The manufacturing sector, already a leading component of the U.S. economy, would benefit significantly if the crude oil ban were lifted, according to a new study.
Scott Olson, vice president of manufacturing and supply chain services with 3M, describes the company's approach to "disruptive technology," as well as the structure of its Center of Excellence.
Wide-scale deployment of emerging technology that converts used, non-recycled plastics into oil could generate up to $9bn in annual U.S. economic output and create upwards of 40,000 domestic jobs, according to a report released by the American Chemistry Council.
Eastman Chemical wanted to shift its focus from commodity to specialty chemicals. But the change would necessitate a major transformation of the company's supply chain, and a whole new relationship with suppliers. Mike Berry, vice president of global procurement and chief procurement officer, tells how it was accomplished.
The U.S. petrochemical resurgence is being closely watched in Europe where companies are wondering whether the deluge of North American shale gas will sap away their competitive advantage.
Quality Carriers Inc., a North American-based bulk chemical carrier, has expanded into the Charleston, S.C. market through a partnership with sister company Boasso America Corp.