INDUSTRY & BUSINESS
Petroleum Battle Stiffens W o r l d petroleum markets g r o w more r u g g e d ; im portant trends a r e taking shape a b r o a d W iTH MORE a n a more υ . :>. tirms get ting into foreign oil operations (C&EN, May 12, 1958, p a g e 2 4 ) , a n d Soviet and North African c r u d e moving into the world market, the oil industry today finds itself in a state of "intensified com petition." T h a t ' s the word that H. W. M c C o h b , vice president of Standard Vacuum Oil, passed on in San Francisco to the Society of Petroleum Engineers
or t n e American institute or ivimmg, Metallurgical, and Petroleum Engi neers. In reviewing foreign petroleum de velopments during 1958, M c C o b b de scribes the year as one of "adjustment and change," rather than one of "crisis or sensational discovery." But trends w e r e established t h a t are likely to have a strong bearing on the future. For in
stance, says M c C o b b , o n e aspect of this Increased competition to look for in years to c o m e : higher prices that con cessions may c o m m a n d , and the t e n d ency of foreign governments to d e m a n d greater participation in oil operations. Although t h e U. S.'s share of world petroleum production has been d r o p ping* it's still the world's biggest p r o ducer. And though only a relatively small portion (12r,'r) of world reserves arc w i t h i n the U. S. proper, M c C o b b adds a bright note: T h e activities of American companies abroad have given t h e U . S. direct interest in 649fc of t h e Free World's petroleum resources.
MARCH
2,
1959
C&EN
37
INDUSTRY &
BUSINESS
DU PONT HEWS and REVIEWS Booklet shows how to save money on heat transfer IEÏEC
Dec. 3.741 CHEMICAL
INVENTORIES
Revised
CHEMICAL
SALES
Revised
^ÊÊÊ^^M^^^^Ê^^BM^B^ Would you like to cut costs on heat transfer with a low-cost material which yon can use in relatively low-cost equipment? if your answer is yes, send for our booklet on HITEC.® H I T E C is a eutectic mixture of watersoluble inorganic salts which melts at 288°F. It has high heat transfer coefficients, thermal stability, low cost, and is non-fouling. I t offers a high degree of safety, because it is nonflammable, nonexplosive, and evolves no toxic vapors under recommended conditions of use. Low-cost heat transfer medium—You can use H I T E C for both heating and cooling in the 300 to 1000°F. range. If you can stay below 850°F., you should be able to use the material for years without having it break down. Above that mark, you get a slow thermal decomposition. Low-cost equipment—HITEC can b e used at atmospheric pressures, and because of its low degree of corrosivity you can use it with common materials of mn— struction such as carbon steel. The high heat transfer coefficients and high heat capacity of H I T E C mean that equipment size and heat transfer areas can b e held to a minimum . . . with correspondingly low maintenance and power costs.For the rest of the story, including s chart showing HITEC's high heat transfer coefficients, just write for the 16-page booklet. Address your inquiries on your company letterhead to Du Pont Explosives Department, 253S Nemours Building, Wilmington 98, Delaware.
iSEPORt 38
C&EN
Better T h i n g s f o r Better L i v i n g . . . through Chemisfar-y
MARCH
2,
195?
Dec, 2.Q4Î
inuujimHii
Briefs . · · • Fiîntkote € o . will acquire Blue Diamond C o r p . , West Coast gypsum producer, b y a n exchange of stock. Blue Diamond earned $1.79 p e r common share in 1957 on «ales of S I 9 . 4 million; 1958 results are not yet out. Flintkote earned $3.00 per common share in 1958 on sales of $156.2 million.
EMICALS We mine Copper, Sulfur, Iron and Zinc and are basic producers of their chemical deriva tives. Our technical know-how and basic posi tion in these minerals is your assurance of ex acting quality control and strict uniform consist* ency.
• American-Marietta has bought Southern Printing Ink, Richmond, Va., which m a k e s industrial a n d gravure inks. Purchase price has not been revealed. • Owens-Illinois Glass sets u p a section in its general research department to handle metallurgical research and services for all company divisions. • Storchheim Research a n d Developm e n t is a new firm which has opened shop in Woodside, Ν. Υ. T h e company will specialize in developing new metal lurgical materials, processes, and prod ucts, with emphasis on powder metal lurgy. k C p e » c e r r^tiomirr;! « n d Industrial Rayon have officially canceled their joint plans t o build a 20 million pounda-year plant to m a k e caprolactam, the monomer for nylon-6. Last July, the firms said they planned to build the plant at Ashland, Ky., under the name of Ohio River Chemical. But by No vember, they reported that plans were being thoroughly reconsidered (C&EN, Nov. 10, 1958, page 2 4 ) . A big factor in the cancellation was probably Du Pont's decision last fall that it would build a 50 million pound-a-year capro lactam p l a n t at Beaumont, Tex., using a new low-cost process based on cyclol—i p v n n p
ί Π Λ - F . N- ,
x
N. o .^ _ v . . _ ,
_
1 U5K — ,
—
COPPER SULFATE Industrial Crystals and o i l Common grades.
