Saving money. It’s something most of us think about almost daily, especially around the holidays. And commercial markets are no different. Take the petrochemical industry as an example; the recent Dow-DuPont merger, a US $130 billion deal, is all about the savings. The company expects to shrink costs by $3 billion every year as a result of workforce reductions and some plant closures.Read More
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When it comes to marine vessels, you get what you inspect! According to Alexander Tomchev of Cargill in Bulgaria, after 20 days in tropical waters, biofouling is present on a ship’s surface. Turbulent flow around a ship hull caused by barnacles, sea grass and other fouling ends up increasing fuel consumption. Inuktun has the solution with game-changing implications for the economics of marine transportation.Read More