The cause of the quake was traced to an injection well that was used to dispose of water used in hydraulic fracturing, a technology”monly called “fracking” which has enabled increased extraction of natural gas.Stewart described the Youngstown incident as “one operator in one well, but people have tried to paint the industry negatively because of it.”
Environmental impacts also have to be considered in developing shale gas in Ohio and elsewhere. Concerns about groundwater contamination already have been raised in several”munities in the Utica region.
“Drilling and protecting the environment are not mutually exclusive concepts,” Hill said. “I believe in American exceptionalism. Give us any problem and we can solve it.”
Jack Shaner, president of the Columbus-based Ohio Environmental Council, added that he believes Ohio can have shale development that’s mindful of the environment. “There are undeniable benefits from shale,” he said, “but there also are undeniable and serious risks to air and water. We need to choose what we regulate and listen to the concerns of the public.”Natural gas developed from the Utica Shale, however, likely will use new pipelines, rather than older existing ones that would be more likely to leak, according to Robert Chase, a professor of petroleum engineering and geology at Marietta College. But Chase added that Ohio’s shale development “has to be both good for the environment and economically acceptable to”panies.”
Hill also”mented on the 2011 Youngstown quake, calling it “an unfortunate event,” but adding that new regulations have been put in place to prevent a similar occurrence.”Now, to site a class 2 injection well in an area with seismic activity in the past, you have to prove you don’t have the same geological setting,” he said. “Youngstown was a perfect storm of events. It happened and we fixed it.”Overall, speakers at the event gave the impression that the potential of Ohio’s shale gas and oil output is worth taking on these challenges.
“Production is expected to dramatically ramp up in 2014 versus 2013,” said Stewart, “and production will jump faster than others because of the experience from other shale plays.”Our best interest is in the orderly development of this resource. I’m very happy to see it”ing to the state of Ohio.”
Lucintel estimates that overall, demand for UPR is going to rebound during the next five years in most of the regions and markets. Good growth potential exists in transportation and marine markets for all four regions North America, Europe, APAC, and ROW.Lucintel’s research report contains polyester resin industry background and characteristics, global polyester resin market analysis, trends in global UPR market 2007-2012, forecasts for global UPR market 2013-2018, growth opportunities, and more. This insightful report can help you make confident business decisions in this globally”petitive marketplace.
This report provides an overview of the global Unsaturated Polyester Resin industry. For a detailed table of contents and pricing information on this timely. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.Epoxy resin is made from epichlorohydrin and bisphenol A Lucintel provides Market Research Reports, Strategic Growth Consulting and Due Diligence services to clients around the world. Special event seating industry leader, Vision Furniture International, announces the launch of a new product: their new and improved White Resin Folding Chair. This chair is manufactured entirely in the USA and is the most reliable Resin Folding Chair on the market. Vision Furniture has done extensive furniture testing on not only their products but also those of their”petition and Vision’s Resin Folding Chair exceeds all of the BIFMA 5.1 standards.
“Product testing ensures reliability and has b”e a hallmark of Vision Furniture as our clients demand safe and reliable seating at a fair price,” said Vision Furniture owner, Anthony Tokarchyk. “When studying the Resin Folding Chair market the findings are startling as the marketplace is full of cheap folding chairs that do not”e close to meeting BIFMA 5.1 testing standards,” says Tokarchyk, “most striking is that the test requires 300lbs to be dropped from 6″ and almost all of the samples other than the Vision Furniture chair broke at 200lbs – 225lbs on the first drop, and the test requires 2 drops.”
