Category Archives: Monthly Reviews

Surfactants Monthly – February 2017

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Surfactants Monthly Review – February, 2017 The Russians are Coming! Before the bulk of our surfactants news, a quick personal update. As many of you know, I have been spending an increasing portion of my time as CEO of a venture-backed technology start-up, P2 Science. In February, we closed on our B round of equity financing, bringing in $9.55 Million of new investment into the company. This was accomplished primarily by bringing in two large new investors, BASF Ventures and Xeraya Capital. BASF, I think everyone knows. Ventures is their venture capital company. Xeraya is based in Malaysia and is very active in the life sciences and health sectors. P2 is their first chemical investment. With this new capital, the company starts to build our first commercial manufacturing plant for F&F ingredients. The proprietary chemical manufacturing technology ( no bugs, algae, yeast, enzymes etc..) has been developed and patented over the last five years at our labs in New Haven and Woodbridge, CT. To learn more you can read the PR on our website and on BASF’s. OK back to surfactants, with the news courtesy largely of ICIS. Subscribe to their dashboard to get the rest of the stories that are…

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Surfactants Monthly – January 2017

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Surfactants Monthly – January 2017  January is always ACI month in the surfactants calendar. This year’s ACI was distinguished by the return of Burns and Muir (this time with Blackmon and Campbell) to the winner’s (2nd place) podium at the P&G golf outing. The rich prize money was, on this occasion, dwarfed by the prestigious Tide trophy which will receive pride of place on our mantelpiece (once the detergent inside has been used). If you’re looking for a summary of ACI proceedings here or some Page Six style ACI gossip, stop reading now (and by the way, get a life, if it was the gossip you were after). We don’t do that here because, as regular readers know, “you gotta be there” is our attitude to industry events. If you did miss the ACI, I suppose your only recourse (in addition possibly to going to Confession) is to make sure you absolutely do not miss our 7th ICIS Surfactants Conference, May 17 – 19th in Jersey City, NJ. The blog is being written while the superbowl pre-game chunters on in the background. For our industry, a superbowl of sorts has already been playing out all of last year and is…

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December 2016 Surfactant Monthly

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December 2016 Surfactant Review The News Phrase of the month? “Fake News”. That is not what you will find here. With the invaluable support of my good friends at ICIS, I am able to bring you the real news about what happened this last month in the surfactants markets. We have a companion blog posting on a 2016 Retrospective, which has hardly anything to do with surfactant news, focused rather on my thoughts on the year, on a thousand years of history and some interesting music for your contemplation. That blog post is here at this link. First a commercial, which I permit you to skip right now, by going to the next paragraph. A lot of what we talk about in this blog (and that includes the music) is brought to life in our surfactant conferences which are produced around the world and throughout the year. In 2017, we will be in New York, Western Europe, Mumbai and Singapore. Check our surfactants portal here for updated information. As always, we bring you original content and the best networking opportunities in the industry. New York in May, sees our first awards ceremony and a number of first-time ever speakers. We’re…

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Surfactants Monthly – November 2016

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Surfactants Monthly – November 2016 Of Snowflakes and Status Quo Word of the month for me in November was “snowflake”. It seemed that, starting November 9th, the term snowflake came to describe those, mostly young, individuals prompted to weep openly in large groups at the prospect of things turning out, not quite as expected. One wonders how they might fare in the world of chemicals or indeed, surfactants or oleochemicals, where the status quo shifts with alarming irregularity. In my view, the only status quo on which one can rely to deliver expected outcomes is the creator of the following 4 minutes of 3 chord bliss: Similarly reliable is the ICIS news team who provides most of the raw material for this blog. Please check out their dashboard and subscribe. I do. Now to the news.. Finally some better news out of Brazil: As ICIS reported from the Oxiteno earnings call, they are seeing a firming of the Brazil economy starting in the third quarter of 2016. 
The firming was reflected in Oxiteno’s sales volumes for the third quarter. 
The company’s Brazilian sales reached 145,000 tonnes, up 7% from 135,000 tonnes from the same time last year. 
Compared with the…

