V2 OGL-Slickest Oil and Gas Trends 2022

JUNE 2022

N E W S

Industrial Lubricants

Market Report, 2019 ...

Integrity Energy

Services, LLC continues

its expansion into the

nitrogen ...

ClearSign Combustion

Corporation Receives

Engineering ...

48 52 56

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E D I T O R ‘ S N O T E

With new oil and

gas sector

developments,

the industry is

becoming more productive,

safer, and more knowledgeable.

As a result of this, organizations

are looking for new methods to

digitize, automate, and solve

difficult subsurface engineering

problems. Examples include

artificial intelligence (AI)

algorithms that provide oil

and gas firms a competitive

advantage as well as the ability

to boost productivity in the

oilfields. Robotics and data

management procedures are

also gradually being used,

resulting in a reduction in

human labor requirements.

A sample of 2,086 global

startups and scaleups was

studied by the data science

firm StartUs Insights to

provide a strategic overview of

developing technologies and

trends in the oil and gas sector.

The report revealed the top 10

trends in the industry.

One of the most important

developments in the oil

and gas business is the

convergence of IoT and AI.

Predictive maintenance,

big data analytics, cloud

computing, and manufacturing

execution systems all help to

increase operational efficiency

Slickest Oil &

Gas Trends

by providing access to critical data management and analysis

capabilities.

Furthermore, AI may be used to automate oil rigs and improve

imaging procedures for oil wells. Additionally, oil and gas startups

are working on blockchain technologies to provide visibility

and accountability across the whole oil and gas supply chain.

Finally, augmented and virtual reality technologies increase

worker safety and allow for remote operations and virtual training,

which is especially beneficial for distant workers.

In order to improve operational efficiency and worker safety

while cutting costs, the oil and gas sector uses these various

developments and trends. With drones and predictive

maintenance, inspecting offshore rigs and onshore equipment

has become simpler. As a result, digital twins allow engineers

to remotely control and monitor distant equipment. Companies

in the oil and gas industry may better prepare for the future by

implementing these cutting-edge technologies into their day-today

operations.

4

C O N T E N T S

8

CBK Hardware Advocates an

Eco-friendly Solution ...

24

Lg Launches New Virtual

Platform For Air Solution ...

28

Slickest Oil & Gas Trends

v

60

The Ecological Significance Of

Biomass

68

3 Things Fast-Growing

Engineering Companies Do

Right

76

Flexible Working for Industrial,

Tech, Construction ...

48

Industrial Lubricants Market

Report, 2019 ...

84

Scientists Still Relentlessly

Working ...

52

Integrity Energy Services, LLC

continues its expansion ...

92

$871 Million Inspection

Machines (Pharmaceutical,

Medical Device) Opportunities

56



Engineering ...

6

100

Johnson & Johnson

Announces Data to Support ...

FEATURE STORY

CBK Hardware Advocates an Ecofriendly

Solution, Dyson Hand

Dryers

CBK Hardware promotes eco-friendliness this World Environment Month with its Dyson Airblade

hand dryer offerings. Learn more about these products here.

June is World Environment Month, and as CBK Hardware advocates eco-friendly building

design and construction, it promotes its Dyson Airblade hand dryer offerings.

Today, architects and engineers are mindful that building construction significantly impacts

the environment. Their building activities can harm their surroundings, contributing to the

longstanding global issue of climate change.

Therefore, contemporary building and design professionals advance sustainable and

environment-friendly or “green” design for commercial structures like office buildings,

hospitals, restaurants, and shopping malls.

But there is one aspect of the building premises that harms the environment, that is the use

of toilet papers. Imagine all restaurants, hotels, and office buildings are using toilet papers

and it causes damaged due to the waste that it produces every year.

Manila, Philippines-based home and office equipment solutions provider CBK Hardware

offers Dyson Airblade Hand Dryer models and wants to remind its customers about these

solutions this World Environment Month.

How toilet paper waste hurts the environment

Did you know that the average person uses about 100 sheets of toilet paper per day? Multiply

that by the number of people in the world, and you get a lot of wasted TP. But what might

surprise you is that toilet paper waste isn’t just an inconvenience; it’s actually harming the

environment. The truth is that toilet paper waste can take a toll on the environment for a few

reasons. For one, it takes up a lot of space in landfills. In addition, the process of making toilet

paper – from cutting down trees to producing the final product – creates greenhouse gases

that contribute to climate change.

How to reduce the environmental impact of toilet paper

CBK Hardware has the solution to lessen the environmental impact of toilet paper waste by

using Dyson Airblade. Dyson Airblade is a great alternative to dry your hands while protecting

the environment.

8

So next time you’re reaching for a roll of toilet paper, think about how your choice affects the

planet.

5 REASONS WHY DYSON HAND DRYERS ARE RECOMMENDED

Paper towels have been used in bathrooms since the early 1900s. These hand hygiene

materials allow fast drying of hands

Moreover, paper towels prevent the spread of harmful bacteria, with people using them to

completely dry and clean their hands after washing them with soap and water.

Nonetheless, paper towels’ use has resulted in questions about their human hygiene effects,

cost, and safety for the environment over the years.

Researchers discovered that using paper towels as hand-drying materials can create hygiene

problems beyond the restroom since dispensers may be found empty, leaving no way to dry

hands.

This moment can lead to bacteria and virus dissemination from wet hands. Additionally,

buying paper towels can be expensive for businesses’ operations as it adds to the costs.

Researchers discovered these hand-drying materials are hazardous to the environment.

After all, most used paper towels are not recycled. This scenario creates waste, and the

hand-drying materials discarded often goes into landfill.

Dyson is a multinational technology company that has manufactured household appliances

since 1991. Its engineers ended undesirable 20th-Century hand hygiene practices by putting

inferior-performing hand-drying techniques like paper towels to rest in 2006. That year is

when Dyson engineers introduced the Airblade technology.

Here are some of the Dyson Products that may be suitable for your building or establishments:

9

Saving

lives

every day

Part of Blue Ocean Robotics

FEATURE STORY

#5 Dyson Westinghouse Airblade Hand 30” Dryer Turbo

Swirl White Ceiling DYAB14W Fan (Light Maple)

Another

This is the

variation

Dyson

of

Airblade

Westinghouse’s

dB hand

turbo

dryer.

swirl

ceiling

Every

fan

second,

features

it

a

forces

light maple

up

finish

to 30

that

litres

works

of

beautifully

HEPA-filtered

with

air

a woodier

through

exterior.

apertures

Just like

up

its

to

fellow

0.8 mm

variations,

wide. Creating

this ceiling

690

fan

km/h

works

sheets

perfectly

of

for

air that

smaller

dry

rooms

hands

without

quickly

taking

and hygienically.

up too much

electricity.

Dyson Airblade hand dryers produce up to

Price:

85% less

Php 6,000

CO2 than some other hand dryers

and up to 85% less than paper towels.

Click here to buy on Lazada

Click

The Dyson

here to

Airblade

buy directly

dB

from

hand

the

dryer

distributor

is made

from tough and durable ABS polycarbonate.

#6 Westinghouse 56” Industrial

Ceiling Fan (White)

It’s been repeatedly tested to withstand

the pressure of high footfall, high usage

washrooms.

If you are looking for an enormous ceiling fan to cool

more Dyson extensive Airblade areas, this industrial Wash+Dry ceiling fan might

work best for you. Despite its size, Westinghouse

created

DYAB09

this ceiling fan to be extremely quiet while

making it strong enough to power cafeterias, coffee

shops,

Airblade

restaurants,

technology

and covered

in a tap.

courts.

Price:

Wash

Php

and

5,800

dry hands at the sink.

Click

Proven

here

hygienic

to buy on Lazada:

by independent testing: All

Click

Dyson

here

Airblade

to buy directly

hand

from

dryers

the

undergo

distributor

rigorous

testing by Dyson. The impact of drying hands

has been tested in universities and published in

international journals.

Dyson Airblade hand dryers can save you

money. Running costs are up to 86% less than

other hand dryers and up to 99% less than

paper towels.

#7 Westinghouse 42” Alloy

Ceiling Fan (Black/Graphite)

The blades on this ceiling fan span 105 cm wide

while producing powerful airflows incomparable

to traditional electric fans. This ceiling fan also

offers two rotational directions, with three

adjustable speeds by a chain for convenience.