M0N0HYDRATED COPPER SULFATE
CUPRIC CHLORIDE
3 5 % Copper as metallic p a c k a g e d in steel drums at no extra cost.
3 7 % Copper as metallic· Available in polyethylene lined drums or bags·
COPPER CARBONATE 55% Copper as metallic. Light and dense grades
SULFURIC ACID A l l Grades and strengths from 6 0 °
Baume through
the various Oleums.
LiQUiD SULFUR DIOXIDE Highest commercial q u a l ity, available in tank cars, tank wagons, ton cylinders and 1 5 0 - l b cylinders.
VriLUIW/J
HYDROSULFITE
ACID
T-C HYDRO is a dry, white, free flowing crystalline powder of uniform particle size a n d structure. It is dust f r e e , assuring highest stability and uniformity.
Iron less than 1.0 ppm a s l o a d e d . W a t e r white. D e livered in glass-lined tank wagons, also in stainless steel drums.
PARA TOLUENE SULFONIC ACID, ANHYDROUS
Other organic Sulfonic Acids.
ηj .η—σ ρ _ σ
19). • American C y a n a m i d ' s plastics and resins division will discontinue manu facture of methylstyrene-based Cymac molding compounds, and will "concen trate its efforts in fields of greater eco nomic promise." T h e products, how ever, will be available on a limited basis until June 1, 1959. • Stockholders o f C h i p p e w a
IRsl^Si»
Plastics,
Chippewa Falls, Wis., will decide at a soecia! meeting whether to approve acquisition of t h e company by Rexall Drug. T h e transaction calls for the ex change of one share of Rexall stock for two shares of Chippewa common.
Partially hydrated free flowing granular. A v a i l able in bags or bulk.
ZINC OXIDE
ZINC SULFATE 3 6 % Zinc as metallic.White, free flowing powder.
Secondary.
MANGANESE MANGANESE SULFATE 65% MnSO^.
M0N0HYDRATED MANGANESE SULFATE 9 3 % M n , SCU, H 2 0 . High est purity, technical g r a d e ...NOT
MANGAN0US OXIDE Minimum 4 8 % Manganese as metallic. Feeds; fertili zers, spray or dust grades.
A BY-PRODUCT.
For Further Information or Samples, Make Request On Your Firm's Letterhead* MARCH
2,
1959 C&EN
39
INDUSTRY & BUSIIMJSJ5 __/CSL_
ïï~,
• Reactor In t h e U.S.S. Sœmccmif luis operated more than two yeatrs without any maintenance. The e r e d i t g^oes t o careful engineering of the components. says former Seawolf co>miiisandiii££ officer Capt. R. B. Lansing. He told a National Sécurité' Industriel Ass» mrpting that the submarine's l o w e r (re-actor) compartment was opened for tfcae first time two weeks ago, and t h e n oaily for inspection. • Reichhoid Chemicals h^is designated Hastings Plastics as die m a r k e t i n g outlet in southern Californki £or r t s line of hasic polyester, polyurefchan^, and phenolic resins for aircraft and missile applications. Hastings w i l l also sell the products t o other industries on a cooperative basis with Reic3ihoLs ( w h i c h earn hold about 10.000 barrels of fimistietl c e m e n t fiich ) will be built by «wet year.
RÏÏT
• N e w n a t u r a l g a s processing pilant— 150 million cubic~£oot-r>er-«day «capacitv—is being operated b y Hexas N a t oral G a s o l i n e near New Orleans, La. T h e firm owns t h e plant fointi^ with Tennessee Gas Transmission, Built by Fluor Corp., t h e plant will initially produce propane, normal Ibutante, isobutane, and natural gasoline.
_~-i
• I n t e r m o u n t a i n Chemical, an aiîîliate of Food Machinery & Cfaemical a n d N a t i o n a l Distillers & Che*mîcarl# will soon complete a 20r> expansion at its Westvaco, Wyo., soda ash plant. T h e expansion will raise the p l a n t ' s output to
rïî
Process Industries Trends
AN EXCELLENT CATALYST FOR VINYL TYPE MONOMERS AND POLYESTER RESINS
V I N Y L RËSÏTC3
*??^ν$ψ;-J i i v l x 4 ^ " - " C ' \Τί^^^'^"Γ^?'"?>^Λ^ "> -a=e>
-0r*'^X-*v'ï?*.ï* ^ ^ ^ S ^ " ^ " ' '-"^ * * -s
.
t-BUTYL HYDROPEROXIDE
SPECIEICATION^
ACTIVE OXYGEN
-BEGQMPOS4Tj€M^
12.6-13.0% ïemperaiare l°C)
Concenîraîîtir»
Solvent
(Moles/liter)
100 1 15 130
0.2
Benzene ι
I
P H E N O L I C PLASTICS ( a n d O t h e r Tar Acssâ îwesins>
71-73%
Half-Life (Hours)
1
165.0 21 5
i ί
·> *> · -
w
| 1
Ε
S i ι
LUCIDOL t-BUTYL HYDROPEROXIDE-70 is readily soluble in most synthetic monomers and can be used as a polymerization catalyst in bulk and emulsion processes with monomers such as the
CELLULOSE ACETATE PLASTICS
styrènes or methacrylates and with polyester resins. It is also useful in other applications requiring a stalbie, weakly acidic, liquid
Write for Data Sheet ~ 26
LUCIDOL
DIVISION
/ A L L A C E & T!ES?WAÏ»iî
!MC-QRPQf?ATIP
1 7 4 0 MILITARY B U F F A L O 5. N E W
4 2
C&EN
M A R C H
2,
1959
L
•ψ\ηκή·
organic oxidizing agent.
