Investors step up funding for US shale drillers | Dakota Access Pipeline to begin interstate deliveries next month | Abbott Laboratories, Alere end legal fight with $5.3B merger deal
April 18, 2017
AICHE SmartBrief
Business and technology news exclusively for chemical engineers
Business Update
Investors step up funding for US shale drillers
Energy companies raised $19.8 billion in private equity funds in the first quarter of 2017, a nearly threefold increase from the same period of 2016, according to data provider Preqin. A large portion of that amount benefited shale producers, who are enjoying ever-declining costs, giving investors confidence that shale projects can offer returns with oil prices in the $40 to $55 per barrel range.
Reuters (4/17) 
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Dakota Access Pipeline to begin interstate deliveries next month
The 1,172-mile Dakota Access Pipeline is expected to launch interstate oil deliveries on May 14, according to Energy Transfer Partners' tariff filing with the Federal Energy Regulatory Commission. The controversial pipeline, which runs from western North Dakota to Patoka, Ill., cost $3.8 billion to build.
Reuters (4/13) 
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Abbott Laboratories, Alere end legal fight with $5.3B merger deal
Abbott Laboratories has ended months of legal fighting with Alere after agreeing to acquire Alere for about $5.3 billion -- $500 million lower than the original price announced last year. The new $51-per-share agreement, which is expected to be completed by the end of the third quarter, will help expand Abbott's point-of-care testing assets.
Bloomberg (4/14),  Reuters (4/14) 
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Other News
Chemical Technology News
Team smoothes graphene for better conductivity
MIT researchers report developing a method to produce graphene with fewer wrinkles in the 2D carbon material, improving its electrical conductivity. Their techniques will enable production of single-domain graphene in volume on wafers, they say.
New Electronics (4/10) 
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Energy, Sustainability & Safety
Startup uses microwave tech to turn plastic waste into oil
The startup Resynergi is using continuous microwave-assisted pyrolysis to turn plastic waste into oil. The company said the system has the potential to turn a ton of low and high-density polyethylene, polypropylene and polystyrene plastics into 250 gallons of diesel fuel.
North Bay Business Journal (Santa Rosa, Calif.) (4/12) 
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Other News
Biological Engineering & Pharmaceuticals
Paper-based chip developed to diagnose diabetes, study finds
A personalized medical diagnostic device that prints a paper-based chip has been developed to help detect diseases such as diabetes, brain diseases and kidney problems via a smartphone, according to a study in Advanced Materials Technologies. The chip, created by researchers from the National Research Foundation of Korea, together with research teams in Denmark and Thailand, detects at once the changes in the blood that cause diseases.
BusinessKorea magazine online (4/13) 
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Materials & Nanotechnology
Layered polymer capsules offer controlled delivery of cancer meds
A study in the journal ACS Nano found that multilayered polymer capsules offer more control over the delivery of cancer drugs, affecting both where and when they were released. "These capsules can protect encapsulated therapeutics from degradation or clearance prior to reaching the target and have ultrasound contrast as a means of visualizing the drug release," said researcher Eugenia Kharlampieva of the University of Alabama at Birmingham.
Specialty Pharmacy Times (4/12) 
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Education & Government Update
EPA head: US should withdraw from Paris climate deal
ew EPA chief wants no over-reach
Pruitt (Aaron P. Bernstein/Getty Images)
The 2015 Paris Climate agreement is a "bad deal for America," and the US should withdraw from the accord, said Environmental Protection Agency Administrator Scott Pruitt. President Donald Trump's administration has not said whether it will continue to honor the agreement.
The Washington Post (tiered subscription model) (4/14) 
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Oil, gas industry divided over Trump administration's deregulation policy
President Donald Trump's fossil fuels deregulation agenda has divided the oil and natural gas industry, with one camp embracing fewer regulations while the other fights for clean energy. The latter group, which includes Royal Dutch Shell, Apache and Anadarko Petroleum among others, met March 28 to discuss and take steps to implement a strategy for achieving a low-carbon future because they believe it is the direction the world is headed.
Houston Chronicle (tiered subscription model) (4/14) 
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Institute News
AIChE hosts virtual career fair on May 4
On Thursday, May 4, from 12 to 4 p.m. EDT (with a special student hour from 3 to 4 p.m.), AIChE will host its semi-annual virtual career fair. Whether you're an engineer interested in exploring new opportunities or an employer looking for qualified candidates, the AIChE Career Fair is the only event connecting chemical engineers and opportunities in a variety of industries in an easy-to-use online format. Find out more.
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New book: Pressure relief and effluent handling
AIChE's Center for Chemical Process Safety has just published the second edition of its Guidelines for Pressure Relief and Effluent Handling Systems. The book provides in-depth guidance on designing and rating emergency relief systems and incorporates the latest information from AIChE's Design Institute for Emergency Relief Systems and the American Petroleum Institute's standards. Read more.
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Career Focus
What to ask hiring managers during interviews
During interviews, make sure to ask how the role opened up after you've explained why you left your previous job, writes Harvey Deutschendorf. That question, along with, "What's the biggest challenge your company is facing right now?" will help you generate useful information about the company before you make a decision.
Fast Company online (4/14) 
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