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Economic updates: CECPI for October 2017

The preliminary value for the October CE Plant Cost Index (CEPCI; most recent available) increased compared to the previous month’s value for the fifth consecutive month. Increases in October for the Equipment and Buildings subindexes offset small decreases in the…

Dürr Named Core Supplier of Groupe PSA

International automotive manufacturer Groupe PSA has chosen the Dürr Group (Bietigheim-Bissingen, Germany; www.durr.com) as a primary supplier in its global network. The core supplier status was announced during a management meeting between the two companies at Dürr’s headquarters in Germany.…

Dow to expand propionic acid facility in Texas

Dow Industrial Solutions, a business unit of The Dow Chemical Co. (Midland, Mich.; www.dow.com), announced plans to expand its propionic acid facility in Texas City, Texas to meet rising global demand.The propionic acid market continues to grow as a result…

Year-end outlook for chemical industry appears positive, ACC says

The U.S. chemical industry is riding a global wave of growth as the world’s major economies experience an upswing for the first time in a decade. Increased output and accelerating growth rates that surpass the previous twenty-year average will help…

Global chemical production starts Q4 with solid gain, ACC says

Data collected and tabulated by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) shows that growth in global chemistry during October was buoyed by the U.S. recovery from Hurricane Harvey and a synchronized up-swing in the global economy. The American…

Aligning academia and industry

An article that was recently published on the Massachusetts Institute of Technology’s website (MIT; news.mit.edu) is titled “Why researchers should step out of the lab.” It tells the story of an MIT doctoral student whose research was focused on developing…

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Business News December 2017

Air Products signs agreement for coal-to-syngas facility in China November 13, 2017 — Air Products (Lehigh Valley, Pa.; www.airproducts.com) and Shaanxi Future Energy Group Co. (SFEC) signed an agreement for a $3.5-billion coal-to-syngas production facility to be built in Yulin…

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CPI Workforce Issues See Positive Movement

Significant workforce-related hurdles remain in place for CPI companies, but signs of progress are emerging For the past several years, companies in the chemical process industries (CPI) have been grappling with three consequential workforce issues that have also plagued other…

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Cost Engineering: Time Value of Money

Deciding whether to put a project on the fast track entails risks. Some observations are presented here to help minimize risks and maximize profits Time is money!” my mother used to tell me, whenever she caught me reading comic books…

Chemical Activity Barometer Continues Solid Gains Into 3rd Quarter, ACC says

The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), notched another solid increase over October’s reading both on a three-month moving average (3MMA) basis and an unadjusted basis. The CAB…