BENEFITS OF DYSON AIRBLADE TO OUR ENVIRONMENT

Price: Php 7,800

Builders and designers supporting the construction of eco-friendly or “green” structures are

recommended to try the Dyson Airblade hand dryer

Click

models

here to

because

buy on Lazada

they are:

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12

Dyson #8 Westinghouse Airblade 52” 9kJ Swirl hand

dryer Ceiling Fan (Satin Brass)

Fast If you energy-efficient are looking for a classier HEPA-filtered look to add hand to your

dryer. luxurious lifestyle, this ceiling fan might be the

perfect choice for you. Its large blades make it an

All ideal Dyson addition Airblade to your hand bedroom, dryers dining undergo room, or

rigorous living room. testing Accompanying by Dyson. these The stylish impact blades of are

drying four remote-controlled hands has been light tested bulbs. in universities

and published in international journals.

Price: Php 9,000

Dyson’s powerful digital motor spins at

75,000 Click here rpm to to buy shift on 23 Lazada litres of air a second,

for Click a 10-second here to buy dry directly time7 from in Max the distributor mode.

A) #10 ENVIRONMENT-FRIENDLY

Westinghouse 30” Turbo

Swirl Ceiling Fan

Dyson #9 Westinghouse Airblade V 42” DYAB12

Contempra Trio Ceiling Fan

(Oil Rubbed Bronze)

Dyson Airblade hand dryers produce up to

85% less CO2 than some other hand dryers

and Accompanying up to 85% less this than powerful paper ceiling towels. are three

light bulbs to serve as your main light for the

Dyson larger Airblade rooms in V your features house. capacitive A beautiful sensors walnut

to or automatically dark cherry finish turn coats the HEPA-purified these blades to match air on

and your off brown as hands carpet enter or any the sensing wooden furniture zone. in

your home.

The Dyson Airblade V hand dryer in Nickel, has

an Price: antibacterial Php 7,600and antiviral additive proven to

reduce proliferation of bacteria and virus4 on its

fascia/surface Click here to buy material. on Lazada


The Dyson Airblade hand dryers work fast, resulting in fewer carbon dioxide emissions.

Additionally, Capping this these list off high-efficiency is another turbo particulate ceiling fan air or HEPA-filtered equipment are energy-efficient,

using known merely for its 10.7 strong kilojoules airflow in of larger energy rooms. per dry, This or 30-percent less energy.

ceiling fan comes with an easy-to-understand

The manual Dyson that Airblade would help 9kJ you hand install dryer this is fan the in most an energy-efficient model with a powerful digital

motor instant. that dries hands quickly.

Aside Price: Php from 7,000 having low environmental effects across measures, including minimal energy

consumption and carbon emissions, the Dyson Airblade hand dryers are the only hand hygiene

equipment Click here to the buy Carbon Lazada Trust certified.


13

FEATURE STORY

The latter is an international group that provides solutions to the global climate change

crisis and supports organizations worldwide as they accelerate towards Net Zero or zero

greenhouse gas emissions.

On the other hand, paper towels constantly need to be produced and transported to

consumers. They require energy with every use for their production, transportation, and

disposal.

Paper towels also cause extra maintenance through blockages and mess. As environmentally

harmful waste, they eventually take up space in landfills.

B) HYGIENIC

Besides caring for the environment by supporting buildings’ eco-friendly or “green” design and

construction, the Dyson Airblade hand dryers promote proper hand hygiene.

Makers of these solutions understand that damp hands can spread up to 1,000 times more

bacteria than dry hands.

Moreover, they are mindful that viruses and bacteria deposited by human hands onto surfaces

can survive for several hours and are transferrable when others touch these contaminated

surfaces.

Thus, the Dyson Airblade hand dryers were designed to have HEPA filters installed as

standard. This advantage captures 99.95 percent of particles, including bacteria and viruses.

The HEPA filters also facilitate drying hands with clean and unpolluted air.

C) STATE-OF-THE-ART

The Dyson Airblade hand dryers feature touch-free operation and are sophisticated. The

Dyson digital motor V4 is powerful and compact, utilizing digital pulse technology.

Meanwhile, other brands use conventional motors that are sluggish and can be inefficient as

they depend on old-fashioned carbon brushes that wear out over time.

D) COST-EFFECTIVE

Building owners and entrepreneurs usually prefer low-cost but high-quality hand-drying equipment.

Furthermore, they want these machines to be affordable to maintain and last for a long time.

The Dyson Airblade hand dryers are reasonably priced and facilitate more significant savings

for buyers. Furthermore, users can relish up to 99 percent less cost than running paper towels.

The Dyson Airblade hand dryers are engineered to last. Developers of these hand hygiene

solutions expose these technologies to real-life environments to make sure they can withstand

high usage pressure.

E) TIME-SAVING

High-traffic environments were the prime consideration of the Dyson hand dryers’ developers

when they engineered these machines.

Employees, customers, and other people going to these places can relish the exclusive Dyson

technology that enhances entrepreneurs’ business environments, making them safe for people

and the environment.

Users can also save more of their precious time. After all, the Dyson hand dryers like the Dyson

Airblade V, Dyson Airblade Wash+Dry, and Dyson Airblade 9kJ take as fast as 10 to 14 seconds

in completely drying hands.

They are hygienically drying hands in buildings that house offices and commercial establishments

are as important as washing them.

Using the eco-friendly Dyson Airblade hand dryers versus paper towels to fully dry hands certainly

benefits people and the environment.

This World Environment Month, CBK Hardware recommends these eco-friendly, hygienic, stateof-the-art,

cost-effective, and time-saving hand-drying machines to building developers and

business owners because they promote their stakeholders’ overall well-being.

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FEATURE STORY

Co Ban Kiat Hardware, Inc.

Ground Floor, Cobankiat Building II

231 Juan Luna St. Binondo Manila, Philippines.

Phone +632 8243-1931

Phone +632 8242-6925

Phone +632 8894-6561 & +638-272-931-981

Email info@cobankiat.com.ph;

ind@cobankiat.com.ph

Coby’s Design Center

Unit 467 level 4 Shangri-La Plaza

Edsa Corner Shaw Boulevard

Mandaluyong City, Philippines

Phone +632 86364895

Where to Buy?

For 100 over years, 100 years, Co Ban Co Kiat Ban Hardware Kiat Hardware Inc. is the Inc. most has trusted been distributor the most trusted of home distributor improvement of home and

hardware improvement items and in the hardware Philippines. items in the Philippines.

Let’s shop wisely. #StayAtHome and and order order online online at your at your convenience. convenience. Visit us Visit in the us following on the sites

and following enjoy sites deals, and discounts, enjoy deals, and more! discounts, and more!

Lazada Store:

Lazada Store: https://www.lazada.com.ph/shop/co-ban-kiat-hardware-inc/

Website: https://shop.cbkhardware.com/

Website: https://www.cbkhardware.com/

Facebook: https://www.facebook.com/cbkhardware/

Facebook: https://www.facebook.com/cbkhardware/

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Join our Fast Growing Viber Community http://%20https//bit.ly/3ebeCXU

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20

About CBK Hardware

For almost over one a hundred years, a a family’s surname has has become become synonymous to the with country’s the country’s biggest

hardware biggest hardware supply company. supply company. Co Ban Kiat Co Hardware Ban Kiat Incorporated, Hardware Incorporated of the Cobankiat of the family Cobankiat has a regular family

client has a network regular of client more network than 1,500 of industrial more than organizations; 1,500 industrial 1,600 organizations, traditional community 1,600 traditional hardware

stores, community and 584 hardware home building stores, specialty and 584 chain home of stores building across specialty Luzon, Visayas chains and of stores Mindanao. across This Luzon evergrowing

Visayas conglomerate and Mindanao. traces This its humble ever-growing roots to Manila conglomerate Chinatown, traces as a its pioneer humble enterprise roots to started Manila by

family’s Chinatown, patriarch, as a Mr. pioneer Cobankiat enterprise in 1920. started Despite by the the ruins family’s of World patriarch, War II, Mr. the Cobankiat, business goes in back 1920. to

its Despite feet in the 1948, ruins rebuilding of World a War storefront II, the from business the very got same back spot to its where feet in it was 1948, known rebuilding for three a storefront decades.

from the very same spot where it was known for three decades.

This ever-growing conglomerate traces its humble roots to Manila Chinatown, as a pioneer enterprise

started While the by family’s Filipinos patriarch, continued Mr. to Cobankiat rebuild their in 1920. lives post-war, Despite the CBK ruins Hardware of World saw War the II, the opportunity business

goes to introduce back to its the feet retail in 1948, concept rebuilding once unheard a storefront of in from the the hardware very same industry. spot where Cobankiat it was known Hardware for

three brought decades. the first DIY business in Asia. The Hardware Workshop Store is the fruit of this endeavor.

