PROCESS regularly reports on the Chinese chemical and pharmaceutical market with the format ‘China Market Insider’. (Source: ©sezerozger - stock.adobe.com)
China Market Insider

BASF is Working on the ‘Green’ Verbund Site in China

BASF is working with authorities in China to use more electricity from renewable sources at its chemical plants. The company has just announced a particularly ambitious goal for the new Verbund site in Zhanjiang, in the southern province of Guangdong: The first plants at the Verbund site, which is currently under construction, are to be operated entirely with renewable energies.

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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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ExxonMobil is on track to exceed 6 billion dollars in structural cost savings by 2023, compared to 2019, driven by savings from the new business structure and measures such as centralizing procurement, digital transformation of processes, and right-sizing programs that were announced in 2020. (Deposit Photos )
Streamlining Business Structure

Exxon Mobil to Save 6-Billion-Dollars in Structural Costs by 2023

Exxon Mobil has plans to transform its business structure by combining its chemical and downstream companies and centralizing technology and engineering, and other support services. Under the new streamlined structure, the company will be organized along three business lines – Upstream Company, Product Solutions and Low Carbon Solutions which will help the firm to enhance integration, grow value and reduce costs.

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