Exchange Rate Pass-through and Industry Characteristics: The Case of Taiwan's Exports of Midstream Petrochemical Products

Based on 1986-1992 survey data of 22 midstream petrochemical industries in Taiwan, the empirical results of the export price, the markup ratio and the price-cost margin equations in this study show that Taiwan's petrochemical firms absorb only a small portion of a given weighted exchange rate change in their export prices, markup ratios and price-cost margins. It implies that Taiwan's petrochemical firms have a weak pricing-to-market pattern. The empirical results may be explained by the volatility of profitability, high market concentration and small export/domestic production share. However, the impacts of the exchange rate change on the export price, markup ratio and price-cost margin have a tendency to increase during the period of 1987" to 1992. The tendency might be attributed to increasing competition of the petrochemical markets in the world, or Taiwanese firms' gradual realization of the importance of holding their world market shares in response to the exchange rate change.

Ethiopian rift and plateaus - Some volcanic petrochemical differences

Volcanic petrochemical differences in Ethiopian rift and plateau

An Expert System to Improve the Energy Efficiency of the Reaction Zone of a Petrochemical Plant

Energy is the most important cost factor in the petrochemical industry. Thus, energy efficiency improvement is an important way to reduce these costs and to increase predictable earnings, especially in times of high energy price volatility. This work describes the development of an expert system for the improvement of this efficiency of the reaction zone of a petrochemical plant. This system has been developed after a data mining process of the variables registered in the plant. Besides, a kernel of neural networks has been embedded in the expert system. A graphical environment integrating the proposed system was developed in order to test the system. With the application of the expert system, the energy saving on the applied zone would have been about 20%.Junta de Andalucía TIC-570

Sustainability aspects of biobased applications : comparison of different crops and products from the sugar platform BO-12.05-002-008

In this study different uses of biomass are compared. In order to allow for a systematic comparison the study focuses on three different chemicals that can be produced from sugar. In this way it is also, in principle, possible to compare different crops for the production of the same product. The study focuses on the production of PLA (polylactic acid, a bioplastic), ethanol, and biopolyethylene (bio-PE, which is produced via ethanol). These three products can presently be produced from biomass and therefore form realistic cases. All three products are produced from sugars, and thus the systems can be decoupled at the sugar step. The sugar can be produced from different crops. In this study five different crops are compared: wheat, maize, sugar beet, sugar cane and Miscanthus. The sustainability aspects that we studied are non-renewable energy use (NREU), greenhouse gas (GHG) emission in the crop-product chain and direct land use for producing the bio-materials

Large seals fabricated from small segments reduce procurement lead time

Large diameter seals are fabricated from narrow strip stock welded in segments to form a complete ring. This technique could be used to reduce the cost of critical, large diameter seals in the heating and ventilating industry, petrochemical industry, and marine fabrication industry

Pricing Reforms and Capacity Constraints in China’s Petrochemical Sector

As an economy where the state continues to exercise control over the procurement of a wide range of goods and services, China offers a fascinating example of how economic necessity,mostly as a result of rapid growth in manufacturing, has forced the state to abandon the large-scale subsidisation of petrochemical products

Computer program determines performance efficiency of remote measuring systems

Computer programs control and evaluate instrumentation system performance for numerous rocket engine test facilities and prescribe calibration and maintenance techniques to maintain the systems within process specifications. Similar programs can be written for other test equipment in an industry such as the petrochemical industry

TDLAS Detection of propane and butane gas over the near-infrared wavelength range from 1678nm to 1686nm

It is important in the petrochemical industry that there are high sensitivity, high accuracy, low-power consumption and intrinsically safe methods for the detection of propane, butane and their gas mixtures, to provide early warning of potential explosion hazards during both storage and transportation of oil and gas. This paper proposes a 'proof of principle' method for the detection of propane and butane using a Tunable Diode Laser Absorption Spectroscopy (TDLAS) technique over the near-infrared wavelength range from 1678nm to 1686nm. This method is relatively inexpensive to implement and is thus more practical, compared with detection methods using wavelengths further into the infra-red, near 3.3μm. The minimum detectable concentration was found to be low as 300ppm for propane or butane. Importantly, the relative measurement errors were all below 3% LEL, which meets the requirements from the petrochemical and oil-gas storage and transportation industries for a field-based system for monitoring of combustible gases