IEA: Oil market re-balance might have to wait | Lupin acquires Symbiomix Therapeutics | 20% of US Gulf oil production remains shut after Hurricane Nate
October 17, 2017
AICHE SmartBrief
Business and technology news exclusively for chemical engineers
Business Update
IEA: Oil market re-balance might have to wait
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.
Reuters (10/12),  Houston Chronicle (tiered subscription model)/Bloomberg (10/12),  United Press International (10/12),  The Wall Street Journal (tiered subscription model) (10/12) 
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Lupin acquires Symbiomix Therapeutics
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.
BioCentury (10/12) 
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Other News
Steam Injection for Chemical Processing
Pick's precise and accurate temperature control is the ideal solution for demanding process heating requirements of the Chemical Industry. Consider Pick Direct Steam Injection for all applications from hot water sets for Jacketed Heating to fully automated systems for CIP or Tank Cleaning.
Chemical Technology News
CEO: Polyamides sale a "tipping point" in Solvay's restructuring
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.
3D Printing Industry (UK) (10/9) 
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Researchers offer hope for curbing CO2 concentrations
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.
Quartz (10/12) 
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Energy, Sustainability & Safety
Cleanup underway in Gulf of Mexico after pipeline rupture
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.
The Wall Street Journal (tiered subscription model) (10/15) 
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Breathing battery may be solution to sustainable energy storage
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.
New Atlas (10/12) 
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Biological Engineering & Pharmaceuticals
Pressure sensor created with gold particles assembled by bacteria colonies
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.
LiveScience (10/9) 
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Earn Your Master’s in Chemical Engineering
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Materials & Nanotechnology
BASF introduces semi-transparent nylon
BASF has developed a new semi-crystalline nylon named Ultramid Vision. BASF said the semi-transparent material is a potential alternative to polycarbonate in some applications.
Plastics News (free registration) (10/10) 
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Education & Government Update
What's next for the Clean Power Plan?
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.
E&E News (free content) (10/10) 
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Institute News
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.
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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.
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Career Focus
Interesting interview questions from Facebook, other tech firms
Interesting interview questions from Facebook, other tech firms
(Philippe Desmazes/AFP/Getty Images)
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.
Business Insider (10/15) 
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