ROAD YORK
$4 / 0 , 0 0 0 t o n s of h i g h g r a d e s o d a a s h a year.
New Text
^ K a i s e r A l u m i n u m & C h e m i c a l is ex p a n d i n g basic refractory brick capacity a t i t s C o l u m b i a n a , O h i o , p l a n t for t h e s e c o n d t i m e in t h r e e y e a r s . W h e n t h e
New Text
y e a r , t h e firm will h a v e a n a n n u a l c a p a c i t y of m o r e t h a n 2 0 0 , 0 0 0 t o n s of b a s i c r e f r a c t o r y b r i c k a n d m i x e s a t its M o s s L a n d i n g , Calif., a n d C o l u m b i a n a plants. • V u i c a n a - C i n c i n n a t i will r e h a b i l i t a t e a $ 2 . 3 million c h a r c o a l b r i q u e t p l a n t a t B u r n s i d e , K y . , for t h e C u m b e r l a n d C o r p . , w h i c h is w h o l l y o w n e d b y t h e Burnside Corp. T h e plant had been s h u t d o w n l a s t F e b r u a r y , after less t h a n a year's operation, d u e to engineering difficulties. T h e $750,000 rehabilita tion is e x p e c t e d to p u t t h e p l a n t in o p e r a t i o n b y l a t e s u m m e r or e a r l y fall this y e a r . • S h e l l C h e m i c a l h a s its s e m i s c a l e m a r ket d e v e l o p m e n t u n i t o n s t r e a m at M a r t i n e z , Calif. T h e $ 2 million u n i t p r o d u c e s m o r e t h a n p i l o t , b u t less t h a n c o m m e r c i a l , q u a n t i t i e s of p r o m i s i n g in d u s t r i a l c h e m i c a l s t h a t c o m e from t h e c o m p a n y ' s research activities. First r u n i n c l u d e d s e v e r a l d e r i v a t i v e s of acrolein.
New Text
Financial · · · • S t o c k s p l i t s c o n t i n u e in t h e p r o c e s s industries. E a s t m a n K o d a k will g i v e s t o c k h o l d e r s o n e n e w s h a r e for e a c h n o w o u t s t a n d i n g on A p r i l 1 3 . A t t h e s a m e time, directors have declared a 3 7 - c e n t q u a r t e r l y d i v i d e n d on t h e in c r e a s e d n u m b e r of s h a r e s ; a y e a r a g o 4-K r-x Λίχ»ίyi i~\iQ ο ο π ι π ι ο π s t o c k w a s 65 cents a share. Colgate-Palmoliv^ s h a r e o w n e r s will v o t e on a t h r e e - f o r - o n e s p l i t a t t h e a n n u a l m e e t i n g in A p r i l . T h e dividend on the shares n o w out s t a n d i n g h a s b e e n raised from 7 5 to 9 0 cents a quarter. Thiokol C h e m i c a l will s p l i t its stock t h r e e - f o r - o n e if s t o c k holders approve next m o n t h . Pfizer di r e c t o r s h a v e d e c i d e d to r e c o m m e n d a t h r e e - f o r - o n e split of its c o m m o n s t o c k ( i n s t e a d of a 2 1 / : » - f o r - l split p r e v i o u s l y p r o p o s e d ) at the c o m p a n y ' s a n n u a l m e e t i n g April 2 0 . • M i n n e s o t a M i n i n g h a s b o o s t e d its quarterly dividend to 35 cents a share. Previous rate was 30 cents.
types. Each type is extremely versatile— readily adaptable t o the special require m e n t s of t h e p r o d u c t in Avhich it is to be used. Samples of ODRENES a r e available on r e q u e s t . And o u r technical staif—pioneer in t h e field of aromatics—offers y o u full cooperation in t h e i r use.
Right ηοΛν'—^ί t h e development stage— is the time to plan t h e odor of y o u r household product. And you'll save time, trouble and e x p e n s e if y o u
use an
ODRENE. ODRENES
a r e a series of fragrances scientifically c o m p o u n d e d to solve the odor problems of household products. They are easy a n d economical to use—and available in a wide range of consumer-tested odor
^BS5S^sss&
*Odrenc is the registered trade-mark for Stridor's series of fragrant additives.
Industrial Aromatics and Chemicais
321 West 44th Street
·
New York 36, Ν. Υ.
MARCH
2,
1959
C&EN
43
