Huntsman and Clariant have agreed to an all-stock deal that will create a combined company called HuntsmanClariant. Clariant shareholders would receive 52% of the entity, with Huntsman CEO Peter Huntsman as chief executive and Clariant chief Hariolf Kottmann as chairman.
Deals announced over the weekend included the latest development in the partnership between Saudi Basic Industries Corp. and ExxonMobil, as well as deals by Saudi Aramco with 11 US companies. The Exxon-SABIC partnership includes $20 billion worth of chemical expansion along the US Gulf Coast.
US crude export volumes are on track to hit a new all-time high above the February record of 1.2 million barrels per day in the next few months, driven by robust demand from Asia, which is set to receive about 10 million barrels of US oil soon. "We expect that momentum to continue when [the Dakota Access Pipeline] opens and as more Permian production hits Corpus Christi docks," Morningstar Director of Oil and Products Research Sandy Fielden said.
Corbin Therapeutics will use Proteorex Therapeutics' in vitro and in vivo drug-discovery platform to research and develop potential treatments for neuroinflammatory diseases. Financial details of the agreement, which aims to identify small-molecule inhibitors of ubiquitin-specific protease 15, were not disclosed.
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Researchers at the University of Newcastle in Australia developed a new, less expensive solution for harvesting solar energy using two-dimensional printed panels. The panels, made of polyethylene terephthalate, are recyclable and cost as little as $7.50 per square meter compared to Tesla's solar roofs at $235 per square meter.
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Harvard University researchers have developed biotech microbes that capture nitrogen from air and produce fertilizer that could make plants 1.5 times larger than plants not fed with the fertilizer. The scientists modified Xanthobacter autotrophicus bacteria to produce hydrogenase, which can capture hydrogen and store it as ATP cellular energy molecules that in turn produce polyhydroxybutyrate.
Researchers at Australia's RMIT and the Beijing Institute of Technology have reduced the minimum thickness of a holographic display from several millimeters to 25 nanometers. The trick involves using a topological thin film whose surface behaves like a metal and interior serves as an insulator, as well as a minutely controlled laser that modifies the material's properties to create a hologram.
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The US Court of Appeals for the District of Columbia Circuit has paused litigation over the Obama administration's methane rule for oil and gas sites. The Environmental Protection Agency is reviewing the rule and the Trump administration had asked the court to suspend the case during the review.
Comments from the American Petroleum Institute and other oil and natural gas associations, largely aimed at the Environmental Protection Agency, reveal that the industry wants a simplified and faster permitting process and more practical and understandable environmental regulations. The groups also called for the elimination of redundant rules, such as the New Source Performance Standards and the National Emissions Standards for Hazardous Air Pollutants.
Discounted rates for carbon management conference set to expire
Early-bird rates for the 2017 Founder Societies' Carbon Management Technology Conference expire this Friday, May 26. Thereafter, registration rates for the event, to be held July 17 to 20 at the Hilton Americas in Houston, rise. The program will present lessons learned on deploying carbon capture, utilization and storage (CCUS) technologies that maintain fuel diversity for growth, while addressing climate change. Find out more.
Tomorrow, Wednesday, May 24, at 2:00 p.m. EDT, Rakesh Agrawal will lead a webinar entitled, "Finding Energy-Efficient Distillation Configurations and Dividing Wall Columns." Agrawal, a recipient of the National Medal of Technology, who is currently Winthrop E. Stone Distinguished Professor in the School of Chemical Engineering at Purdue, following a distinguished career at Air Products & Chemicals, will focus on the importance of distillation to designing and building energy-efficient processes within capital constraints. Learn more.
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Woody Allen, director, screenwriter and actor
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