By capacity, the first three positions were occupied by Nan Ya Epoxy Resin Kunshan, Jiangsu Sanmu Group and Baling Petrochemical with 316,000 tons, 200,000 tons and 125,000 tons respectively.Epoxy resin is made from epichlorohydrin and bisphenol A. In 2012, Chinese epichlorohydrin market was basically dominated by local manufacturers with the self sufficiency rate of 93.9%; the top three enterprises by capacity were Shandong Haili Chemical Industry, Yihai Kerry and Shandong Xinyue Chemical. However, Bisphenol A relies on imports, and the self-sufficiency rate was only 39.0%; Bayer Polymers Shanghai, Sinopec Mitsubishi Chemical Polycarbonate Beijing and Shanghai Sinopec Mitsui Chemicals ranked the top three in terms of bisphenol A capacity.
The Global and Chinese Petroleum Resin Industry Report 2014 is a professional and in-depth study on the current state of the global petroleum resin industry with a focus on the Chinese situation.The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. Petroleum resin market analysis is provided including development trends, tendencies and regional overview.Development policies and plans are also discussed and manufacturing processes and cost structures analyzed. Petroleum resin industry import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
A key feature of the report is its focus on 17 industry players providing information such as”pany profiles, product picture and specification, capacity production, price, cost, production value and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. Petroleum resin industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered. Research and Markets is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top”panies, new products.
“We continue to invest in expanding capacity at our strategic hub in Singapore, which is an ideal location to efficiently serve the fast growing Asia Pacific market.”With 75 years of experience in butyl rubber production and sales, ExxonMobil’s halobutyl products provide outstanding air retention for tires. According to ExxonMobil’s Energy Outlook, the global number of cars and light trucks is expected to double by 2040 to 1.7 billion vehicles, which supports much of the growth expected for halobutyl rubber.Since the 1970s, ExxonMobil has been an industry leader in process technologies and capacity expansions of specialty tackifiers and polymers for the adhesives industry. Hydrogenated tackifier demand is expected to double over the next 15 years. Much of the growth is anticipated in Asia, where packaging, woodworking and nonwovens manufacturers increasingly use hot melt adhesives.
Statements relating to future plans, projections, events or conditions are forward-looking statements. Actual results, including project plans, costs, timing, capacities, and economic impacts, could differ materially due to factors including: changes in oil or gas prices or other market or economic conditions affecting the oil, gas and petrochemical industries, including the scope and duration of economic recessions; changes in law or government regulation, including tax and environmental requirements; the ou”e of”mercial negotiations; changes in technical or operating conditions;The”ponent integrates a variety of functions such as a cupholder mount and other factors discussed under the heading “Factors Affecting Future Results” in the “Investors” section of our website and in Item 1A of ExxonMobil’s 2012 Form 10-K.
We assume no duty to update these statements as of any future date. The term “project” as used in this release does not necessarily have the same meaning as under SEC Rule 13q-1 relating to government payment reporting.ExxonMobil Chemical is one of the world’s premier petrochemical”panies with manufacturing, technology, and marketing operations around the world. The”pany delivers a broad portfolio of products and solutions efficiently and responsibly, with a”mitment to create outstanding customer and shareholder value.
ExxonMobil Chemical endorses the principles of sustainable development, including the need to balance economic growth, social development and environmental considerations. BASF Ludwigshafen, Germany will feature a number of material and manufacturing solutions for applications in the automotive, wind and marine markets.The first part featured is the BMW i3 seat pan, manufactured from carbon fibers and a polyurethane matrix. The self-supporting rear seat pan for the BMW i3 was produced using the Elastolit PU system from BASF by the automotive supplier F.S. Fehrer Automotive. Here, carbon fiber materials were used in”bination with a PU matrix for the first time in a production vehicle.
The”ponent integrates a variety of functions such as a cupholder mount and storage shelf, eliminating assembly operations and saving weight. Elastolit from BASF is characterized by its wide process window as well as high fatigue strength and damage tolerance. Thanks to the special properties of the material, the crash-relevant part fulfills the strict safety requirements of BMW despite its wall thickness of 1.4 mm/0.05 inch.Machinery manufacturer Mahr Metering Systems and BASF have been jointly developing material and system solutions for the T-RTM process thermoplastic resin transfer molding. At JEC, Mahr will exhibit an initial prototype of a self-cleaning mixing head that is part of a machine concept for processing reactive polyamide by means of inexpensive low-pressure RTM technology.
