Chemical Company Research Articles

Influence of Green Accounting, Environmental Performance, And Share Ownership on Corporate Financial Performance with Corporate Social Responsibility as An Intervening Variable in Basic Industrial and Chemical Sector Companies Listed on the IDX, 2018 – 2022

This study aimed to examine and evaluate the impact of Green Accounting, Financial Performance, and Stock Ownership on Corporate Financial Performance (CFP) in the primary and chemical industry sectors of companies listed on the Indonesia Stock Exchange (BEI) from 2018 to 2022. This research also aimed to investigate the role of Corporate Social Responsibility (CSR) as an intervening variable in this relationship. The sample for this study comprised 80 companies operating in the primary and chemical industrial sectors listed on the BEI. The utilization of purposive sampling methodology chose the sample, and the analysis of the data was conducted using Eviews 9 software and Sobel calculations. This study's findings suggest that no statistically significant relationship exists between Green Accounting, Environmental Performance, Stock Ownership, and Corporate Financial Performance. The variable of interest, Corporate Social Responsibility (CSR), exerts a notable influence on the financial performance of corporations. Green Accounting and Environmental Performance variables exhibit a notable influence on Corporate Social Responsibility. However, the variable of Stock Ownership does not demonstrate a substantial impact on Corporate Social Responsibility. In addition, it can be observed that the variables of Green Accounting, Environmental Performance, and Stock Ownership do not exert independent influence on Corporate Financial Performance when mediated by Corporate Social Responsibility.

Analisis Beban Kerja Fore-Log Plant B PT XYZ Menggunakan Metode Workload Indicator Of Staffing Needs

PT XYZ is a specialty chemical manufacturing company with various products for Paper, Water Treatment, Oil Mining, Mining, Plastic, Masterbatch, Agriculture, Home Care, and other industries. PT XYZ in planning its Human Resources must be careful to get optimal workers and high work productivity, so a Workload Analysis is needed to optimize the existing workforce at PT XYZ. In the research process, researchers found the phenomenon of multiple positions in the organizational structure of the Logistics Department of PT XYZ, namely by fore log plant B. This research was conducted with a qualitative method with interviews, observations, and data processing of the daily report of the Foreman Logistic Plant B of PT XYZ. The workload analysis method used in this research is the Workload Indicator of Staffing Needs (WISN) method. With the WISN method, the standard workload can be determined to determine the appropriate number of workers. From the results of research conducted in August 2023, it shows that the standard workload fore log plant B is included in the fit or in accordance with the workload standards set by the company, namely 1.3 so that duplicate positions are allowed.

Does Company Size Moderate the Effect of Intangible Assets on Its Value? (A Case Study of Chemical Companies Listed on the IDX)

The main goal of a company is to maximize profits for its shareholders, which is realized in the form of efforts to increase the market value of the company's share price in question. In scientific and technical progress conditions, the ownership of intangible assets can significantly increase the company's capitalization and the market value of its shares. This research aims to analyze the influence of intangible assets on company value moderated by company size with the control variables of leverage and profitability. The sample of this study is 108 chemical sub-sector companies listed in the Indonesia Stock Exchange (IDX) from 2013 to 2022. The study employed quantitative data obtained from secondary sources, including companies' yearly financial statements, the Indonesian Capital Market Directory (ICMD), and the official website of IDX (www.idx.co.id). The model and analysis technique uses Moderation Regression Analysis (MRA) with linear regression-process (Andrew Hayes) and IBM SPSS. The research found that intangible assets and size partially had a positive and significant effect on company value, as did leverage and profitability as control factors. However, on the other hand, size moderation weakens the relationship between intangible assets and company value. This situation shows that not all chemical subsector companies on the IDX align with the book value of shares and the share market price. Apart from that, the proportion of assets to liabilities must also be increased to build investor and public perceptions regarding the reliability of chemical companies' intangible assets in the future. It is hoped that company size will increasingly become a factor that strengthens the creation of company value in the future. Thus, companies with greater total assets, particularly intangible assets, will provide confidence in the company's financial capabilities to investors and other parties, especially those who provide sources of capital.

