase in April. On a year-over-year (Y/Y)…

U.S. specialty chemical markets expand in April, ACC says

U.S. specialty chemicals markets volumes rose 0.8% in April, continuing their recovery from the winter storms, according to data from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Of the 28 specialty chemical segments monitored, 14 expanded, down from 22…

2021 CEPCI Updates: March (prelim.) and February (final)

The preliminary value for the CE Plant Cost Index (CEPCI) for March 2021 (the most recent available) indicates another large monthly rise, the sixth consecutive monthly increase. Similar to the story in February, the large uptick in March is linked…

Recently Published Books for the CPI: May 2021

The following recently published books may have relevance to various sectors of the chemical process industries (CPI). Driving Continuous Process Safety Improvement from Investigated Incidents. By the Center for Chemical Process Safety (CCPS), Wiley Publishing, 2021, 288 pages, $140.00. Industry…

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Business News: May 2021

Plant Watch Chevron and Honeywell start up alkylation unit using new ionic-liquids technology April 13, 2021 — Chevron Corp. (San Ramon, Calif.; www.chevron.com) and Honeywell International, Inc. (Charlotte, N.C.; www.honeywell.com) announced the commissioning and startup of the world’s first commercial-scale…

Renewable Feed, New Technology and C2C Strategies Offer Opportunities for Refiners

After a rough past year, petroleum refineries are seeking profit opportunities through the use of renewable feedstocks, such as vegetable oils and waste fats, as well as with new alkylation technologies and by increasing “crude-to-chemicals” (C2C) approaches The past 18…