CBK Hardware further cemented its legendary distribution channel with the creation of Coby’

While Design the Center Filipinos in Edsa continue Shangri to rebuild La in 1996, their a lives specialty post war, store CBK that Hardware caters to the sees discriminating the opportunity taste to

introduce of modern the Filipinos. retail concept once unheard for in hardware industry. Cobankiat Hardware brought the

first DIY business in the Asia. A do it on yourself concept that created Cobankiat hardware in the

Philippines. In 1997, Mr. The Johnny Hardware Cobankiat, Workshop the Store 4th is generation the fruit if this Cobankiat endeavor. leader, CBK Hardware set another further milestone cemented for

its the legendary company distribution when he brought channel the with franchise the creation of Ace of Coby’ Hardware Design USA Center to the in Philippines Edsa Shangi and La in signed 1996,

a up specialty CBK Hardware store that caters as one to of discriminating its major suppliers. taste of modern This further Filipinos. expanded into delivering quality

world-class products nearer to families of Filipino overseas workers in the countryside.

In 1997, Mr. Johnny Cobankiat, the 4th generation Cobankiat leader, set another milestone for the

company A century’s when excellence he brings can a franchise quickly pass, of Ace and Hardware guided USA by the to the vision Philippines, to be the and largest signs network up CBK

Hardware supplier of as the one biggest of its global major brands suppliers. in the This hardware further expanded industry, CBK into Hardware delivering resolves quality world to source class

products the best products nearer to families to supply of its Filipino customers overseas anytime workers and in the every countryside. time.

A century’s excellence can quickly pass, and guided by the vision to be the largest network supplier of

the biggest global brands in the hardware industry, CBK Hardware resolve to source the best products

to supply its customers anytime and every time.

21

FEATURE STORY

LG Launches New Virtual

Platform For Air Solution

Technology

The LG HVAC Virtual Experience Provides Visitors with the Opportunity to Explore a Wide Range of

Residential and Commercial Solutions

As consumers and business have looked to online recourses to help influencer their purchase

decision, virtual experiences have become a key trend. In light of this, LG Electronics

(LG) Home Appliance & Air Solution Company has opened a new online showroom,

LG HVAC Virtual Experience. Utilizing the latest in digital technology, this interactive

online showroom lets visitors get to know LG’s diverse range of residential and commercial indoor

environmental solutions from the comfort and safety of their homes.

The showroom delivers an intuitive, virtual experience that lets visitors view the compa-ny’s latest

solutions in a variety of virtual environments to learn about the benefits they provide, such as greater

comfort, improved indoor air quality and seamless control, all important in helping customers make

informed and important decisions for the family or employees.

24

Upon entering LG HVAC Virtual Experience, visitors can choose from a range of busi-ness and living

space categories: Residential Apartment, Residential Villa, Office Gen-eral, Office High-Rise, Retail

and Hotel. Customers can roam the 3D environments freely using their mouse or touchscreen. Menus

offer additional information on every model, including specifications, features, product videos and case

studies. Simple to use and navigate, LG’s new virtual platform is a great tool for consumers, industry

profes-sionals and partners looking to create healthier and more comfortable indoor spaces.

What’s more, the virtual showroom allows visitors to see the behind-the-scenes details and technologies.

Press the onscreen Airflow and Piping buttons to see how air travels in an air conditioner or air purifier

and how pipes direct water and refrigerant through a system. Virtually switch operational modes and

observe how airflow changes from one air conditioner to another. Beyond the technology and science,

the showroom is also a great place to check out all the products’ stylish designs to see how they match

various virtual interiors.

LG HVAC Virtual Experience is an open, engaging online resource that will give visi-tors a thorough

understanding of LG’s latest, optimized HVAC solutions for all kinds of spaces, helping them figure out

which products are best suited to their specific needs.

Visit LG Virtual HVAC Experience to discover the company’s latest indoor environ-mental comfort

technologies on your PC or smartphone.

About LG Electronics Home Appliance & Air Solution Company

The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home

solutions, air quality systems as well as visionary products featuring artificial intelligence. The company

is creating total solutions for the home with its industry leading core technologies and is committed

to making life better for consumers around the world by developing thoughtfully designed kitchen

appliances, living appliances and air solution products. Together, these products deliver enhanced

convenience, superb performance, efficient operation and compelling health benefits. For more

information, visit www.LG.com.

25

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Premium Performance

The Future of

Reclamation Monitoring

Interactive map of surface water depth. Users

can click on any point to query depth.

The Environmental Footprint Monitoring Platform is ideal for managing oil and gas reclamation activities.

It uses very-high-resolution satellite imagery to identify areas of interest and focus ground testing where

it is needed most. Archival imagery allows the user to look back at the history of environmental health

iand results are delivered through an online portal, accessible at anytime. For more information, visit:

www.footprintmonitoring.com

Proven Experience. Trustred Expertise. Innovative Solutions.

Saskatoon - Regina - Shaunavon - Calgary - St. Albert - Grand Prairie - Winnipeg - Thunder Bay

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28

As we go through 2022, many oil and gas (O&G) businesses

are attempting to reimagine their business models by

adopting capital discipline, concentrating on financial

health, and committing to climate change. The sector has

only begun its transformation path, and merely managing or riding

oil price cycles are no longer viable solutions. Here are the slickest

trends to watch.

29

C O V E R

S T O R Y

Top 10 Oil and Gas Trends for 2022

1. Internet of Things (IoT)

Using the Internet of Things (IoT), the oil and gas business is able to enhance

output, optimize equipment, maintain worker safety, and keep tabs on outlying

locations. Blowout preventers (BOPs), choke valves, and wells may be equipped

with real-time sensors to capture data in the event of an oil spill. With this data,

O&G start-ups can pinpoint the problem fast, allowing field engineers to anticipate

and respond rapidly. Industry-specific IoT solutions may help oil and gas facilities

save money while increasing their ability to monitor and control equipment or

processes.

2. Artificial Intelligence

Upstream, midstream, and downstream operations in the oil and gas sector are

increasingly using artificial intelligence (AI) and data science to address challenging

challenges. Predictive, prescriptive, and cognitive analytics are all made possible

by AI-enabled systems. Thus, artificial intelligence may assist petroleum engineers

and industry managers in identifying and putting into action fresh ideas for field

exploration and production that will boost return on investment (ROI).

3. Big Data & Analytics

The oil and gas business generates a lot of unstructured data on a daily basis.

Big data platforms aid data analysts in gaining insights from production and

performance data. Engineers that want to improve output while simultaneously

ensuring reservoir safety would benefit from this. Using data from prior operations

may help train and evaluate AI-based algorithms and models. With the use of big

data analytics, the oil and gas sector is able to minimize operating expenses and

the industry’s carbon emissions by making more informed choices.

4. Robotics & Automation

Oil and gas operators are often exposed to a considerable danger of injury or

death while on the job. The oil sector is using robots and automation technologies

to improve worker safety and operational speed in order to mitigate this risk.

Robots may also be used in oil rigs and refineries for inspection, surveying, and

industrial automation. The use of robotics and automation increases productivity

by minimizing the need for human intervention and, as a result, lowering the risk

of human mistakes.

32

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36

37

38

39

40

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Brandon

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C O V E R

S T O R Y

5. 3D Modeling and Visualizations

Using 3D modeling techniques and highquality

visualizations, it is possible to

accurately represent subsurface reservoirs

and other O&G equipment. The production

and injection stages of a reservoir’s lifespan

can be accurately simulated using 3D

modeling and historical production data.

This aids in the anticipation of dangers to

the reservoir’s security. This information also

helps oil and gas engineers better plan

their operations and output. In addition, 3D

modeling and visualization decrease costs

and hazards while boosting oil & gas assets’

efficiency.

6. Cloud Computing

It is possible to store and analyze data

remotely, freeing up costly local memory and

computational resources, thanks to cloud

computing. The oil and gas business creates

large volumes of data on a daily basis. With

cloud technology and software applications,

the digital transformation of the oil and gas

industry is made easier. There are several

cloud-native technologies, including as-aservice

platforms, which allow for extensive

analytic capabilities and visual dashboards,

as well as the ability to access real-time

information from anywhere in the world.

7. Virtual and Augmented Reality

AR/VR, mixed reality (MR), and augmented

reality (AR) are all forms of immersive

technologies (XR). Oil and gas companies

benefit from the increased efficiency and

decreased risk of equipment, tool, and

component failures that reality tech-based

solutions provide. The exploration and

production (E&P) industry, for example,

uses virtual reality technologies for remote

monitoring, downhole imaging, and training.