Opposed to Pain: Antikamnia Chemical Company.

The Antikamnia (AK) Chemical Company founded in 1890, which eventually was renamed The Antikamnia Remedy Company in 1819, was an important medicine company that thrived prior to passage of the 1906 Food and Drug act using smart worldwide marketing. As dangerous as the AK products were, success continued after 1906 by pursuing methods to flout regulations and stick to the marketing methods and legal maneuvering that kept AK sales strong. This article describes the tumultuous history of one of the most successful drug companies between 1890 and well into the 1920s.

A shot in the foot: Could chemical control of malaria vectors threaten food security?

Overwhelmingly, contemporary malaria vector control equals the use of chemical pesticides (through insecticide-treated bednets or indoor residual spraying). Gradually, but surely, we have become enslaved to thinking that controlling malaria mosquitoes equals the use of chemical insecticides, and much of the vector control field today is dominated by scientists, lobbyists, chemical companies, funding agencies and (global) institutions that endlessly repeat this dogmatic belief. Although chemical control has undoubtedly saved millions of lives, which, morally speaking would immediately justify its continued use, it has many sides that may ultimately cost more lives than it saves. Not only the cyclical problems with insecticide resistance, but also our increased understanding of the human and environmental health impacts of these chemicals, continue to raise red flags. Furthermore, the millions of kilogrammes of annual bednet waste (polyethylene, polypropylene) and bednet packaging material cannot be ignored. In recent years, an abundance of evidence that the use of chemical pesticides is a prime cause for the global decline in insect biodiversity and abundance has surfaced. The rate at which this decline is happening is frightening and may sooner rather than later threaten food production on a global scale. Should we opt for saving lives in the short term by using chemicals and face devastating and irrevocable long-term consequences or become wise(r) in the way we control malaria mosquitoes?

Chemical Automation Control Based on Intelligent Optimization Algorithm in the Background of “Internet+”

Abstract Driven by artificial intelligence technology and the popularization of the “Internet +” concept, many chemical enterprises have gradually transformed to production automation. However, regarding automation control, these enterprises often still have certain deficiencies. Because of this, this paper proposes an ant colony optimization algorithm to find the best path for the automation control of chemical enterprises. It builds a chemical automation control system based on it. This system mainly focuses on monitoring and managing various aspects of chemical enterprises. After introducing this control system, it conducts in-depth research and Analysis on the production capacity and equipment safety of enterprises. Test results show that the chemical control system constructed in this paper can effectively maintain the standard output of the production equipment in the interval of [16,25] per second, and the maximum output per hour is up to 1017. At the same time, the quality of the production products of the PPM index value continues to be at a high level. In addition, the automated control system can provide early warning of potential equipment hazards by monitoring different levels of current fluctuations. The chemical automation control system proposed in this paper shows excellent performance in detecting and controlling the automated production process in chemical companies.

Statistical Process Control and Capability Six-pack for Conductivity Measurement in Medicinal Chemical Industry

Statistical Process Control (SPC) is indispensable in the medicinal chemical industry for maintaining pharmaceutical product quality and consistency. Background: With complex chemical processes and stringent regulatory standards, robust quality control measures are essential. SPC enables monitoring and control of key process parameters, identification and correction of process variations, and ensuring final product compliance with specifications. This study evaluates the quality and capability of a process measuring medicinal raw material quality from an international chemical manufacturing company. Methods: Data collected from the conductivity measurement process were analyzed using Minitab software. The process specification was fixed at 30 µS·cm-1 as a maximum permissible limit, with 33 subgroups of size one. The computation of the capability six-pack and analysis generated six plots providing insights into process stability, recent behavior, and capability against specifications, distribution verification and capability indices. Minitab® version 17.1.0 software was used to perform a process capability six-pack analysis, including various charts and statistics to assess process stability and capability. Results: The results indicate that while the process is stable, it lacks capability, with variations exceeding acceptable limit. The process does not meet the maximum allowable specification value, with deviations from normal distribution and following logistic dispersion pattern. Conclusion: The study's novelty lies in its comprehensive yet concise presentation of key metrics essential for evaluating process capability and performance, providing insights for process improvement and quality control. Further investigation and improvement actions are needed to address sources of variation and enhance process capability and performance.

