The International Energy Agency's monthly report estimates global supply may continue to exceed demand next year, essentially capping oil prices for 2018 and slowing the move toward rebalancing. "According to the IEA's calculation, at the current level of OPEC production there will be no global stock draws next year," said Petromatrix's Olivier Jakob.
Lupin purchased Symbiomix Therapeutics and gained rights to Symbiomix's newly approved Solosec, or secnidazole, which is intended for launch by mid-2018, for the treatment of bacterial vaginosis. Symbiomix will receive $50 million upfront and another $100 million for future milestones and contingent payments.
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The sale of Solvay's polyamide unit to BASF "marks a tipping point" in Solvay's multi-year restructuring plan, CEO Jean-Pierre Clamadieu said. "Successful completion of this transaction will further reinforce Solvay as a multi-specialty chemical group, delivering superior growth and sustainable value," he said.
Machines that function like super-powered trees may provide some of the answer to changing weather patterns by pulling carbon dioxide out of the air. Three companies, from the US, Canada and Switzerland, have developed systems that are cost-efficient at CO2 removal, in one case using plastic coated with a CO2-absorbing amine to convert the gas into stone.
An offshore pipeline operated LLOG Exploration has spilled between 7,950 and 9,350 barrels of oil into the Gulf of Mexico, the company said on Sunday. The Bureau of Safety and Environmental Enforcement said the cause of the spill has not been determined and added there haven't been any reported impacts to the shoreline.
Cost-effective, high-capacity energy storage is vital to the future of sustainable energy sources, whose output can vary greatly over time. Researchers at MIT offer a promising possibility in the form of a rechargeable flow battery that uses liquids for its cathode and anode, with the cathode effectively breathing in air to create a charge balance by taking oxygen in and out of the system.
Colonies of bacteria engineered with synthetic genes have been used to arrange minuscule gold particles into a pressure sensor, according to findings published online in Nature Biotechnology. "What the work demonstrates is a fundamentally new approach to assemble structured materials," said senior study author Lingchong You.
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The Environmental Protection Agency has started the formal process of repealing the Clean Power Plan, with litigation over the move expected. Questions also remain as to the fate of an ongoing federal lawsuit against the rule and what a replacement would focus on -- assuming a replacement is even proposed.
Bioengineering & Translational Medicine Conference starts Oct. 28
AIChE's Society for Biological Engineering will hold its 2nd Bioengineering & Translational Medicine Conference from Oct. 28 to 29 at the Hilton Minneapolis in advance of AIChE's Annual Meeting. Ali Khademhosseini from Harvard and Efie Kokkoli of the University of Minnesota are chairing the event, which brings researchers together to discuss the translation of advances in biological technologies into clinical practice and commercialization. Find out more.
Sessions at Annual Meeting provide ChemE career advice
Several sessions at AIChE's Annual Meeting, Oct. 29 to Nov. 3 at the Minneapolis Convention Center and the Hilton Minneapolis, offer tips for advancing careers. On Sunday, a panel will discuss "Chemical Process and Product Careers in Academia vs. Industry." Later that day, there's a workshop on "Effective Teaching for New or Prospective Faculty." On Monday, career consultant Alaina Levine will present two sessions, "Networking for Nerds" and "Poster Presentation Success." Also on Monday, leading journal editors will offer tips on "Getting Your Research Published." On Tuesday, ideas for "Finding a Healthy Work-Life Balance Amid High Stress" will be shared. Learn more.
Facebook asks job candidates what they do on their best days as a way to learn more about them, said Miranda Kalinowski, Facebook's global head of recruiting. Intuit CEO Brad Smith says he likes to ask interviewees why they wouldn't want to work at the company, which provides a view into the applicant's decision-making process.
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