LNG exports might affect US prices, CFTC says | Eiger expands deal with Merck, provides lonafarnib to Progeria | Pipeline companies to consolidate MLP subsidiaries amid tax changes
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May 22, 2018
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Business Update
LNG exports might affect US prices, CFTC says
US liquefied natural gas exports could cause domestic prices to increase as much as 20%, according to a Commodity Futures Trading Commission report. Estimating how much LNG exports affect domestic prices is difficult, the CFTC says, but "generally these estimates suggest that there is a potential for US domestic natural gas markets to be influenced by global supply-demand factors."
Natural Gas Intelligence (tiered subscription model) (5/17),  BloombergQuint (India) (5/18) 
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Eiger expands deal with Merck, provides lonafarnib to Progeria
Eiger BioPharmaceuticals and Merck will expand their licensing agreement to include Eiger's rights to develop the Hutchinson-Gilford Progeria syndrome treatment lonafarnib. Eiger, in a separate agreement, will provide the Progeria Research Foundation lonafarnib for its ongoing clinical trials as well as expanded access in Progeria and will take responsibility for any potential new drug application filing for Progeria indication resulting from those trials.
Seeking Alpha (5/16) 
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Pipeline companies to consolidate MLP subsidiaries amid tax changes
Pipeline companies Williams Cos., Cheniere Energy and Enbridge on Thursday unveiled plans to buy out their subsidiaries organized as master limited partnerships in the wake of a Federal Energy Regulatory Commission ruling that eliminated some tax benefits for MLPs. "Under the newly changed FERC tax policy, holding certain interstate pipelines in MLP structures is highly unfavorable to unitholders and is no longer advantageous," said Enbridge, which will pay $8.85 billion to purchase its independent units, including Spectra Energy Partners and Enbridge Energy Partners.
Reuters (5/17) 
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3D printing to bring big changes to trucking industry
Additive manufacturing, more commonly known as 3D printing, could bring major changes to trucking as additional materials become available and the potential grows to significantly cut costs for aftermarket parts. "You're not going to be shipping shoes; you'll be shipping polymers, resins and things that are bulk commodity," said FTR CEO Eric Starks.
Commercial Carrier Journal (5/18) 
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Chemical Technology News
Protons are about as dense as it gets, scientists find
Using the Continuous Electron Beam Accelerator Facility, scientists at Virginia's Thomas Jefferson National Accelerator Facility have managed to calculate the pressure inside a proton. And it's 10 to the 30th power times the air pressure at sea level, or an order of magnitude greater than the pressure in a neutron star, one of the densest known objects.
Gizmodo Australia (5/18) 
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Energy, Sustainability & Safety
Pipeline company continues construction despite court ruling
Pipeline company continues construction despite court ruling
(Pixabay)
The 4th US Circuit Court of Appeals has ruled that the US Fish and Wildlife Service did not provide enough information about the Atlantic Coast Pipeline's impact on endangered wildlife. The company behind the project, Dominion Energy, said the order does not force it to halt construction, but environmental groups who filed the motion argue work should stop.
CNBC/The Associated Press (5/15) 
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Biological Engineering & Pharmaceuticals
Chip can detect cancer tumor markers in early stages
Taiwanese researchers have developed a chip that can detect specific proteins in individuals during the early stages of cancer. The proteins, which are known as tumor markers, usually can't be seen until the middle or later stages of cancer, said Jen Chunping of Chung Cheng University, who led the study.
Xinhua News Agency (China) (5/16) 
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Materials & Nanotechnology
3D structures' effect on supercapacitor performance
A hierarchical porous network results in optimum functionality of electrode materials, reveals a recent study led by Dina Ibrahim Abouelamaiem. "[O]ur research is driven by the need for a greener future and improved energy systems," said Abouelamaiem.
NanotechWeb (U.K.) (5/16) 
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Education & Government Update
NAFTA talks could extend into 2019, Mnuchin says
US Treasury Secretary Steven Mnuchin says talks with Mexico and Canada to update the North American Free Trade Agreement might extend into 2019. He adds that negotiators are "still far apart" on aspects of the agreement.
The Associated Press (5/20) 
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Institute News
Tomorrow's AIChE webinar deals with the hot stuff
On Wednesday, May 23, from 2:00 - 3:00 PM Eastern, Georges Melhem (founder of ioMosiac) teaches you how to assess the failure potential of pressure and storage vessels exposed to external fire, and presents insights regarding the characterization of fire loading factors such as flame temperature, fire flux, and duration. PDH credits are available. Register now and watch for next week's follow-up webinar on failure assessment.
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A community for LGBTQ+ chemical engineers and their allies
Are you an LGBTQ+ (lesbian, gay, bisexual, transgender, or questioning) engineer or an ally? AIChE's Societal Impact Operating Council invites you to be part of a new online community where LGBTQ+ members and allies can discuss AIChE's initiatives in this area, as well as professional development opportunities for LGBTQ+ chemical engineering professionals and their allies. Sign up or learn more here.
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Career Focus
Do you deserve a raise? Here's how to tell
If you excelled at your last performance review, achieved your goals and have contributed something significant to the company, you may have a case for a raise, writes Lucas Miller. As an employee's knowledge and skills grow over time, they become worthy of more money, says Due CEO John Rampton.
Entrepreneur online (5/15) 
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