Novel technology for industrial VOCs exhaust treatment under dual-carbon target based on multivariate statistical analysis

Abstract Against the background of the dual-carbon target, the treatment of volatile organic compounds (VOCs) emissions in the industrial sector, especially in the chemical industry, has become an urgent environmental issue. To provide scientific and objective guidance for technology selection, this study constructs a comprehensive evaluation model based on the combination of entropy weighting method and hierarchical analysis method for the complete progress of VOCs treatment technologies, taking into account the four main factors of environment, economy, management and technology and the thirteen secondary factors under them. The model provides in-depth quantitative analysis and evaluation of ten common VOCs end-of-pipe treatment technologies. The evaluation results show that thermal combustion, catalytic combustion, adsorption-concentration-combustion, and photocatalysis exhibit high comprehensive efficacy in VOCs emission treatment, with relative weight values of 0.1273, 0.1252, 0.1214, and 0.1184, respectively. These findings provide essential references and guidance for chemical companies in selecting suitable VOCs treatment technologies, which help to realize the win-win situation of environmental protection and economic development. This study fills the gap in evaluating VOCs emission management technologies and provides a practical decision-making tool for relevant decision makers.

Top Ten Chemical Companies in 2023

Top Ten Chemical Companies in 2023

ОБҐРУНТУВАННЯ ФАКТОРІВ, ЩО ВПЛИВАЮТЬ НА ЕКОНОМІЧНУ ЕФЕКТИВНІСТЬ ПІДПРИЄМСТВ ХІМІЧНОЇ ГАЛУЗІ

The article highlights the issue of substantiating the factors of performance management of chemical enterprises and is defined as a process supported by software for planning, reporting and business analytics, which allows an organization to link its strategy with planning and execution. The modern approach was implemented many years ago and incorporates past, present and forward-looking information – in addition to business drivers – for a more comprehensive method of financial and operational planning. Some of the key components of the systems include planning, budgeting and forecasting capabilities, as well as the ability to track performance indicators, conduct analysis and manage reporting. Performance management processes for chemical companies also cover the financial close, consolidation and reporting process for better understanding. Because of this, such a situation makes it necessary to improve the efficiency of chemical industry enterprises. This is a key condition for ensuring long-term development, competitiveness and investment attractiveness of enterprises, which in the context of economic development is one of the most urgent tasks facing all enterprises in this industry. Analysis of the economic activity of the enterprise allows to answer many questions related to the efficiency of the enterprise. This process includes researching information about finances, product delivery, internal processes, and other key aspects of the business. The substantiation of factors of economic efficiency of the activity of the enterprise of the chemical industry makes it possible to achieve the maximum result from a limited number of resources. Purposeful actions with maximum results are considered the most important task for managers of any enterprise. Analysis of the economic activity of enterprises in the chemical industry is the first and most important task that must be solved in order to find ways to increase the efficiency of activity. The study and formation of the theoretical essence of the concept of "enterprise activity efficiency" is expedient for further formation and scientific substantiation of the concept of modern activity efficiency of enterprises in the chemical industry.

