Recent

% | $
Quotes you view appear here for quick access.

The Dow Chemical Company Message Board

rhawrela 4 posts  |  Last Activity: May 6, 2015 12:40 PM Member since: Apr 15, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    A clear picture of a true dirtbag.....

    by phildog May 6, 2015 11:38 AM
    rhawrela rhawrela May 6, 2015 12:40 PM Flag

    Not sure I understand why Anderson's concerned was filed with OSHA ... other than the fact that L. has been stinking up the place for the last 11 years?

  • Reply to

    Chemical cos. and correlation with Oil

    by chitownproq500 Mar 16, 2015 1:33 PM
    rhawrela rhawrela Mar 18, 2015 11:34 AM Flag

    Just to add another note to my above comment. At Dow in my day we used to use a PYRO computer model on our ethylene cracking furnaces. By programing in the geometry of our furnaces we could adjust cracking variables to change the output products to maximize returns based on fuel value or chemical value. So, if naphtha from a refinery was priced downward to match crude oil downward trend, we could adjust cracking variables on our naphtha crackers to maximize profits based on fuel or chemical value.

    Our competitors also used the same models so they would adjust their products downward to match competition. Hence, their products followed the price of crude.

  • Reply to

    Chemical cos. and correlation with Oil

    by chitownproq500 Mar 16, 2015 1:33 PM
    rhawrela rhawrela Mar 18, 2015 10:57 AM Flag

    I used to track hydrocarbon pricing during my days at Dow (60-93). Dow doesn't own a refinery, but it does buys products from them. e.g. naphtha, propane, butane, pentane, hydrogen, methane. These products are priced on two bases. One is an energy base (BTU value). The other is as a feedstock for commodities (chemical value). If it's a cold winter, the refineries price their products on an energy based system (BTU value). If it's a warm winter and commodity prices are up, they swing to pricing based on commodities' e.g polyethylene, chemical valued commodities. So, in this respect, it's hard to figure why Dow is tracking crude prices. We've had a hard winter and prices may be currently following BTUs. The U.S. market is also up, so there should be a swing to chemical values.

    This may partly explain your question. It's a good one. So don't give up till you totally understand it. My pricing models I used at Dow agree with your argument.

  • For 33 years at Dow, I helped design co-generation plants (3) to generate steam and power from natural gas. This venture in Texas will allow Dow to buy 200MW of power from a wind farm. I wondered what this could displace in a co-generation plant in terms of high pressure steam used in power generating steam turbines or displacing natural gas in a Hot Gas Turbine used to generate power. So, I hauled out my old Dow co-generation data and translated some numbers for us old technocrats.

    In a hot gas turbine, 200MW of power would require 262,971 lb/hr of natural gas.

    In a total condensing, 2 stage, steam turbine, 200MW of power would require 1,728,000 lb/hr of 1,484 psia steam at 974 deg F.

    As an old technocrat myself, this is quite an impressive measure in reducing other non renewable fuels. Good work Dow.

DOW
52.65+0.15(+0.28%)Jun 2 4:01 PMEDT