Wearables and smartphone notifications are

also being used by O&G startups to facilitate

human-machine interactions.

8. Manufacturing Execution

Systems (MES)

MES brings together manufacturing facilities,

operational technologies like SCADA, and

computer systems to govern the production

process. Because oil and gas equipment

production processes are so intricate,

engineers are always looking for better

ways to keep track of and manage the everchanging

operations.

9. Predictive Maintenance

Predictive operations, combined with software

platforms, enable O&G operators to foresee

possible failures by providing detailed

component representations. Predictive

maintenance may be used at all stages of the

supply chain, including upstream, midstream,

and downstream. These solutions enhance

security, increase the lifespan of equipment,

and lower the expenses of operations and

maintenance.

10. Blockchain

Oil and gas records and activities may benefit

greatly from the security and transparency

provided by smart contracts. Contractors,

workers, and smart contracts are all verified

and kept up to date via distributed ledgers.

Blockchain also enables oil and gas firms to

automate invoicing, post-trade settlements,

joint venture accounting, and other processes.

44

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NEWS

Industrial Lubricants Market

Report, 2019 - World Market Set to

be Valued at $29.79 Billion by 2025

The global industrial lubricants market

is expected to grow at a CAGR of 6.4%

from 2019 to reach $29.79 billion by

2025. Moreover, in terms of volume,

the market is expected to grow at a CAGR of

2.3% from 2019 to reach 18,473.5 thousand

tons by 2025.

The factors such as growing automation

in end-use industries and strong industrial

growth in emerging economies are driving

the growth of the global industrial lubricants

market. Moreover, increasing demand for

eco-friendly lubricants offers significant

growth opportunities for this market. However,

stringent regulations and high cost of synthetic

lubricants hinder the growth of this market.

gear oil, compressor oil, grease, turbine,

and others), industry (construction & mining,

metal production, cement & chemicals, power

generation, oil & gas, food & beverages,

general manufacturing), and geography. The

study also evaluates industry competitors and

analyzes the market at a regional and country

level.

On the basis of lubricants type, the hydraulic oil

segment is estimated to account for the largest

share of the overall industrial lubricants market

in 2019. The large share of this segment is

mainly attributed to growing demand from enduser

industries, specifically from construction

and mining; and its low cost as compared to

other types of industrial lubricants.

The global industrial lubricants market study

presents historical market data in terms of

value and volume (2017 and 2018), estimated

current data (2019), and forecasts for 2025,

by type (hydraulic oil, metalworking fluids,

Based on industry, the power generation

industry is estimated to command the largest

share of the overall industrial lubricants market

in 2019. This is mainly attributed to increasing

urbanization and growing population, growing

48

demand for electricity, steady economic

growth, rising number of power generation

plants, and an increase in the number of

industries in emerging economies.

An in-depth analysis of the geographical

scenario of the industrial lubricants market

provides detailed qualitative and quantitative

insights about the six major geographies

(North America, Europe, Asia-Pacific, Latin

America, Middle East, and Africa) along

with the coverage of major countries in each

region. Asia-Pacific region commanded the

largest share of the global industrial lubricants

market, followed by North America, Europe,

Latin America, the Middle East, and Africa.

The large share of this region is mainly

attributed to growing economy; rapid

growth in industrialization and infrastructural

developments; rising private and government

investments; cost-effective manufacturing

operations; availability of cheap skilled labor;

and presence of a large number of lubricant

manufacturers.

The key players operating in the global industrial

lubricants market are Shell International B.V.,

Exxon Mobil Corporation, BP P.L.C., Chevron

Corporation, Total Lubrifiants, China National

Petroleum Corporation, China Petroleum &

Chemical Corporation (SINOPEC CORP.),

LUKOIL, FUCHS PETROLUB SE, Idemitsu

Kosan Co. Ltd., Klber Lubrication, Hindustan

Petroleum Corporation Limited, Eni S.P.A., The

Lubrizol Corporation, and Morris Lubricants

among others.

Global Industrial Lubricants

Market, by Type

5.1. Introduction

5.2. Hydraulic Oil

5.3. Metalworking Fluids

5.4. Gear Oil

5.5. Compressor Oil

5.6. Grease

5.7. Turbine Oil

Global Industrial Lubricants

Market, by Industry

6.1. Introduction

6.2. Construction & Mining

6.3. Metal Production

6.4. Cement & Chemical

6.5. Power Generation

6.6. Oil & Gas

6.7. Food and Beverages

6.8. General Manufacturing

Company Profiles

9.1. Morris Lubricants

9.2. The Lubrizol Corporation

9.3. Eni S.P.A.

9.4. Hindustan Petroleum Corporation Limited

9.5. Idemitsu Kosan Co., Ltd.

9.6. Lukoil

9.7. China Petroleum & Chemical Corporation

(Sinopec Corp.)

9.8. Total Lubrifiants

9.9. Shell International B.V.

9.10. Exxon Mobil Corporation

9.11. BP P.L.C. (Castrol)

9.12. Klber Lubrication Mnchen Se & Co. Kg

(Subsidiary of Freudenberg Group)

9.13. FUCHS PETROLUB SE

9.14. China National Petroleum Corporation

9.15. Chevron Corporation

49

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Integrity Energy Services, LLC

continues its expansion into

the nitrogen services market

OFS Energy Fund (“OFS”) is pleased

to announce that Integrity Energy

Services, LLC (“Integrity” or the

“Company”), a Fund III portfolio

company, completed the acquisition of

Vanguard Energy Services LLC (“Vanguard”)

on September 4, 2019. Vanguard offers

nitrogen pumping and delivery services to

the upstream, midstream, and downstream

energy markets and will provide Integrity with

additional assets, customers and management

expertise to continue its growth in the nitrogen

services market.

Integrity, based in Houston, Texas, provides

specialty pumping services as well as

flowback services to the energy industry.

The Company is comprised of three distinct

divisions including: (1) nitrogen services, (2)

pressure pumping services, and (3) flowback

services. The operations are primarily focused

in west Texas, but extend to other parts of

Texas as well as Louisiana.

Integrity was formed in July 2016 as a whollyowned

subsidiary of Conquest Completions

Services, LLC (“Conquest”). Conquest was

a portfolio company of OFS that was sold in

July of 2017, and in conjunction with the sale

Integrity was spun off from Conquest into a

standalone entity and a new platform company

for OFS. Prior to the close of Vanguard, Integrity

completed three additional acquisitions: (1)

asset purchase of Stellar Nitrogen & Pumping

52

Services, LLC in Q1 of 2017, (2) asset purchase

of CETO Energy Services LLC in Q3 of 2017,

and (3) asset purchase of PADCO Pressure

Control, LLC/PADCO Energy Services, LLC

out of bankruptcy in Q3 of 2018.

“OFS Energy Fund is excited to further

support Integrity’s growth,” said Bruce Ross,

OFS Managing Partner. “Integrity is positioned

to continue its growth in the nitrogen services

market and build relationships across all

upstream to downstream markets.”

“The acquisition of Vanguard provides Integrity

with additional assets and management

breadth at a time when the Company is further

expanding its foothold into the downstream

market,” said Robert Whilden, OFS Managing

Director. “Over the course of the past twelve

months, Integrity has completed several large

LNG projects, which has provided Integrity with

a solid market presence in the downstream

market.”

About OFS Energy Fund

recapitalizing lower middle-market energy

service companies. OFS seeks to provide

capital to business owners in the form of

buyouts, recapitalizations, and growth

equity investments. The Fund supports the

development of management, appropriate

governance, professionalization of reporting,

and tracking of operating metrics to support

successful geographic and operational

expansion. OFS currently has in excess of

$300.0 million of committed private equity

capital under management across Fund II and

Fund III.

About Integrity Energy Services,

LLC

Integrity Energy Services, LLC is a nitrogen,

pump down, and flowback services provider to

the oilfield services industry. Integrity provides

its services to the upstream, midstream, and

downstream markets in west Texas, south

Texas, Louisiana and Oklahoma.

Houston-based OFS Energy Fund is a private

equity firm that specializes in acquiring and

53

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NEWS



Engineering Order from Exxon

Mobil Corporation

ClearSign Combustion Corporation

(Nasdaq: CLIR) (“ClearSign” or the

“Company”), an emerging leader in

industrial combustion technologies

that improve energy and operational efficiency

while dramatically reducing emissions,

announces that the company has received a

Purchase Order from ExxonMobil to perform

early engineering and installation planning

regarding a trial installation of the company’s

ClearSign Core process burners at one of their

Gulf Coast refineries.

