Tug-of-war: What does Brexit mean for EU and UK chemical industry? (Source: © Pixelbliss – stock.adobe.com, Getty05 – stock.adobe.com, dolva – stock.adobe.com [M: froehm])
Brexit

Tug-of-War around Brexit

Brexit is sealed ... What’s next for the EU-UK chemical industry? — Europe is the second largest chemicals producer in the world. With the UK now leaving the EU zone, what will this mean for chemical trade between the two sides? PROCESS Worldwide offers an insight into this dynamic market scenario.

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The economic and political situation has changed dramatically for the energy- and raw material-intensive chemical industry as a result of the Ukraine war.  (© tomas/stock.adobe.com)
Market Impact

German Chemical Industry Association Outlines the Effects of the Ukraine War

The German Chemical Industry Association (VCI) has stated that the industry's expectations from the beginning of the year for the business outlook in 2022 have been overturned due to Russia’s invasion of Ukraine. It further mentions that 70 % of companies are facing major problems in their business with the explosion of energy prices and also warned that an import ban on Russian natural gas would lead to massive consequences for the chemical and pharmaceutical industry.

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Galleries

Distillation columns at the JSR chemical plant. (JSR Corporation)
Next-Gen Control Technology

AI Autonomously Runs Chemical Plant for 35 Days

In a field test, a chemical plant in Japan ran autonomously for 35 days with the assistance of an artificial intelligence (AI) solution developed by Yokogawa and the Nara Institute of Science and Technology. The next-generation control technology is capable of taking into account numerous factors such as quality, yield, energy saving, and sudden disturbances.

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