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 […]
2024 Energy Transition and Climate Tech Outlook: Measured, Steady Growth
While the broader sentiment around energy transition turned more pessimistic in 2023, investments in clean energy and related technologies still increased by more than 20%. This included renewables, biofuels, and a wide range of low-carbon solutions. Despite this growth, we anticipate a more measured pace of progress in 2024, as reflected in the following themes: Publicly Traded Cleantech Companies: Public cleantech companies took […]
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 […]
2024 LNG Outlook: Growing stability yet uncertainty in the global LNG market
The ripples in the global LNG markets induced by geopolitical conflict seemed to have died down and greater import and export capacity coupled with continued growth in the share of renewable energy will result in a relatively stable yet uncertain LNG market in 2024. Key trends to look out for include the following: Global LNG […]
ADI Analytics moderates panel at Asia Society Texas
September 7, 2023 — Uday Turaga, Founder and CEO of ADI Analytics, moderated a compelling panel discussion presented by the Asia Society Texas, in collaboration with ExxonMobil. With over 130 in attendance for the evening reception and discussion, the panel was part of the Energy Transition Series: Low Carbon Solutions. The speakers included Matt Crocker, […]
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 […]
Optimizing crude oil pipeline capacity with drag reducing agents
The U.S. built a little over 3,000 miles of crude oil pipeline capacity during 2018 to 2020 to reach 84,816 miles in 2021, transporting 1.2 billion barrels of crude oil that year. No significant oil pipeline capacity additions have been made since and U.S. oil production averaged 11.9 million barrels per day in 2022 that […]
Fueling consolidation in the fuel logistics market
The global shift towards low-carbon energy to address greenhouse gas emissions and climate change has prompted major energy companies to transform their operations. This is driving growth in demand for cleaner fuels and their delivery logistics. As a result, we are seeing significant interest in M&A activity in the fuel distribution and logistics segment. Superior, […]