This order is the next step in the process for

the Company to showcase ClearSign Core

technology’s best-in-classNOx emissions and

for ExxonMobil to assess applicability across

its process heater fleet. The engineering

follows the previously announced qualification

program that the Company performed at their

State-of-the-Art Seattle R&D facility. That

testing was an evaluation over a broad range

of typical conditions, including variations in

fuel heating values, turndown, and excess air.

56

“We are delighted and encouraged by this

highly significant order, and the ongoing

engagement and interest from ExxonMobil,”

said Jim Deller, Ph.D, CEO of ClearSign. “This

engineering order is one of the final steps

prior to qualifying our ClearSign Core process

burner technology for use in an ExxonMobil

refinery, and is a significant milestone for our

company in the process of demonstrating our

technology with a supermajor at their facility.

This is a culmination of months of thorough

evaluation and coordination between our

team and the Research and Engineering team

at ExxonMobil. The specific site and location

has been selected and we look forward to

continuing to support ExxonMobil’s evaluation

of our ClearSign Core technology.”

About ClearSign Combustion

Corporation

ClearSign Combustion Corporation designs

and develops products and technologies for

the purpose of improving key performance

characteristics of combustion systems,

including operational performance, energy

efficiency, emission reduction and overall costeffectiveness.

Our patented technologies,

embedded in established OEM products as

ClearSign Coreä enhance the performance

of combustion systems in a broad range of

markets, including the energy (upstream

oil production and down-stream refining),

commercial/industrial boiler, chemical,

petrochemical, and power industries.

57

N E W S

S T O R I E S

The Ecological

Significance Of

Biomass

Being eco friendly and sustainable

is all about using natural resources

in a wise way. Selecting renewable

materials instead of diminishing

resources is one of the top priorities on

the global agenda for combating climate

change.

Biomass is one of those inexhaustible and

renewable resources that are omnipresent

throughout the world. It basically uses the

energy stored in plants and organic matter

throughout their lifecycle, transforms it

into usable energy and literally helps the

world by eliminating waste while being

productive. As long as we have access

to this renewable source, we have a way

to generate energy that would ensure us

a sustainable future.

For thousands of years, people have used

biomass as a source of energy. In 1770, all

U.S. energy came from a single renewable

source, wood. And in 2018, only 8% of

total energy consumption came from

renewable resources. According to the

International Renewable Energy Agency,

solid biomass from forests, farms, and

cities as an energy source for heat and

power generation could account for a

fifth of the global energy consumption by

2050.

Biomass has considerable ecological

advantages. Below are the main

advantages of using biomass as a

renewable energy source.

Biomass reduces excessive

dependence on fossil fuels.

Around the world, we depend on fossil

fuels to generate energy for industrial

60

processes, transportation, and daily use.

Since the Industrial Revolution, we are on

the way to absolute exhaustion of these

non-renewable resources. The burning of

fossil fuels, which have been trapped in

the earth’s crust for hundreds of millions of

years, releases greenhouse gases such

as carbon dioxide into the atmosphere.

Fortunately, the latest technologies can

convert biomass into energy. We have

found ways to maximize their potential,

and as a result, the entire energy needs

of humanity could be met by biomass.

Therefore, the willingness to move

away from the currently declining nonrenewable

energy sources, such as

fossil fuels, is a question of commitment.

However, it is very important to ensure

sustainable forestry, to control harvesting

so as not to disturb the fuel/food balance,

and to make use of biomass waste as a


Biomass is considered a


Biomass is the biological source of energy.

It includes wood and waste from wood

processing, agricultural crops and waste

products, food waste, animal manure,

and human sewage. Forest biomass -

also known as woody biomass is wood

and wood waste. Woody biomass is the

most commonly used type of biomass for

energy production. Instead of going to

landfills, wood waste can be used as fuel.

The energy released during the

combustion of biomass can be converted

into heat or electricity. Industrial Boilers

America is one such company that offers

solutions for biomass heating systems

that use alternative energy sources such

as corn husks, bagasse, palm fibers,

wood or other waste. The use of biomass

in heating systems is used in

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many different types of buildings and

has different purposes. The company’s

solutions include cogeneration systems,

which are very useful for generating

power from wood waste, with the heat

being generated as a by-product of the

power generation system.

Biomass helps to eliminate the

waste of our planet.

The organic waste ends up damaging

ecosystems and has negative effects on

human health and instead, it could be used

to produce energy and other products.

Food waste affects the availability of

food for other people and is a waste of

natural resources. On the other hand, by

converting food remains into energy, we

eliminate waste from our environment.

Organic waste also includes non-edible

sources, including livestock manure,

agricultural and non-edible food waste. For

example, the decomposition of livestock

manure produces large amounts of

methane. To reduce methane emissions,

animal manure can be removed and

used to produce biogas, a renewable

energy source. Biogas is produced after

the decomposition of organic material in

a process called anaerobic digestion.

Biogas systems help to contain both

energy (gas) and valuable soil products

(liquids and solids).

Biomass promotes the shift

toward circular bio-economy.

A circular economy is a strategy

for switching to more sustainable

production and consumption practices.

Biotechnology plays an important role in

this strategy by supporting innovation in

the use and implementation of biological

systems on an industrial scale.

The circular bio-economy depends

on maximizing the value of resources

indefinitely. In simple terms, this means

that no non-recyclable waste is produced.

In a circular economy, biomass is of

great importance for material products

and energy supply. The main challenges

are to provide abundant biomass for

bio-based products by giving priority to

other renewable energy sources and to

minimize and recycle waste generated

by food and agriculture.

Conclusion

The cultivation of biomass, if not carried

out in a sustainable way, can have negative

effects on biodiversity, carbon stocks,

and water and air quality. In addition,

biomass can also have social impacts, so

it is important to consider factors such as

working conditions in certain areas.

It is, therefore, crucial to cultivate biomass

to generate energy in a closed-loop

system based on circular bio-economy

practice and taking into account the social,

ecological and economic dimensions

equally. Biomass can reduce excessive

dependence on fossil fuels, helps to

eliminate the waste of our planet, and as

it is found everywhere, it can serve as a

great source of energy production.

N E W S

S T O R I E S

3 Things Fast-

Growing Engineering

Companies Do Right

As businesses settle into a new

reality and make plans to refocus

their businesses, growing pains are

a real thing – we’ve all experienced

them in our personal lives, and they also

exist in the world of business. They are the

temporary challenges a business faces

when it enters a rapid growth period or

major restructure phase. While they are a

normal part of any expanding business, it’s

essential to keep an eye on your business’s

‘pain threshold’, to ensure that the temporary

challenges don’t become permanent ones.

68

Increased revenue, optimized costs,

maturity, and new opportunities are all

synonymous with growth, but these are

usually linked with new risks and trials, from

both internal and external market forces.

By planning ahead, you can navigate these

challenges with relative ease.

Here are three things that successful

businesses need to do well to remain

sustainable and manage growth:

1. Engineering companies must

manage their finances

In running a profitable and sustainable

engineering companies today, it is a given

that you need to spend money to make

money. In a growing business, extra cash

is crucial to keeping up with the increased

demands placed on daily operations. For

example, you might need to order more

stock, hire additional staff, or buy new

equipment. If you don’t keep a close eye

on these overheads, they can spiral out of

control, and place unnecessary strain on

cash flow.

A possible solution is to take out financing

– like a working capital loan or Peer-to-Peer

lending platforms – to cover immediate

expenses. You’ll need to keep a tight handle

on your spending though, as it is quite

possible to be blindsided by fixed costs –

some of which aren’t sometimes really fixed

if analyzed properly. It’s important to know

that banks and other financial institutions

consider fast-growing small businesses

risky ventures. Manage your finances well

and honour your debt repayments. It will

reflect positively on your record when you

need additional financing.

Taking out a loan is not your only option.

You can also consider solutions such as

negotiating better payment terms and

discounts with suppliers, outsourcing,

converting unused assets into cash, leasing

assets instead of buying, and restructuring

your debt. The main financial goal is

always to maximise business value. Look

beyond organic growth and find strategic

partners who can help you achieve greater

operational efficiency and maximise gains

at scale.


manage their people and culture

Having a culture that promotes collaboration

for engineering companies, open

communication, flexibility and engagement

will help keep employees motivated, which,

in turn, ensures a positive impact on their

productivity and creativity. Culture, people,

and environment are intricately linked and

are vital to overcoming growing pains.

