We've collated the latest news from the chemicals industry and added our opinion on what this means for the industry when it comes to people, technology and the future of our market.
Amonia as a clean fuel - Yara and Trafigura investigate
As the world continues to look for feasible and economic clean energy solutions it is interesting to see the recent announcement of a cooperation with leading agrochemical business Yara International and commodities trading house Trafigura. It highlights the potential for traditional chemicals businesses to be at the forefront of the energy transition. We look forward to seeing how this unfolds for career opportunities and what skills this will require from candidates in the market.
How the industry looks at reducing carbon emissions
The chemicals industry is increasingly looking at how to help the world reduce carbon emissions. As part of this, a key will be finding new ways of using carbon captured from the environment. Two recent announcements have caught our eye and show the potential for re-using carbon, the production of cleaning products and the use of carbon for a textile dye. This is a growing area and one which should be on the radar of anyone in the industry.
A joint venture: food and chemicals
Working with our clients, we have seen a real increase in companies looking towards bio-processes, including fermentation, to produce chemicals. This is an excellent joint venture between food and chemicals to produce a useful chemical intermediate.
Research and innovation investment
Everyone within the industry is hoping that this isn’t a continuing trend of lacking investment into the R+D spheres, but with Covid, BREXIT and cuts to official development aid (ODA), it does paint a slightly worrying picture, within an industry that adds so much to the global economy, especially in the run up to COP26.
Bio lubricants market predicted to reach USD $4,514 million by 2027
It’s great to see so many companies across the lubricants sector exploring new markets and increasing their use of bio-lubricants. Of course the environmental benefits are driving the change as is the stricter legislation around use of mineral-based oils. Now is most definetley the time to attract new talent to your business, particularly in the area of R&D.
Electric vehicles driving diversity
It’s not new news that we are steadily seeing increased use of electric vehicles, with a third of the global lubricants demand being in light vehicles. Speaking to clients across the sector it’s great to hear so many manufacturers are busy exploring new markets and diversifying their product range. Certainly the development of grease technology is a key factor for the automotive sector. We would love to know your thoughts on the opportunity this presents for both employers and candidates.
Diversification hits sports
Great to see the recent innovation of e-fluids in action at Formula E in Monaco. It is yet more evidence that lubricants companies need to be looking at new products for the EV’s market place.
Exol reinvestment in lubricants
Exciting news to see serious investment in the future of the UK lubricants market. Many commentators have been bearish on the future of the sector but Exol are demonstrating that this may be unfounded. We look forward to seeing more investment in the market and for the future of careers and opportunities here.
BASF price increases
Adding to the recent shortages and price rises for base oils, the recent price rise for additives from BASF shows a worrying market trend for price inflation in lubricants components. We have been hearing from our industry sources that this trend shows no signs of abating. It would be interesting to hear your views on what this means for the market.
New battery technology for Johnson Matthey
It is amazing to see such a step change within such a large business, but JM understand that whilst the majority of their revenue may come from the catalytic technology, that to stabilise the businesses future, they have to expand within new technology. They're leading the way within battery technology developments.