To reduce the development time of its formulations, this major chemical company has worked to embed digitalization into each aspect of product development.
A team of subject matter experts on polyurethane chemistry, material science, fluid mechanics, reaction engineering, machine learning, and information sciences have been working together to develop a new work process that Dow refers to as Predictive Intelligence (PI).
According to the American Chemistry Council’s (ACC) new report, titled Year-End 2022 Chemical Industry Situation and Outlook, the chemical industry posted one of its best years in a decade.
Digital marketing within the chemical industry is resulting in a quickly changing landscape that is disrupting traditional models and creating new opportunities.
Chemical output was lower than a month ago in all regions, with the largest declines in the Gulf Coast, home to much of the nation’s basic industrial chemical and synthetic materials capacity. Reportedly, the declines reflect sluggish output in several end-use manufacturing industries and weak export markets.
3M says its decision is based on careful consideration, and a thorough evaluation of the evolving external landscape, including multiple factors such as accelerating regulatory trends focused on reducing or eliminating the presence of PFAS in the environment, and changing stakeholder expectations.
Covestro received the highest possible grade A in four out of 10 categories. Covestro's overall score makes it one of 24% of companies in the chemical industry peer group that received such a rating, and rates it higher than the average for this group, which is B-.
CDP uses a detailed and independent methodology to assess these companies, allocating a score of A to D, based on the comprehensiveness of disclosure, awareness, and management of environmental risks, and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Corbion is actively pursuing more aggressive emission reduction targets newly validated by the Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with the latest climate science.
The plastics manufacturer intends to make increasing use of microorganisms and enzymes to make its products and processes even more sustainable. The company is developing new recycling processes based on biotechnology.
The companies are entering into a long-term power purchase agreement with EDF Energy Services LLC (EDF). The agreement intends for American Acryl, a joint venture between the companies, to get 100% of its expected annual energy usage to be supplied by wind power.