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PCM briefing: Shipping costs rise for chemical companies; Inventure to build plant in China

Ben Welter - Saturday, August 11, 2018

Viking Cold Solutions founder and board chairman Paul Robbins, who retired as president at Caribbean Shipping Services in July, says he plans to resume a more active role in the day-to-day operations at Viking. The Houston company makes TES systems that pair phase change material with intelligent controls and remote energy-monitoring software to reduce commercial refrigeration costs.  

Chemical Week reports that shipping costs are on the rise for chemical companies as capacity tightens and truck traffic shifts to railroads.  

Inventure Renewables of Tuscaloosa, Ala., is partnering with Wilmar International and Desmet Ballestra Group on a new manufacturing plant in China's Jiangsu province, the Birmingham Business Journal reports. Construction is expected to begin in 2019. The plant will use Inventure’s soap carbonate technology to convert low-value processing residues into uncontaminated free fatty acids.

Maurizio ZaglioMaurizio Zaglio‎, right, international business development manager at Sunamp Ltd., was in Hangzhou, China, this week to present the company's new products at the 2018 China Heat Pump Annual Conference.

• New from Research and Markets: "Phase Change Materials (PCMs) - A Global Market Overview"

ARPA-E has issued a funding opportunity of up to $35 million for the High Intensity Thermal Exchange through Materials and Manufacturing Processes program, to develop new approaches and technologies for the design and manufacture of high-temperature, high-pressure, and highly compact heat exchangers. 

• The American Chemistry Council confirmed this week that high-density polyethylene (HDPE) is on the list of U.S. petrochemicals and plastics targeted for $16 billion in retaliatory tariffs from China. "Prospects of trade war are eroding business confidence from the Tax Cuts and Jobs Act," says the ACC's Kevin Swift. The U.S. economy is expected to grow by 2.4 percent in 2019, Morningstar reports, but economists have cut the average forecast for 2020 from 2 percent to 1.8 percent. 

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