The PO Problem Posted on August 3rd, 2017 by Rhian O’Connor in Chemicals Industry News and Analysis Propylene oxide (PO) is in strong demand, especially for polyurethanes applications, but tight control of the technology is limiting the building of new plants. The Future Environmental Impact from the Chemicals Industry The current lack of information on the safety of chemicals on the market as well as the amount of hazardous substances being released into the environment during use and disposal of chemical products will pose a major challenge to policy makers over the next two decades. The new white paper “Industry 4.0: Top Challenges for Chemical Manufacturing” presents three major challenges that chemical manufacturers need to address right now in order to stay competitive. Public and community concerns about the performance of chemical manufacturers (particularly following negative publicity associated with contaminated waste sites such as Love Canal or chemical accidents such as the tragedy in Bhopal, India) led the industry to establish a set of minimum environmental performance standards. Get article recommendations from ACS based on references in your Mendeley library. All opinions shared in this post are the author’s own. This is because as simple, monotonous processes become automated, other processes become more complex and intertwined. These areas that will require special focus include the Internet of Things (IoT), actionable information, and standards and best practices. Today’s chemical companies are quickly adapting to the digital world, recognizing the power of “connection” among products, production equipment and personnel. Our latest report details massive but gradual shifts in the global petrochemicals industry (petchem) that are changing the way base chemicals capacities are added and utilized. The percentage of revenue spent on research varies from one branch to another; companies specializing in large-volume products that have been widely used for many years spend less, whereas competition in … Transforming data into actionable information, however, requires both the right technologies and the right people. Yet it’s useless unless converted into actionable information. But awareness is the first step to addressing some of the key components. Find more information about Crossref citation counts. Sitemap, Industry 4.0: Top Challenges for Chemical Manufacturing, https://www.elsevier.com/rd-solutions/chemicals-and-materials, Data Can Help Drive Clean Infrastructure—But It’s Not Enough, 3D Printed “Smart Particles” Promise Revolutionary Micro Structures, The Plastic Bank Addressing Human Problems, Imminent Challenges Threatening The Supply Of Lithium Ion Batteries, Naphtha Margins Pushing Petchem Profits Higher in 2017. the Altmetric Attention Score and how the score is calculated. Please reconnect. Find more information about Crossref citation counts. Read the white paper to find out more about how today’s chemical companies can address key challenges and move forward into the era of Industry 4.0. Please note: If you switch to a different device, you may be asked to login again with only your ACS ID. You have to login with your ACS ID befor you can login with your Mendeley account. Your Mendeley pairing has expired. 4 For some companies the costs of complying with … Some are specific to organizations and depend on where they currently stand regarding technology, operations and resources. These areas that will require special focus include the Internet of Things (IoT), actionable information, and standards and best practices. The impact of commoditization results in lower margins and switching costs. Forces from end-markets and the upstream oil and gas sector are influencing how regional base chemicals capacity additions are happening and which chemical feedstocks remain the most preferred. In lieu of an abstract, this is the article's first page. But with transformation also comes challenges. Although the industry has struggled against the direct commoditization of their products for decades (more a factor of oversupply), there has been a profound impact from commoditization and disruption in industries downstream from the chemical industry. Because of the competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries. However, the chemical industry and its rapid growth also bring many negative problems, such as safety problems, pollution problems, ecological and environmental problems, high energy consumption, excess manufacturing capacity, etc. The right technologies include systems with analytical and visualization capabilities that enable predictive manufacturing, technical problem solving, process design and hazard analysis, environmental impact mitigation as well as energy efficiency and safety. Transitioning to Industry 4.0 is both a challenge and an opportunity to grow, connect, streamline and build your chemical manufacturing value chain. Find more information on the Altmetric Attention Score and how the score is calculated. Article Views are the COUNTER-compliant sum of full text article downloads since November 2008 (both PDF and HTML) across all institutions and individuals. Citations are the number of other articles citing this article, calculated by Crossref and updated daily. This article has not yet been cited by other publications. Now is the time for chemical manufacturers to take stock of their current status and create a strategy to adapt. The right people are those who can take on more strategic, coordinating and creative activities. Senior Manager of Strategic Segment Marketing - Chemicals, Connect on LinkedIn Follow on Twitter https://www.elsevier.com/rd-solutions/chemicals-and-materials, Copyright © 2020 Elsevier, except certain content provided by third parties, Cookies are used by this site.
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