Mark notes that mundane assets can pose significant risks. Many plants now boast markedly better performance and reliability than they were able to achieve in the past. A major reason for such gains has been increasing reliance on sophisticated equipment and software that have become available thanks to the continuing evolution of technology.
Chemical Processing's Editor-in-Chief discusses a study that points to considerable cash flow benefits from better performance.
Effectiveness in using resources differs markedly among some major chemical companies and that difference has a significant financial dimension, according to a recent report "Sustainable Value Creation by Chemical Companies."
Mark tells us to expect a lasting legacy after oil finally stops flowing into the Gulf of Mexico from the well drilled by the Deepwater Horizon. Cleanup and restoration will take a long time, probably decades. Long-term changes in spill-response planning and regulation undoubtedly also will occur.
Chemical Processing's Editor-in-Chief points out that chemical companies continue to face financial pressures. With funds tight for capital expenditures, there's less motivation to send engineers to the show, especially when firms also are curtailing non-essential travel to save money.
World travel isn't as appealing to Mark as it used to be. Having been posted abroad for a number of years and traveled extensively over his career has jaded him a bit. Nevertheless, he does frequently get out of the office. In this video he talks about a state-of-the-art valve testing facility that occupies the site of historic factory.
Chemical Processing's Editor-in-Chief has visited more than a few facilities in his time and, frequently, first impressions can be telling. For instance, it's often apparent from a cursory view how well a site is maintained and the quality of housekeeping.
Chemical Processing's Editor-in-Chief reports Asian countries are gaining momentum according to the National Science Board's report to the President and Congress on the state of science, engineering and technology in the U.S.
Chemical Processing's Editor-in-Chief notes that President Barack Obama announced his first nominees for the U.S. Chemical Safety and Hazard Investigation Board (CSB): Rafael Moure-Eraso, Ph.D., to be chair and Mark A. Griffon to be a member. If confirmed, these appointments would bring the board back to a full complement of five members.