Page 171 - CW E-Magazine (6-8-2024)

News from Abroad

TECHNOLOGY TRENDS
Honeywell’s new study provides insights into imple-

mentation of AI for industrial applications

American conglomerate, Honey- promising benefi ts. Other benefi ts men-
well, has released the fi ndings of its tioned included improved cybersecurity,
‘Industrial AI Insights’ global research better decision making due to real-time
study, which captures the state of data generation, increased work fl exibility
Artifi cial Intelligence (AI) in the sector. and increased workplace safety.
Workforce productivity, fl exibility,
and safety have been identifi ed as key Way ahead
gains from AI applications along with While the enthusiasm for AI to
its potential to address the industrial expand is palpable, there are still some
skills shortage. While only 17% of AI challenges in the way of full adoption.
decision makers around the world have More than a third of survey respon-
fully implemented their initial AI plans, dents (37%) feel that their C-Suite fully
more than 9 in 10 say they are uncover- currently at a pivotal moment,” said doesn’t understand how AI works and
ing unexpected new use cases whether Mr. Kevin Dehoff, Honeywell’s Chief almost half (48%) say they are having
they are in the prototyping, launch, or Strategy Offi cer. “With the advent of to continually justify or request
scaling stages of AI implementation. Gen AI and more sources of data from resources needed to implement AI plans.
advanced analytics, Industrial AI is “All of this suggests the pace of change
The research also fi nds AI leaders poised to grow exponentially, and the will be driven by compelling use cases
are “sold” on AI for industrial appli- possibilities are endless for revenue that can be measured in terms of
cations. The enthusiasm for a deeper growth and employee satisfaction.” improved business performance. As
commitment to AI investment is nearly new solutions demonstrate clear benefi ts
universal, with 94% of those surveyed Workplace benefi ts to workforce productivity, safety, and
saying they have plans to expand their When asked for their thoughts on the reliability, AI adoption will dramatically
utilisation of AI. impact of AI on industrials, nearly two- increase with the potential to trans-
thirds (64%) of AI leaders cited effi ciency form industrial operations,” Honeywell
“There is no question that AI is and productivity gains among the most stated.

CIRCULAR CHEMICALS AND POLYMERS
GreenDot supplying pyrolysis oil to Shell in Europe

German recycling fi rm, GreenDot, use pyrolysis oil in their Market content targets for polyolefi ns pack-
is supplying pyrolysis oil to Shell Development Upgrader (MDU) unit, aging that must be met. Collaboration
Chemicals Europe B.V., a subsidiary of currently under construction at the is therefore crucial for many industry
oil & gas major Shell since March this Shell Chemicals Park in Moerdijk, partners to pull together in the same
year. Netherlands. The MDU is expected to direction,” said Mr. Mark Vester, Man-
start up later this year. aging Director Advanced Recycling,
GreenDot is leveraging its 30 years GreenDot.
of experience running an Extended “We are very happy to have sup-
Producer Responsibility (EPR) scheme plied pyrolysis oil to Shell Chemi- Shell Chemicals Europe B.V. will
in Germany to access plastics waste cals Europe B.V. which will help to upgrade the pyrolysis oil to remove
feedstock from households to produce upgrade these pyrolysis oils and fur- impurities and use the cleaner feed-
pyrolysis oils. ther develop the needed capacities in stock to produce circular chemicals that
Europe for circular polymers. Only a can be further processed into circular
Shell Chemicals Europe B.V. will few years are left for the fi rst recycled polymers for use in plastics.

Chemical Weekly August 6, 2024 171

Contents Index to Advertisers Index to Products Advertised