Research on Petroleum Industry Supply Chain in China: Performance and Predictive Analysis of Sinopec Group

As a major producer of oil and gas, China has historically adopted a variety of different approaches to managing its overall oil and gas supply chain. It also incorporates decisions and forecasts of trends in the overall petroleum supply chain in the context of existing domestic and international societal trends, such as the impact of national policies and the supply chains of China’s domestic petrochemical companies in the context of Sinopec’s past annual reports and assessments and recommendations for sustainable supply chains. This article uses the case study of Sinopec, a major Chinese chemical company, to provide statistics on the domestic market context and to propose and discuss risk management and sustainable supply chains for the company’s supply chain, as well as quantitative analysis to forecast and analyze China’s domestic oil consumption, with case studies and data on all indicators, and to show the impact of plans and trends on the chemical supply chain over time. The implications and trends of developing trends in the chemical supply chain are presented, and conclusions and final recommendations are drawn.

An Integrated Frac Geometry Control Approach To Prevent H2S Production

_ Hydrogen sulfide (H2S) production has in recent years become a mounting issue facing operators and midstream companies in major US basins. At present, H2S production appears to be random and poorly understood. As such, H2S is considered by many to be an unpreventable nuisance and one that is largely addressed by treating the dangerous gas at surface before putting it to a sales line. This article highlights impacts of H2S, possible sources, and a successful case study of a completions operation designed specifically to prevent H2S production in North Dakota’s Williston Basin. H2S and Its Impacts H2S is a colorless gas known for its pungent “rotten egg” odor at low concentrations. It is extremely flammable, highly toxic, poisonous, and corrosive. H2S is commonly encountered during the drilling and production of crude oil and natural gas, as well as in wastewater treatment, utility facilities, and sewers. H2S is well-known for its significant health and safety risks, along with substantial financial implications in the event of an accidental release. The substance ranks as the second leading cause of workplace gas inhalation deaths in the US. This is according to the US Bureau of Labor Statistics, which concluded that H2S caused 46 worker deaths between 2011 and 2017. Due to its corrosiveness, wells that produce even small volumes of H2S may compromise wellbore integrity and lead to premature failure of production equipment. Sour oil and gas is considered to have about 10% lower profit margin than traditional sweet Bakken crude (SPE 141434). An electrical submersible pump replacement can cost an operator up to $250,000, plus production downtime. Additionally, according to one leading chemical company, it costs $2,250 per day to treat 200 ppm H2S at a typical gas production rate of 2,000 Mcf/D. H2S Sources A recent study, URTeC 3852794, published by the Energy and Environmental Research Center (EERC) at the University of North Dakota suggests three possible causes of H2S: geo-mechanical, thermochemical, and biogenic. Geo-mechanical: Mission Canyon organic-rich intervals could be a source of H2S for a limited number of the Bakken producing wells via communication between reservoirs caused by out-of-zone stimulation work. This conclusion was evidenced by matching the δ34S isotope between 30 H2S producing wells and formation cores. Thermochemical sulfate reduction (TSR): Another possible mechanism of H2S generation involves the presence of anhydrites and hydrocarbons at a higher reservoir temperature of 110° to 150°C. This mechanism is plausible for wells with the δ34S in the range from +10 to +19‰. The EERC research team is currently investigating the TSR existence in the Williston Basin. Biogenic: This third mechanism of reservoir souring is questionable in the Bakken because of the high reservoir temperatures (110° to 150°C) and elevated salinity of the formation water (TDS 200,000 mg/L) making microbial growth unlikely, especially in the context of the predominance of heavier 34S isotope (δ34S of +2 to +19‰) in produced H2S.

The Evolution of the Chemical Industry: From Basic Chemicals to Specialty Products

The chemical industry has undergone a significant transformation since its inception in the 19th century, evolving from the production of basic chemicals to a diversified array of specialty products. This paper explores the historical development, key milestones, and current trends within the industry. It delves into the transition from basic chemicals and commodity chemicals to polymers and specialty chemicals, emphasizing the impact on consumer products and the growth of major chemical companies. Through a detailed examination of these phases, the paper highlights the pivotal role of innovation and market demand in shaping the chemical landscape.

