Methanol is a versatile chemical traditionally used to produce a wide range of other commodity chemicals like formaldehyde, acetic acid, and MTBE. Formaldehyde, acetic acid, and MTBE are the three primary chemicals that make up around 85% of methanol’s use in chemical applications. Formaldehyde is used to make urea-formaldehyde and phenol-formaldehyde resins, which are widely […]
How large can the AI market grow?
Recent developments in artificial intelligence (AI), machine learning (ML), cloud computing, and other technologies are leading to rapid implementation in various industries around the world. These developments have only been possible due to recent increases in computing power and availability of vast datasets needed to train AI programs. This along with improved algorithms for training […]
Key drivers for SCR systems for NOx removal
Traditional power plants produce a mix of toxic gases as they burn fuels such as coal and natural gas for power. These emissions include greenhouse gases like carbon dioxide (CO2), methane (CH4), and acid rain-forming oxides of sulfur (SOx) and nitrogen (NOx). NOx can cause severe respiratory problems, stimulate algae growth in waterways decreasing water […]
2024 Chemicals Outlook: Flat expectations
The global chemical industry struggled in 2023. The year was marked by rising inflation rates and low demand from major markets. With China still in recovery, the growth the industry was hoping for never came to fruition. In 2024 we expect things to stay the course and see no drastic changes up or down in […]
Cementing a greener future
Cement, a fundamental building block of modern construction, has long been integral to the development of infrastructure worldwide. Today, concrete made from cement is the most consumed material after water. However, its vital role comes at a significant environmental cost. The production of traditional cement, also known as Ordinary Portland Cement (OPC) is highly energy […]
Companies are looking to monetize GHG emissions
In line with the Paris Agreement’s targets of reducing greenhouse gas (GHG) emissions by 45% by 2030 and reaching net zero emissions by 2050, companies across the world are looking for ways to reduce their emissions. There are some seeing this trend as an emerging market and are working to monetize other companies’ carbon emissions. […]
The future of SAF in Brazil
The aviation industry’s increasing adoption of Sustainable Aviation Fuel (SAF) seems promising. However, this transition also highlights challenges related to the availability of feedstock and presents obstacles to meeting production targets. The ongoing expansion of the SAF market, along with various policy initiatives, has garnered the interest of other nations, including Brazil. Given its substantial […]
The rising tide of capital investments in U.S. utilities
The U.S. energy landscape is undergoing a significant transformation leading to an impressive increase in capital expenditure (capex) in the utility sector. This upsurge in investment is fundamentally changing how energy is generated, transmitted, and consumed throughout the country. Several tailwinds are propelling the growth of capital investments in the utility sector in the U.S.: […]
Top chemical companies transitioning toward sustainability
One of the largest problems affecting the chemical industry in recent years has been the pressure to transition toward clean energy and reduce carbon emissions. More than 20 of the firms in the Chemical & Engineering News (C&EN) Global Top 50 have made investments recently in sustainability or currently have sustainability projects in development. At […]
Renewable energy credits: Making green energy possible
As renewable energy capacity addition accelerates, the renewable energy credit (RECs) can play an important role. But what exactly is an REC and how does it work? RECs are tradable, non-tangible commodities or digital certificates that demonstrate that one megawatt-hour (MWh) of electricity was generated from a renewable energy resource and then delivered to the […]
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