When TransCanada first proposed the Keystone XL pipeline in 2008, the company hoped it would be done by 2012 and begin carrying heavy crude from the Alberta oil sands in Western Canada down to the U.S. Gulf Coast. Six years later the pipeline remains in limbo, stymied by Department of State reviews, route adjustments, lawsuits, environmental and economic studies, and (most important) an Obama administration that appears truly divided on the issue. Last month the State Department announced that no decision would come until after November's midterm elections.
A week after a train loaded with crude oil from North Dakota exploded in downtown Lynchburg, Va., dumping 30,000 gallons of oil into the James River, the Department of Transportation announced two moves to try to keep this from happening so frequently. It's doubtful that either will make much of a difference in preventing what's become a major safety hazard in the U.S.
Insufficient communication and too much emphasis on controlling factory capital expenditures means that manufacturers pay massive energy-inefficiency costs over the lifetime of their plants, according to research firm IHS.
Swedish home goods giant Ikea Group is investing in its first wind farm in the U.S., joining a parade of other companies that are venturing into the renewable energy sector. The company purchased Hoopeston Wind, an energy project under construction in Illinois.
A robust demand for silicones in China, combined with an improving economy there, is driving market growth for these versatile polymers, which are increasingly vital to the construction, automotive, cosmetics and medical/pharmaceutical industries, says a new global market research report released by IHS.
The goal of industrial asset management, or IAM, is to maximize the value of a company's assets. An effective IAM solution can make the business more efficient, reduce downtime and improve service delivery. And yet, for many companies, the current IAM operating model just isn't cutting it. For original equipment manufacturers or OEMs in particular, the IAM function leaves a great deal of unrealized potential on the table – in some instances, up to 20 percent service cost reduction, 15 percent revenue enhancement, and 15 percent asset up-time improvement.
The latest supply-chain news, analysis, trends and tools for executives in the chemicals and energy industries. Learn how chemical and energy companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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