Trends of digitalization in the Chemical industry in Russia and abroad

The modern challenges of the economic development resulted in digitalization for the Chemical industry of Russia within the Industry 4.0 international concept. Among the key developing digitalization trends of the Chemical industry, the following are distinguished and discussed: big data and advanced analytics, Internet of things, simulation modeling and digital twins, blockchain technology, specialized software, augmented and virtual reality, cloud computing, artificial intelligence and machine learning, cybersecurity and data privacy, mobile applications. Though, the problem of evaluation and measuring the level of digitalization still exists, especially in the Chemical industry a number of indices for the digitalization evaluation is named. Among which the I-DESI index is suggested for the future reference at the international scale. The modern Chemical enterprises in Russia as well as in other countries use digital technologies because they increase efficiency, accelerate innovation, improve safety and create new business models in an increasingly competitive environment. Various leading chemical companies pay special attention to investments in digitalization of their production because it facilitates the sustainable development of their businesses.

Assessment of Maintenance Performance Using the Maintenance Scorecard Method and Prioritization of Problem Control Strategies with the USG Method

Measuring the performance of machine maintenance becomes very important, serves as a monitoring tool, and triggers increased performance in the production section. Losses due to engine damage will impact the company's profit, which is less than optimal because maintenance can contribute as much as 20-50% of the cost composition of the company's operational costs. This study aimed to measure performance in the maintenance section using the maintenance scorecard (MS) and determine the priority of the performance control strategy using the Urgency, Seriousness, and Growth Method (USG). The research was conducted through case studies on chemical manufacturing companies located in Indonesia. The performance assessment results with the maintenance scorecard method show that the total scorecard maintenance value is in the category of need improvement, which is 63.35. There are 3 KPIs in the very bad category: maintenance costs from a cost-efficiency perspective, work completed from a quality perspective, and self-audit from a learning perspective. The first and foremost strategy that can be done based on USG's priority is to implement reliability-centered maintenance (RCM) to reduce time loss and increase the knowledge and competence of employees. This priority is useful when a company encounters a constraint so that it cannot carry out all strategies simultaneously or can only carry out some strategies while still getting optimal benefits from continuous improvement.

Impact Of Corporate Green Technology Innovation from An ESG Perspective

This paper discusses the impact of green innovation on firms in the chemical, manufacturing, high-tech and power generation industries from an Environmental, Social, and Governance (ESG) perspective. Through case studies of representative firms in the industries, it summarizes the common features of the impacts in the industries by focusing on the impacts of green innovation on firms from an ESG perspective. By examining leading chemical companies, AkzoNobel, DuPont and The Dow Chemical Company, it demonstrates how green innovation can significantly improve economic performance. In the high-tech sector, Google, Intel and NVIDIA utilize technology to expand and streamline their businesses. In the manufacturing industry, Siemens, Apple and Tesla represent companies optimized across the board to reduce the CO2 produced during manufacturing. Finally, in the energy sector, Tesla Energy, Vestas, and ANDRITZ Hydro are capitalizing on booming market opportunities for rapid expansion and growth. This paper provides a useful reference and outlook for understanding the growth strategies and profiles of these four industries.

A systematic review of phosphogypsum recycling industry based on the survey data in China – applications, drivers, obstacles, and solutions