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Love - to the Seventh Generation

Surfactant Monthly Review – September 2016

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September 2016 – Surfactants Monthly The highlight of the month for me, of course, was the trip to Berlin and the 5th ICIS European Surfactant Conference. We were fortunate enough to have one of ICIS’ young up-and-coming journalists cover the whole thing for us so I will post a few links to Melissa Bartlett’s surfactant articles in a separate post. Coming up next month we have the 6th (already!) Asian Surfactant Conference in Singapore. Please join me there, November 8 – 9th at the Marina Bay Sands. As always, the day before, we have our business training course as an optional extra for all conference attendees. End of commercial. Here’s the news: A big new refinery project in China will include ethylene oxide capacity, according to ICIS. China’s Zhejiang Rongsheng is building a joint venture refinery-petrochemical complex in Zhoushan, with the first phase due to start up in late 2018.
The yuan (CNY) 160bn ($24bn) project, which will be built in two phases in China’s eastern Zhejiang province, is expected to have an overall refining capacity of 40m tonnes/year or 800,000 bbl/day. 
It will have an ethylene capacity of 2.8m tonnes/year, with aromatics production estimated at 10.4m tonnes/year, and will include a propane dehydrogenation (PDH)…

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August 2016 – No Review this Month – Music Videos Instead

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No Monthly Review for August – Music Videos Instead This month was consumed by work and a proper vacation for a welcome change. Instead of a surfactants review, therefore, I am going to pull a selection of music videos that represent, for me some themes of the summer that just passed. Allow some time for this whole post to load.. First for those who worked all summer, who better than Bananarama from the early 80’s: Some classic NYC scenes, including from Jersey City.. If you are still feeling regretful about working instead of the basting on the beach, consider this classic from Madness. Going one step beyond in your work is OK. Don’t be ashamed of it. Just make sure you do it in all your walks of life, not just work.. As I trawled the internet looking for songs this summer, I got to thinking just how many songs feature, in a very glamorous light, towns and cities in the USA, some very small. For example, even my little adopted home-town, Freehold, NJ has its own paean written and sung by Bruce Springsteen here.. I distinctly remember coming to the US in 1984 and going on my first business trip…

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Surfactants Monthly Review – July 2016

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Surfactants Monthly – July 2016 Of Bucks Fizz, Kim and a Pricey Razor Herewith our summary for the month of July, as always, with the much appreciated help of the news team at ICIS. I strongly urge readers who want real-time news across the whole chemicals value chain to subscribe to the dashboard. “We’re from the government and we’re here to help” – words to cast a chill over any industry and the US cleaning industry is no exception. As reported at the beginning of the month, the American Cleaning Institute (ACI) wants to reduce or eliminate the government encouraged, use of animal fats in biodiesel. The reason is that its members are losing out to biofuels under EPA’s Renewable Fuel Standard (RFS).
Animal fats are a key feedstock for oleochemical producers, which help supply makers of soap, laundry detergents, fabric softeners, hard surface cleaners, dish detergents and personal care products, as well as many other everyday consumer and industrial products.
”The proposed (RFS) volumes would continue to divert large quantities of a finite, inelastic supply of animal fats to the biofuels market, thereby critically disadvantaging the domestic oleochemical industry,” said Jacob Cassady, ACI associate director of government affairs.
”EPA has a responsibility, if…

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Surfactants Monthly Review – May 2016