As engineering companies business

grows, change is inevitable. It is crucial to

effectively manage this change because

it will impact your employees, and they

ultimately influence the success of your

business. Teams need to be guided and

supported through this change. Otherwise,

they could feel overwhelmed and pressured,

which may lead to internal friction and poor

customer service. Planning for internal

challenges is key to managing your people

effectively.

As part of this priority, give your people the

opportunities to develop their skills, provide

them with adequate training in line with

business growth, and ensure your team has

the best tools for the job. Setting strategic

goals will help guide your management

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team in identifying high-potential individuals

as well as likely skills gaps.

Important notes on people: if you need to

increase your workforce, make sure you

prioritise culture first and skills second

when hiring. While people can learn how to

do a better job, they cannot be taught how

to align with your value set and purpose.

Making a bad hire often results in reduced

job satisfaction across much of the business.

Outsourcing to a consultant or a freelancer

is often cheaper than hiring a full-time

resource. Also considering modern tools

like Robotic Process Automatic (RPA) help

optimal utilization of human resources. It

is especially applicable if you are unsure

of what your future business needs are, or

if you only require certain skills at specific

times.


manage their processes and

migrate to automation

Many small businesses don’t immediately

prioritise changing their systems and

processes as they grow, which often results

in inefficiencies and wasted money, time,

and resources. For example, when you

have a limited number of clients, manually

sending invoices and following up on

payments is manageable.

However, when your client base grows,

your accounting administration grows with

it. Switching to cloud-based accounting

software allows you to send invoices on

the fly, and automatically issue overdue

invoice reminders while also giving you a

real-time overview of finances. Having upto-date

access to finances means that you

can respond to issues as they arise or even

prevent them from occurring at all.

As a growing business, you need to

ensure that you have processes in place

for every possible aspect of your business

and automate these processes, wherever

possible. In accounting, processes include

using the right collection methods, outlining

clear payment terms, and automating

invoicing and quoting.

Change is the only constant

Businesses operate in continually changing

environments. People, competition, markets,

laws, and technology are continuously in

flux. When change takes place in one area,

it has a potential knock-on effect on all of

the others. Businesses should aim for agile

and aligned teams, sustainable growth that

is supported by strong governance, and

a clear, flexible strategy that confirms the

feasibility of the business model and sets

the stage for its growth and development.

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N E W S

S T O R I E S

Flexible Working

for Industrial, Tech,

Construction Companies -

Will it Work?

conducted by Sage People, more than 80

per cent of 3,500 employees globally placed

importance and value on flexible and remote

working.

Respecting a work-life balance has become

increasingly important. Whether it is to meet

family needs, personal obligations or just

to avoid rush hour – it is clear that giving

employees increased control over their

work schedule enhances their happiness

and productivity, thereby making it good for

business. With that in mind, here are seven

reasons business leaders should consider

embracing the benefits of flexible working.

The world of work as we know it has

changed. With new technology

making it easier to work anywhere,

anytime, the traditional 9 to 5 workday

for construction, utilities, energy, technology,

industrial and manufacturing is now effectively

dead, especially for the support department.

Flexibility in their work schedules is a key

priority for today’s employees, helping them

successfully juggle work and personal

responsibilities. In fact, according to a poll

1. The engineering world of

work has changed

The line between work life and home life

is more blurred than it was just a few years

ago. For example, it’s now routine for people

to demand employers facilitate virtual

meetings, work from home choices, and even

approve ‘duvet days’ when required, instead

of requiring them to commute through the

dreaded traffic every day.

76

Furthermore, modern work responsibilities

are often cross-functional and need staff to

interact with more people in different time

zones and areas of expertise.

In this context, constraints on how, where,

and when we work should be updated to

reflect this cultural shift. Businesses must be

prepared to accept that the working world

has changed and adapt to new norms if they

want to remain relevant and truly motivate

and engage employees.

2. The war for brilliant talent in

tech & engineer is increasing

With top talent becoming more challenging

to attract and retain, many industries are

facing widespread skills shortages. It means

in-demand employees can be more selective

– and the desire for flexibility is a key factor

that influences their decision on future

workplaces. Hence, employers who offer

flexible working will attract the best talent and

are also more likely to retain these employees

for longer.

3. Flexible working boosts

productivity in manufacturing

and industrial sector

Workforce productivity has become a global

issue. Our research shows that employees

typically work only 30 hours a week, which

means there’s a whole day when they’re in the

office but not actually working. What’s more,

most people who work a 40-hour week feel

they are productive for only 3.75 days out of

the 5-day working week.

Revolutionising productivity in new ways, such

as giving employees the freedom to work in

the manner that best suits them, could go a

long way in narrowing the productivity gap

and enabling businesses to get the most out

of their staff.

77

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N E W S

S T O R I E S

4. Flexible working empowers

employees and shows you trust

them

Our research also found that employees want

to feel valued and recognised, with two-thirds

(66%) of those surveyed considering this the

most important aspect of their working life.

For many, this aspect is more vital than office

perks like games in the office or free food.

Giving employees the freedom to work in ways

that best suit them shows they are valued and

trusted members of the team.

It also empowers them to perform to a high

standard and be as productive as possible.

5. It supports employee wellbeing

The health and well-being of employees have

become a greater priority for businesses

around the world in recent years, while also

being increasingly vital for employees.

Over a third of employees polled (39 per cent)

believe HR and people teams could do more

to improve wellness at work, with initiatives

such as providing fresh fruit or offering a

subsidised gym membership proving popular.

As cities get more crowded and people are

obliged to multitask at home and work, flexible

working can play a crucial role in reducing

stress, making it something companies need

to pay more considerable attention to.

6. Employees want flexible

working

One of the most important reasons for

businesses to embrace the idea of flexi-work is

simply because it’s what staff want. According

to Fuze, nearly 50 per cent of employees

across all generations want to be more mobile

at work, with this number rising to 70 per cent

for those aged 16 to 44.

Employees want to be able to pick up their kids

from school, start and finish early if they have

international calls first thing in the morning,

or be able to head to a doctor’s appointment

without fear of being perceived as slacking.

Businesses would, therefore, be wise to listen

to what their employees want and respond

accordingly.

7. Technology has changed the

engineering sector

The most straightforward argument for

remote working is that employees simply no

longer need to be in the office to do their jobs

effectively.

Most employees in construction, engineering

and industrial sectors now have all the tools

they need on their smartphones and tablets,

which means they can comfortably work from

anywhere – a coffee shop between meetings,

their home, or any place where they can work

undistracted.

Cloud technology gives employees secure

access to documents externally, while

collaboration and communication tools enable

staff to work together from opposite sides of

the globe.

Isn’t it time the way we work

changed to reflect these

capabilities?

Ultimately, enabling flexible working should

be a focus for all businesses. From aiding

talent retention to creating positive workplace

experiences – which is important to 92 per

cent of people – the long- and short-term

benefits could prove invaluable.

Most importantly, giving employees flexibility

will result in a happier, more engaged and

more productive workplace.

In an age of continuing disruption and

increasing competition, that’s not something

businesses can afford to ignore.

ads

ads

N E W S

S T O R I E S

Scientists Still Relentlessly

Working to Develop Newest, More

Advanced Antiviral Therapies for

COVID-19 Treatments

The antivirals

market consists of sales of antiviral

drugs and related services. Antiviral

drugs reduce the replication of viruses

at different stages. Various type of

viral infections for which antiviral drugs are

used include HIV, herpes,

hepatitis and influenza viruses and, of

course, COVID-19. Millions of people across

the globe are affected by the CORONA /

COVID-19 virus. The pandemic has put

massive pressure on medicine safety

stocks. Healthcare providers are using every

possible tool to treat COVID-19.

It results in tremendous pressure on several

medicines especially antiviral drugs. Similarly,

the pressure on the system is substantially

growing with increased demand from

patients and governments for crucial drugs.

Scientists and researchers are relentlessly

working to develop additional investigational

antiviral compounds to treat COVID-19.

According to a new study conducted by

Research Dive, the global antiviral therapies

market size will reach about $66,016.5 million

till 2027, at a CAGR of 3.1%, increasing from

$51,913.1 million in 2019. North America has

dominated the global market share and is

anticipated to account for $19,131.6 million

by 2027.

Asia-Pacific is expected to rise vastly and is

predicted to generate a revenue of $17,718.8

million by 2027.

Active Biotechs in the markets today include:

NanoViricides, Inc. (NYSE: NNVC), Pfizer

Inc. (NYSE: PFE), T2 Biosystems, Inc.

84

(NASDAQ: TTOO), Sorrento Therapeutics,

Inc. (NASDAQ: SRNE), Moderna (NASDAQ:

MRNA).