The development of phosphogypsum (PG) recycling industry plays an important role in promoting the environmentally friendly transition of the phosphorus chemical industry, worldwide. China is the leading producer of phosphate and PG in the world, as the development of PG recycling industry in China has already generated very promising outcomes. Over 80% of China's total PG production in contributed collectively by four provinces, including Sichuan, Hubei, Guizhou, and Yunnan. By conducting an in-depth investigation to 18 representative companies involved in PG recycling allocated in these four provinces, the purpose of this study is acquired a comprehensive insight into the status quo of the development of PG recycling industry in China and its prevalent challenges. The results indicate that, first, recycled PG can be used in various applications, which predominantly encompassing in cement retarder, construction materials, engineering application, polymer materials, underground back filling, ecological restoration, sulfur acid, fertilizers, soil amendment, crafts, etc. Second, the key drivers behind the development of PG recycling industry include types of companies, technological innovation, products and markets, industrial policies, and geographical location. Third, the obstacles hindering the development of PG recycling industry include: a scarcity of innovative PG recycling companies; an absence of comprehensive technical evaluation standards and high-value technological breakthroughs; challenges in promoting PG-based products in the market; insufficient support from industrial policies; and the lack of geographical advantages contributing to sluggish industrial progress in specific regions. Fourth, the recommended corresponding solutions encompass: facilitating the transformation and upgrading of phosphorus chemical companies and promoting the coordinated development of PG recycling companies; instituting a technical evaluation standardized system and promoting high-value technologies; broadening the market channels and establishing a reproducible and scalable PG recycling industrial development model; accelerating the enhancement of industrial policies; and developing plans suitable for regional PG recycling industry based on local conditions.

Back to the Problem of Criminal Liability of Legal Entities: Two Views on the Problem (Using the Example of Environmental Crimes)

The authors examine the positions of supporters and opponents of introducing criminal liability for legal persons in the Russian Federation. They have summarized and evaluated the existing approaches to the problem, and present two views on the prospect of introducing the institute of criminal liability for legal persons using the example of environmental crimes. This choice is not accidental and is explained by a number of reasons. Firstly, the condition of the environment continues to deteriorate in spite of all undertaken efforts, which calls for new approaches to its protection, including through criminal law means. Secondly, it is necessary to understand that the greatest threat to the environment is posed by large companies working in the sphere of extracting, processing and using various natural resources — oil, gas, metals, chemical companies, agricultural holdings, energy and transportation companies, which all operate with the purpose is maximizing profits. Practice shows that they are responsible for the largest environmental disasters of the latest decades. Compared to them, the contribution of private persons to environmental pollution is negligibly small. Thirdly, the overwhelming majority of researchers specializing in the problems of criminal liability for environmental crimes support the establishment of criminal liability specifically for the violations of nature protection legislation. In spite of the differences in the opinions of authors regarding the necessity of establishing criminal liability for legal persons, they leave space for further discussions on the topic.

Pengaruh leverage, audit tenure dan ukuran perusahaan terhadap integritas laporan keuangan pada perusahaan sektor industri dasar dan kimia di BEI

The integrity of financial reporting refers to the accuracy and honesty with which financial information is presented. It is essential that all information about the company's financial position, performance and cash flows is accurate and reflects the company's circumstances, as the company is accountable to the users of financial reports, including investors and creditors. The integrity of financial reports is assessed using the market-to-book ratio, which measures the difference between the company's assessment and the market. This study aims to investigate the effects of leverage, audit tenure, and firm size on the integrity of financial reports through quantitative research. This research analyses the financial statements of Basic Industry and Chemical Sector companies listed on the IDX for the period of 2019-2021, using purposive sampling techniques and secondary data. Multiple linear regression analysis was conducted for estimating the relationship among variables. The findings indicate that leverage does not affect the integrity of financial statements, while audit tenure has a significant impact on the integrity of financial statements. Additionally, the study found that company size has a negative and significant effect on the integrity of financial statements.

Faktor Fundamental, Non Fundamental, Kinerja Perusahaan dan Good Corporate Governance sebagai Variabel Intervening

The phenomenon of fluctuating stock prices causes company performance to fluctuate, this is an interesting issue to research. The aim of this research is to identify fundamental and non-fundamental factors that influence company performance with Good Corporate Governance (GCG) as an intervening variable. The research population of basic & chemical industrial companies in 2019-2022, the sample that complied with the purposive sampling technique was 74 companies with 296 observational data processed using PLS to analyze the data. The results of the research analysis and discussion findings show that fundamental factors have a negative influence on Good Corporate Governance , fundamental factors have a negative effect on company performance, and Good Corporate Governance has an effect on company performance.
 Keywords: Company Performance; Fundamental Factors; Non-Fundamental Factors; GCG