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Surfactants Monthly Review – May 2106 The Greatest of All Times Lands a Solid Right May’s highlight for me was, of course our 6th ICIS Surfactant Conference in New York. I will make some observations about that in a separate post. If you missed New York, we are going to be in Berlin, September 15th and 16th for our European Conference. Speakers include L’Oreal, McBride, Reckitt Benckiser, Fair Trade (yes that one; talking sustainable coconut derivatives), Dow, Farabi and Nexant among many others. We will have a return exclusive talk from Modular Genetics whose platform could, just possibly, up-end our industry (and that’s not my hype, that’s Unilever talking – at our recent seminar in May). We’ll also be presenting the exclusive analysis of the 2nd annual surfactant value chain survey. We’re at a new venue, the Intercontinental and I am assured that the space will sell out fast. Please register while you’re thinking about it now. End of commercial. Now onto the news. If you like what you read here, it is mostly provided courtesy of ICIS and so for real-time feeds across all markets, you should subscribe at www.icis.com. Yes, I’m a real user, not a paid endorser!…

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Surfactants Monthly Review – April 2016

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Surfactants Monthly Review April 2016 – of Bowie and Bonds   With May underway, I’m focused now on our 6th ICIS World Surfactants Conference in NYC, which I feel duty-bound to shill for just a little bit here. This is the first of our conferences to feature a pre-seminar, this one on bio-surfactants. We’ll have over 200 people at the conference and 100 at the seminar alone. Among many other things, we’ll have the chance to hear an investigative reporter from the Wall Street Journal talk about what she found when she looked into consumer cleaning product marketing and label claims. You’ll be pretty surprised to hear about some superb old-fashioned sleuthing and what it uncovered. Tangentially surfactant related: I’ve been spending a lot of time thinking about David Bowie recently. That he was a musical inventor who stretched boundaries and crossed over many markets, is well known. Lesser known is his financial innovation of being the first musician to securitize and sell future cashflows from music royalties in the form of what came to be known in the financial world as “Bowie bonds”. This enabled the music icon to enjoy the fruits of his labors “today” while not losing…

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Surfactants Monthly Review – March 2016

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Surfactants Monthly Review March 2016 – Of Kardashians and Canaries This month’s blog posting, is brief primarily due to a heavy travel schedule during April. As many blog readers and conference attendees know, I am fond of working pop culture references into my analyses of the surfactant industry. For that reason, I was most impressed by the question raised in a recent issue of ICIS Chemical Business, i.e. “Could BPA be the Kim Kardashian of Petrochemicals”, referencing the controversy that rages whenever BPA (bis-Phenol A) is mentioned in polite company. Attendees at 2015’s World Surfactant Conference in NYC will recall our discussion of certain members of the hip-hop fraternity and conclusion that Solvay could well be the “Kanye West of the Surfactant Industry”. West, of course as notorious for being married to Ms. Kardashian as he is for borrowing riffs and hooks from the pop music pantheon for his own work. Solvay was quite happy with this light hearted metaphor until earlier this year, when West got into some financial difficulties as a result of, let’s say, debt to various private and public entities. Solvay let me know, with surprising speed thereafter, that they carry very prudent levels of leverage….

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Surfactants Monthly Review – February 2016

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Surfactants Monthly Review – February 2016 February saw a number of earnings reports, which we’ll take a look at below. As always, most, but not all of the key data for this blog is sources from ICIS and I remind readers that if they really want to have this kind of data available in-depth and on a real time basis (that means, as it happens), then they should subscribe to the ICIS services. A further reminder is also necessary that, although I have a conference and training course business with ICIS, my recommendations of their news and price reporting services, result in no financial or other benefit to me. End of disclaimer: Beginning the month, ICIS reported that North American EO contracts fell 1.5% on an ethylene decline. January EO contracts were assessed at 48.80-58.30 cents/lb ($1,076-1,285/tonne) FOB from 49.60-59.10 cents/lb FOB in December. Similarly in China, EO prices declined, although a bit more sharply, that is by 8%. Prices of EO were assessed at yuan (CNY) 6,900/tonne EXWH (ex-warehouse) during the week ended 3 February, down from CNY7,500/tonne EXWH the previous week, according to ICIS data. Back on the Forces Majeure front, ICIS reported that Shell will likely restart…

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Surfactants Monthly Review – January 2016