The Research Dive report said: “In the previous

decades, the global antiviral therapies market

has experienced a significant growth owing

to increasing HIV prevalence as well as

rising viral infections in the forecast period.

In addition, the COVID-19 emergency period

has had a positive impact on the global

antiviral therapies market growth in 2020.

This growth is majorly owing to rising R&D

activities to find suitable antiviral drug for the

coronavirus treatment.

Furthermore, some of the manufacturers

are following various tactics such as new

technology introduction to gain a strong

position in the global market.

In recent years, the incorporation of

nanotechnology into antiviral drugs design

and development to manufacture innovative

and cost-effective drugs that will treat viral

infections has been on a rise. This factor is

predicted to generate huge opportunities for

the market growth in the coming years.

This growth is significantly owing to

nanotechnology being one of the mostly

capable technologies in the antiviral drugs

development because of its capability to

handle several viral infections effectively.”

NanoViricides, Inc. (NYSE American: NNVC)

Breaking News: Broad-Spectrum Direct

Antiviral Nanomedicine Should Remain

Effective Against COVID-19 Virus Variants,

Says NanoViricides, Inc.’s President, Dr. Anil

Diwan – NanoViricides, a global leader in

the development of highly effective broadspectrum

antiviral therapies based on a novel

nanomedicines platform, today discusses

the current developments in the COVID-19

pandemic and the Company’s exciting

accomplishments related to it.

“We welcome the strong engagement of

President Biden and his new administration’s

commitment to combat this once-in-a-century

pandemic with new approaches and fresh

ideas,” said Anil R. Diwan, PhD, President of

the Company.

We would like to note that the scientific

community at large and regulatory efforts to

date have remained focused on (a) vaccines,

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N E W S

S T O R I E S

(b) antibodies, and (c) re-development of preexisting

drugs. Even as alarm bells were raised

by renowned scientists regarding the likelihood

of escape mutations and the limitations of any

vaccines and antibody therapies in combating

a rapidly evolving global viral pandemic, there

has been an effort to downplay these risks at

all levels.

This has left the world now grappling with a

situation where vaccines are being rolled

out even as virus variants that are highly

likely to be resistant to current vaccines and

antibody drugs have already been found to be

spreading rapidly. Current vaccines are now

assumed to require constant updates and reinoculation

campaigns to keep up with ongoing

changes in the virus. Attention needs to be

focused instead on broad-spectrum antiviral

therapeutics that minimize the possibility of

virus variants escaping the drug, thereby

making the costly ongoing development of

vaccine updates, their deployment and reinoculation

campaigns unnecessary.

NanoViricides believes it is very likely the

only company with a platform technology

that enables development of drugs that

viruses would not escape. In fact, we have

successfully screened our COVID-19 drug

candidates to be able to protect cells against

infection by distinctly different coronaviruses.

This broad-spectrum drug development

approach was adopted to ensure that our

drug candidates should remain effective even

as future variants of SARS-CoV-2 evolve in the

field, as was already anticipated by us at that

time. Additionally, NanoViricides is the only

company that, to the best of our knowledge,

is developing antiviral treatments designed to

(a) directly attack the virus and disable it from

infecting human cells, and (b) simultaneously

block the reproduction of the virus that has

already gone inside a cell.

Together, this strategy of a two-pronged attack

against the virus, both inside the cell and

outside the cell, can be expected to result in

a cure for coronaviruses and other viruses that

do not become latent.

The Company’s nanoviricides® platform

technology is based on biomimetic engineering

that copies the features of the human cellular

receptor of the virus. No matter how much the

virus mutates, all virus variants bind to the

same receptor in the same fashion.

It appears that the later variants of SARS-CoV-2

may have evolved to bind to the human cellular

receptor ACE2 more strongly, in general, based

on published datasets. Thus, if these features

of the cellular receptor are appropriately

copied, the resulting nanoviricide drug would

remain effective against current and future

variants of the virus.

Our current drug candidates to combat the

COVID-19 pandemic are designed to attack

not only SARS-CoV-2 and its current and future

variants, but also many other coronaviruses,

and will be useful even after the pandemic

is over, because several coronaviruses are

endemic in human populations.

Our COVID-19 drug candidates successfully

entered core safety pharmacology studies

required prior to any human clinical trials

around October/November, 2019. These

studies have now been completed and we are

anticipating the report from the external CRO

shortly. We are now working on preparing a

pre-IND application for filing with the US FDA

as soon as possible.

Additionally, we are actively seeking

opportunities to engage appropriate sites for

human clinical trials, and we are

engaged in the preparation of clinical trial

protocols and other activities that would be

necessary for filing of an IND with the US FDA.

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N E W S

S T O R I E S

$871 Million Inspection

Machines (Pharmaceutical,

Medical Device)

Opportunities

The Inspection Machines Market

by Product (Vision Inspection,

Checkweigher, Metal Detector,

Software), Type (Manual, Automatic),

Packaging Type (Vials, Syringes, Blisters),

End User (Pharmaceutical, Medical Device),

COVID-19 Impact - Global Forecast to 2025”

report recently released.

The Inspection Machines

Market is Projected to Reach USD 871 Million

by 2025 from USD 671 Million in 2020, at

a CAGR of 5.4% Growth in this market is

primarily driven by the increasing adoption

of inspection systems throughout their

production lines due to the growing concerns

about the regulatory mandates introduced by

the government and regulatory bodies in the

healthcare industry to maintain compliance

with Good Manufacturing Practices (GMP).

Also, the increasing adoption of automated

inspection systems in the pharmaceutical and

biotechnology industries, growth in the

number of product recalls, an increasing

number of inspection checkpoints throughout

the production line, and technological

advancements in inspection systems support

the growth of the market.

However, the complexities of introducing

inspection machines in a production line may

hamper the market’s growth to a certain extent.

92

Based on product, the vision inspection

systems segment holds the largest market

share during the forecast period.

Based on product, the inspection machines

market is segmented into vision inspection

systems, X-ray inspection systems, leak

detection systems, metal detectors,

combination systems, check weighers,

software, and other inspection systems. The

vision inspection systems segment accounted

for the larger market share in 2019.

The large share of this segment can be

attributed to the high adoption of vision

inspection systems in the pharmaceutical,

biotechnology, medical device, cosmetic, and

food industries compared to other systems

due to their ease of use, easy adaptability,

and high performance.

Based on type, the fully-automated inspection

machines segment is expected to register

the highest CAGR during the forecast period.

Based on type, the fully automated machines

segment commanded the largest share

in 2019, followed by semi-automated and

manual machines. The large share of the

fully automated machines segment can be

attributed to these systems’ benefits, such

as high throughput rate, maximum inspection

accuracy, high detection rate, and compliance

with high standard regulations compared to the

other systems.

The growing demand for quality requirements as

part of the zero-error strategy, increasing need

to reduce particles and cosmetic defects, and

technological advancements in this segment

will continue to drive market growth.

Based on packaging type, the ampoules &

vials segment holds the largest market share

during the forecast period.

Based on packaging type, the inspection

machines market is segmented into ampoules

& vials, syringes, blister packaging, bottles, and

other packaging types based on packaging

type. In 2019, the ampoules & vials segment

dominated the inspection machines market, by

packaging type.

The large share of the ampoules

& vials segment can be attributed to its rising

adoption in the pharmaceutical industry for

biopharmaceutical and vaccine delivery, which

leads to the increasing adoption of inspection

systems.

Based on end user, the pharmaceutical &

biotechnology companies segment is expected

to registerthe highest CAGR during the forecast

period.

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N E W S

S T O R I E S

Based on end users, the inspection machines

market is segmented into pharmaceutical

& biotechnology companies, medical

device manufacturers, food processing &

packaging companies, and other end users

(nutraceuticals and cosmetic companies).

The pharmaceutical & biotechnology

companies segment is projected to witness

the highest growth during the forecast

period. Inspection machines are widely

used in pharmaceutical & biotechnology

companies for quality checks and quality

assurance, which is a major factor in driving

the market growth.

Furthermore, a growing number of

pharmaceutical & biotechnology companies

are utilizing inspection machines owing to

factors such as the increasing compliance to

GMP guidelines and the increasing number

of inspection checkpoints in the production

& packaging lines, stringent government

regulations, the increasing need to combat

counterfeit pharmaceutical products,

product recalls, and the prevention of loss of

business revenue due to the deployment of

inspection machines.

North America is expected to account for

the largest share of the inspection machines

market in 2019.