At the same time, BASF has been optimizing its first reactive polyamide systems for these economically relevant, fast production cycles. These are two”ponent systems based on caprolactam, an appropriate additive system and fibers with”patible sizings. These systems feature low viscosity and long flow paths”pared to other reactive resins, making them especially suitable for low-pressure RTM technology. Through this joint effort, the two”panies hope to facilitate the introduction of anionic polymerizing polyamide 6 to the market – for volume production of structural thermoplastic”posite”ponents.
After an extended period of heightened activity, spot plastics trading chilled a bit this past week, according to the spot-trading platform The Plastics Exchange. Most polyethylene resins held on to their recent gains, although a couple film grades advanced further. At least half, and perhaps all of the $.04/lb price increase nominated for February polyethylene contracts will likely take hold. While spot PE prices certainly move around, contracts have been flat ever since securing a $.05/lb increase back in September. Spot polypropylene prices rebounded a penny this past week; it was the first gain in over a month. Feb contracts are settling down $.01/lb, and while there were nominations for a slight increase, most participants recognized that a modest decrease was probable, but the penny relief was a tad shy of some expectations, according to The Plastics Exchange CEO Michael Greenberg.
Energy markets moved higher as march crude oil futures traded in a very narrow range and ended the week at $100.30/bbl, it was a small $.42/bbl gain. The oil market has returned to the end of 2013 levels. Natural Gas prices continued their extremely volatile ways and had another huge $.85/mmBtu range. The March futures contract began the week under pressure, but then soared as another round of frigid temps and snowstorms gripped the Eastern half of the country. By Friday’s close, the market had reached $5.214/mmBtu, a net gain of $.439/mmBtu. The crude oil: natural gas ratio contracted to 19.2:1. Spot ethane was relatively steady and ended the week a tick above $.40/gal ($.169/lb).
The ethylene market was fairly active, there were a number of outright transactions, but also a lot of multiple month strips and spread trading between months. A few crackers experienced seemingly minor production issues during the week. Ethylene forFebruary delivery traded down fractionally, as low as $.52/lb through Wednesday, but then proceeded to drop even further to $.50/lb, for a nearly $.03/lb weekly loss. The ethylene forward curve flattened considerably; while it still holds a contango shape through May, the peak premium shrunk to about a half-cent. The deferred months are still priced with discounts, but the backwardation is now much milder – prices throughout 2014 are currently all somewhat similar.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. This analysis offers a’prehensive view of the way leading polyester resin producers are establishing and executing their global market strategies. It provides consumers of polyester resin, and the investment’munity, a content-rich’parative analysis detailing the production capacity and vision to deliver fully on their promises.This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and Opportunities for Unsaturated Polyester Resin in Indian Composites Industry operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
The dynamics of the unsaturated polyester resin industry extend beyond routine macro-economic elements of supply and demand. It is the relationship between buyer’s needs and seller’s capabilities, as well as the macroeconomic forces at work, which affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success.While this report will address several issues impacting the polyester resin segment of the’posites marketplace, the primary purpose of this document is to profile and’pare the world’s leading polyester resin producers. It is designed to analyze the strengths and capabilities of each firm and to determine the ability of each’pany to achieve long-term success in a highly’petitive marketplace.
The unsaturated polyester resin market in India is poised to grow substantially in the next five years. The market is mainly driven by domestic consumption basically by government, NGOs, and civic bodies. The Indian unsaturated polyester resin market witnessed strong growth in the last couple of years due to robust GDP growth, increased manufacturing activity, and core sector growth. Application markets such as transportation is growing rapidly, helping the growth of Indian unsaturated polyester resin market. According to market forecasts, Indian unsaturated polyester resin market is expected to reach 445 million pounds by 2018.