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Surfactants Monthly Review – January 2016 January was ACI month of course, when the final week held the 90th anniversary meeting in Orlando, FL. You will not read any reports or analysis of what happened at ACI here in this blog. Why not? Regular readers know I have a philosophy that can be summed up as “You gotta be there”. If you want to benefit from some event or conference or tradeshow then, you know, be there. So no gossip or tidbits or what have you from ACI in this blog. ACI themselves has published some news from the meeting here. If you really want to be involved in the cleaning industry, then sign up and or join for next year. End of sermon. What we do write about here is news from a variety of sources, drawing heavily on ICIS News. We co-produce a series of conferences and training courses with ICIS on surfactants, but otherwise I have no specific interest in promoting ICIS News, except that it is a great product which I use on a daily basis. Interlaced among the news here is my own opinion, which I try to clearly label as such. I hope you…

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Surfactants Monthly – December 2015

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Surfactants Monthly Review – December 2015 If you are reading this over the New Year’s holiday can I ask you to click over to the 2016 Surfactant Value Chain Survey and do it now while things are quiet. It’s about 10 minutes. All respondents (who identify themselves) and attendees at my conferences in the coming year will see an analysis of the results. December was quiet, personally, professionally and industry-wise and that is just fine by me. Except of course, for the usual brace of force majeures (or should that be forces majeure? French readers please opine!) in EO and related products. Is it my imagination, or perhaps more complete reporting, or is the hardware out there in our corner of the chemical industry getting pushed harder than it has been in the recent past? Is this necessarily a bad thing? As we all know, when utilization is high, money is made and a side – effect can be an uptick in unplanned outages. Maybe these forces majeure are just a small tax on a more profitable operation. Conversely of course, they could be interpreted as symptomatic of neglected assets protesting after years of under-investment in preventive maintenance. I don’t have the…

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Surfactants Monthly – October 2015

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Surfactants Monthly – October 2015             For those that missed my “Open Letter to the Surfactants Industry” last month on LinkedIn. Here is the link. It addresses some themes that I have been thinking about for a while. I’d be interested in your comments. Some business items first: Coming up next week in Singapore, we have our 5th Asian Surfactants Conference with speakers from L’Oreal, Sime Darby, Croda, LMC, Momentive, Tata, Archroma, Buss, Nexant, Stepan and many others. This will be our biggest and best event yet and we have moved to the beautiful new Grand Copthorne Hotel, right on the waterfront of the Alexandra Canal. As usual prior to the conference, we have our one day training course on surfactant business essentials. As always in this monthly roundup most of the news comes to us courtesy of ICIS and their outstanding news service. I again encourage readers to consider a subscription. Kicking off this month with LAB news, a name which I am quite sure has not appeared in 7 years worth of our blog postings; Iran’s Entekhab Investment Development Group is planning to expand its business by adding new production facilities of expandable polystyrene (EPS), linear alkyl benzene…

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Surfactants Monthly – August 2015

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Surfactants Monthly – August 2015 August was a somewhat slow month for the industry and the blog. Nonetheless, even as we write, I’m on the way to a board meeting in Chicago, then over to Europe for a bunch of things including, of course our 4th ICIS Surfactant Conference in Berlin, September 17 – 18th. If you have not registered yet, there is still time and you’ll join over 100 of the most informed and networked people in the industry from companies including L’Oreal, BASF, Henkel, Vopak, Houghton, Jiahua, Syngenta, Kao, SIBUR, Evonik, Unger, Buss, IMCD, PTT, Ecogreen and many more – is that diverse enough for you? I should also remind you that the day before the conference starts, I am teaching the completely revamped “Surfactant Business Essentials” one-day course and that in fact may not have room left as we seek some additional space to accommodate registration. Please check the website for the current status and hopefully you will be able to register. In another commercial plug, which I hope you’ll indulge, most of the news items and links in this blog are from (and to) ICIS News. You are getting here a miniscule sampling of what they…

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