In 2019, North America accounted for the

largest share of the inspection machines

market, followed by Europe, the Asia Pacific,

Latin America, and the Middle East & Africa.

The large share of this market segment

can be attributed to the presence of a

large number of pharmaceutical and

biotechnology companies & medical device

manufacturers in the region, stringent

regulatory mandates for healthcare

manufacturers, an increasing number of

inspection checkpoints in the production line,

and highly regulated inspection standards

& obligatory compliance in the region.

Moreover, several major global players are

based in the US, owing to which the US

is a center for innovation in the inspection

machines market.

Market Drivers

Growing Number of Regulatory Mandates

to Maintain Compliance with Gmp in

the Healthcare Industry Increasing

Pharmaceutical & Biotechnology R&D

Expenditure Growing Product Recalls

The Increasing Number of Inspection

Checkpoints Throughout the Production Line

Growth in the Medical Devices Industry.

Market Restraints

Growing Demand for Refurbished Equipment

due to the High Cost of Inspection Machines

Lack of Access in Emerging Markets

Market Opportunities

Technological Advancements

Outsourcing of Operations and the Growing

Number of Manufacturing Facilities in

Emerging Economies

Market Challenges

Complexities in Integrating Inspection

Machines.

N E W S

S T O R I E S

Johnson & Johnson Announces

Data to Support Boosting its

Single-Shot COVID-19 Vaccine

100

Johnson & Johnson COVID-19 vaccine

booster, after single dose primary

regimen, provided rapid and robust

increase in spike-binding antibodies

New studies build on data demonstrating

strong durability through eight months after

immunization Johnson & Johnson (NYSE:

JNJ) (the Company) today announced data

supporting the use of its COVID-19 vaccine

as a booster shot for people previously

vaccinated with the single-shot Johnson &

Johnson vaccine.

In July, the Company reported interim Phase

1/2a data published in the New England

Journal of Medicine that demonstrated

neutralizing antibody responses generated

by the Johnson & Johnson single-shot

COVID-19 vaccine were strong and stable

through eight months after immunization.

In anticipation of the potential need for boosters,

the Company conducted two Phase 1/2a

studies in individuals previously vaccinated

with its single-shot vaccine.

New interim data from these studies demonstrate

that a booster dose of the Johnson & Johnson

COVID-19 vaccine generated a rapid and

robust increase in spike-binding antibodies,

nine-fold higher than 28 days after the primary

single-dose vaccination.

Significant increases in binding antibody

responses were observed in participants

between ages 18 and 55, and in those 65

years and older who received a lower booster

dose. The study summaries were submitted to

medRxiv on August 24.

“We have established that a single shot of

our COVID-19 vaccine generates strong and

robust immune responses that are durable

and persistent through eight months.

With these new data, we also see that a booster

dose of the Johnson & Johnson COVID-19

vaccine further increases antibody responses

among study participants who had previously

received our vaccine,” said Mathai Mammen,

M.D., Ph.D., Global Head, Janssen Research

& Development, Johnson & Johnson.

“We look forward to discussing with public

health officials a potential strategy for our

Johnson & Johnson COVID-19 vaccine,

boosting eight months or longer after the

primary single-dose vaccination.”

The Company is engaging with the U.S. Food

and Drug Administration (FDA), U.S. Centers

for Disease Control and Prevention (CDC),

European Medicines Agency (EMA) and other

health authorities regarding boosting with

the Johnson & Johnson COVID-19 vaccine.

Johnson & Johnson continues to diligently

generate and evaluate data from ongoing

trials as well as emerging real-world evidence.

The Phase 1/2a clinical trials

(VAC31518COV1001and

VAC31518COV2001) have been funded

in part with federal funds from the U.S.

Department of Health and Human Services,

Office of the Assistant Secretary for

Preparedness and Response, Biomedical

Advanced Research and Development

Authority (BARDA), under other transaction

authority (“OTA”) agreement No.

HHSO100201700018C.

For more information on the Company’s

multi-pronged approach to helping combat

the pandemic, visit: www.jnj.com/covid-19.

Authorized Use The Janssen COVID-19

vaccine is authorized for use in the U.S. under

an Emergency Use Authorization (EUA) for

active immunization to prevent coronavirus

disease 2019 (COVID-19) caused by severe

acute respiratory syndrome coronavirus 2

(SARS-CoV-2) in individuals 18 years of age

and older.

IMPORTANT SAFETY INFORMATION

WHAT SHOULD YOU MENTION TO YOUR

VACCINATION PROVIDER BEFORE YOU

GET THE JANSSEN COVID-19 VACCINE?

Tell the vaccination provider about all of your

medical conditions, including if you:

• have any allergies

• have a fever

• have a bleeding disorder or are on a

blood thinner

• are immunocompromised or are on a

medicine that affects your immune system

• are pregnant or plan to become

pregnant

• are breastfeeding

• have received another COVID-19

vaccine

WHO SHOULD NOT GET THE

JANSSEN COVID-19 VACCINE?

You should not get the Janssen COVID-19

Vaccine if you:

• had a severe allergic reaction to any

ingredient of this vaccine.

HOW IS THE JANSSEN

COVID-19 VACCINE GIVEN?

The Janssen COVID-19 Vaccine will be

given to you as an injection into the muscle.

The Janssen COVID-19 Vaccine vaccination

schedule is a single dose.

WHAT ARE THE RISKS OF THE

JANSSEN COVID-19 VACCINE?

Side effects that have been reported with the

Janssen COVID-19 Vaccine include:

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N E W S

S T O R I E S

• Injection site reactions: pain, redness

of the skin, and swelling.

• General side effects: headache, feeling

very tired, muscle aches, nausea, fever.

Severe Allergic Reactions There is a remote

chance that the Janssen COVID-19 Vaccine

could cause a severe allergic reaction. A

severe allergic reaction would usually occur

within a few minutes to one hour after getting

a dose of the Janssen COVID-19 Vaccine. For

this reason, your vaccination provider may ask

you to stay at the place where you received

your vaccine for monitoring after vaccination.

Signs of a severe allergic reaction can include:

• Difficulty breathing

• Swelling of your face and throat

• A fast heartbeat

• A bad rash all over your body

• Dizziness and weakness

Blood Clots with Low Levels of Platelets

Blood clots involving blood vessels in the

brain, lungs, abdomen, and legs along with

low levels of platelets (blood cells that help

your body stop bleeding), have occurred in

some people who have received the Janssen

COVID-19 Vaccine. In people who developed

these blood clots and low levels of platelets,

symptoms began approximately one to twoweeks

following vaccination. Reporting of

these blood clots and low levels of platelets

has been highest in females ages 18 through

49 years. The chance of having this occur is

remote. You should seek medical attention

right away if you have any of the following

symptoms after receiving Janssen COVID-19

Vaccine:

• Shortness of breath,

• Chest pain,

104

• Leg swelling,

• Persistent abdominal pain,

• Severe or persistent headaches or

blurred vision,

• Easy bruising or tiny blood spots under

the skin beyond the site of the injection.

These may not be all the possible side

effects of the Janssen COVID-19 Vaccine.

Serious and unexpected effects may occur.

The Janssen COVID-19 Vaccine is still being

studied in clinical trials.

Guillain Barré Syndrome Guillain Barré

syndrome (a neurological disorder in which the

body’s immune system damages nerve cells,

causing muscle weakness and sometimes

paralysis) has occurred in some people

who have received the Janssen COVID-19

Vaccine. In most of these people, symptoms

began within 42 days following receipt of the

Janssen COVID-19 Vaccine. The chance of

having this occur is very low.

You should seek medical attention right away

if you develop any of the following symptoms

after receiving the Janssen COVID-19

Vaccine:

• Weakness or tingling sensations,

especially in the legs or arms, that’s worsening

and spreading to other parts of the body

• Difficulty walking

• Difficulty with facial movements,

including speaking, chewing, or swallowing

• Double vision or inability to move eyes

• Difficulty with bladder control or bowel

function.

WHAT SHOULD I DO ABOUT

SIDE EFFECTS?

If you experience a severe allergic reaction,

call 9-1-1, or go to the nearest hospital.

Call the vaccination provider or your healthcare

provider if you have any side effects that

bother you or do not go away.

Report vaccine side effects to FDA/CDC

Vaccine Adverse Event Reporting System

(VAERS). The VAERS toll-free number is 1-800-

822-7967 or report online to https://vaers.

hhs.gov/reportevent.html. Please include

“Janssen COVID-19 Vaccine EUA” in the first

line of box #18 of the report form. In addition,

you can report side effects to Janssen Biotech

Inc. at 1-800-565-4008.

105

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