If you’re a chemical engineer and want to discuss operating costs intelligently with your boss, you’ll need to understand a number of financial concepts, including gross margin, cost of goods, depreciation, allocation, and capital investment.Read the rest of this entry »
Water stress has just entered the urban-diagnostic-lexicon (“white flight” so last century, “nanny-cams” so last decade, “down market lifestyle drift”—that was a quick year): now, an inability to meet a city’s water needs has stealthly shifted from distant arid nations to parched urban centers. Typical income and performance status-anxieties now seem […]Read the rest of this entry »
There’s a lot of chemistry behind any dinner but last year the American Chemistry Society (ACS) put together this excellent video that features Diane Bunce, Ph.D., presenting The Chemistry of Thanksgiving to her students at The Catholic University of America (CUA) in Washington, D.C. Bruce is also an a associate […]Read the rest of this entry »
Tomorrow is a favorite American holiday among many and as we all know, the central theme is FOOD. How much of the food we eat on Thanksgiving has been influenced by science and chemistry? PopSci has put together an interesting photo gallery reviewing the genetic modification of the Thankgiving Dinner—everything […]Read the rest of this entry »
Attendees of the 2010 AIChE Annual Meeting who visited the exhibit area had an opportunity to win airfare to the 2011 Annual Meeting in Minneapolis, MN.
Bhanukiran Sunkara, a graduate student at Tulane University ,was selected as the winner. Congratulations to Bhanukiran.
See […]Read the rest of this entry »
In the last few posts, we’ve talked about various Financial Statements that companies are required by law to prepare and share with stockholders and government agencies. Your bo$$, of course, shows sensitivity to operating and production costs because he or she wants these Financial Statements to be favorable. In particular, in the last blog, we discussed Income Statements at length.
Do you think if a company shows a positive Net Income that they are free of all financial trouble?
A Cash Flow Statement, like the Income Statement, shows changes in money flow during a specific period of time: a month, quarter, or year, for example. (You’ll recall from an earlier post that the Balance Sheet is a snapshot in time, showing a “material balance” of Assets against Liabilities.) Cash Flow is easy to calculate.Read the rest of this entry »
Microprocessors are still years away from peaking, and already we’re rushing into a new age of invention. We embrace nano-technolgy’s most elegant component, the carbon nanotube and its rigorous atom lattice, to fulfill America’s sense of unlimited possibility. Back to the future to President Kennedy’s and Gene Roddenberry’s New Frontier—this time, beaming down to micro […]Read the rest of this entry »
I work for UOP, which—as our website states—has been delivering cutting-edge technology to the petroleum refining, gas processing, petrochemical, and major manufacturing industries for over 90 years. I work in Field Operating Services.
I am at my sixth location in the last 12 months—Taiwan, India, Japan, Spain, Taiwan again, and now Liaoyang, China. I love to travel and this job seemed like a good fit to feed that desire—but I never get to choose the location.Read the rest of this entry »
The recipient of this year’s Corporate Innovation Award is Genentech. Ahead of their award lecture, Dr. Ann Lee, senior vice president and head of global technical development for Roche and Jean Bender, Ph.D. and principal engineer at Genentech, had a few minutes to sit down with manager of technical programing for AIChE, Kristine Chin, to chat a bit about Genentech. You can watch this interview in the video panel on the right.Read the rest of this entry »
Upon moving to the Lehigh Valley in Pennsylvania after graduating from college, Elizabeth reached out to the organizations in which she participated in school as a way to meet new people and become grounded in her new surroundings. Elizabeth joined the Lehigh Valley section of AIChE and currently holds the […]Read the rest of this entry »