Posts Tagged ‘efficiency’

ISO 50501: The Innovation Game Changer

Digital Transition requires agile and efficient Innovation management, especially in collaborative mode. This article describes the forthcoming ISO 50501 Innovation Management Standard and explains how this new standard and related series (ISO 50502, ISO 50503, ISO 50504, ISO 50505) can help to improve innovation processes. It takes the example of the collaborative platform Industrie 4.0 Smart Platform® as an existing tool to facilitate the implementation of the ISO 50501 standards in practice for collaborative innovation.

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CNOOC and Sinopec to pump $20 billion in upstream acquisitions

CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares listed in Toronto and New York Stock Exchanges. The aggregate value of the proposed acquisition is approximately $15.1 billion […]

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“VFA”

Definition VFA stands for Vinylformamide or n-Vinylformamide. Vinylformamide may also be named n-ethenyl-formamide or SR-497  Comments After polymerization and subsequent hydrolysis N-Vinylformamide (VFA) introduces a primary amine into a polymer, which can be used for cationically charged polymers or crosslinking with e.g. epoxides. Vinylformamide (VFA) is an important feedstock for water […]

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BASF increases Chemicals capacity in Europe

BASF to build butadiene extraction plant in Antwerp The butadiene is a monomer and used as an important chemical intermediate to produce elastomers and thermo­plastics, such as synthetic rubbers, latex, acrylonitrile butadiene styrene copolymer and polyamide. The tire industry is the main consumers of butadiene. Other applications for butadiene include paper chemicals […]

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LNG Train

Definition LNG Train refers to the compressors train used in industrial process to convert natural gas into Liquefied Natural Gas, called LNG. Comments The process to convert natural gas into LNG is based on three steps, gas treatment, gas compression and refrigeration. Since the natural gas contains many non-methane gas and […]

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