
The AIChE 2014 Spring Meeting Keynote speaker, William Banholzer, retired Dow Chemical CTO, gave an insightful and wide-ranging address on the the state of technology changes for the future, and the chemical engineer's special capability to make sensible and better decisions for the direction of these changes, especially in the field of energy.

Observations from Banholzer's speech
A lack of technical understanding among the general public, and a sensationalist and "catastrophe-seeking" media can often lead to a focus on environmental issues that are of lesser importance, or lead to energy decisions or policies that are misguided. This can lead to a waste of resources. If chemical engineering judgment had been applied, billions of dollars could have been saved. Society doesn't benefit until the spark of invention is reduced to practice. Bucky balls are a fascinating chemical construct, but what are they good for, except for winning a Nobel Prize? A successful invention must meet the needs of the people in society in three ways: It must be what they want; it must be something they will pay for; and it must be something that can they afford. Bill's example: he can afford a $0.99 calculator app for his mobile phone, but he won't pay that; his son would pay for a Porsche, but can't afford it! Scale and feedstock costs are becoming more and more important in successful enterprise today. In the last 50 years, there have been few if any disruptive new (chemical) manufacturing processes. We have done a good job of optimizing the processes, with high energy integration (efficiency). Application of chemical engineering has reduced the cost of polyethylene by 90%. This success may make people think that engineers can do anything! The seven orders of magnitude improvements (reduction) in the energy of computations isn't possible in the chemical arena. Thermodynamics present limits, and experience usually offers a fourfold improvement in efficiency.
A few final thoughts:
- A mixture of valuable stuff isn't necessarily valuable.
- Separations costs in the chemicals industry are typically larger than the production/reaction costs.
- Don't forget your thermodynamics.
- Make sure that you draw the envelope large enough when doing your energy balance.
