Engineers: Remaining Relevant in 2020 and Beyond

EE Times | February 12, 2020

In the short term, there will be jobs for engineers in AI, big data, and VR. The resulting technologies are likely to eliminate millions of other jobs, however. With 20 million manufacturing layoffs projected by 2030, continuing education has never been more important. Here are the top trends for 2020 and beyond. It is in the moments we encounter robots in the grocery store and humanoids at the front desks of hotels that we realize we are already living in the future. We may not yet have self-driving vehicles and digital assistants that actually understand our commands (come on, Apple), but what experts refer to as the Industrial Revolution 4.0 is well underway. In actuality, the world has already changed the way humans live. From here on out, civilization will never be the same. But this is, of course, just the beginning.

Spotlight

This White Paper discusses the challenges, options and solutions for process manufacturers when packaging products for consumers and/or the processing industry. Product can be sold in bulk or in small packages for trade. Packages for trade may be filled according to a defined weight or the packages can indicate the actual net weight of the content. This white paper focuses packaged liquids in units smaller than 10kg (22 lbs).

Spotlight

This White Paper discusses the challenges, options and solutions for process manufacturers when packaging products for consumers and/or the processing industry. Product can be sold in bulk or in small packages for trade. Packages for trade may be filled according to a defined weight or the packages can indicate the actual net weight of the content. This white paper focuses packaged liquids in units smaller than 10kg (22 lbs).

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ENGINEERING TECH

Emerson and Neste Engineering Solutions to Optimize Fintoil Biorefinery Operations for More Efficient, Sustainable Production

Fintoil | June 22, 2022

Fintoil, together with Neste Engineering Solutions, has selected Emerson’s automation software and technologies to maximize the operational performance of its biorefinery being constructed in the port of Hamina-Kotka, Finland. The plant will be the third-largest crude tall oil (CTO) biorefinery in the world and produce advanced biofuel and biochemical feedstocks that help lower emissions and reduce reliance on fossil-based fuels. The plant will refine CTO, a by-product of the wood pulping process, to produce a sustainable feedstock for renewable second-generation diesel, as well as rosin, sterol pitch and turpentine used in the chemicals, foodstuffs and pharmaceuticals industries. These CTO derivatives have a carbon footprint up to 90% smaller than their fossil-based equivalents. This state-of-the-art facility, which utilizes Neste Engineering Solutions’ NEXPINUS™ technology, uses 40% less energy than a conventional tall oil refinery, and is the perfect example of efficient and sustainable production that supports the circular economy. Working with Neste Engineering Solutions and Emerson to implement the latest digital automation technologies will enable us to operate the plant safely and efficiently, minimize operating costs and deliver large-scale production of biofuel and biochemicals as a viable alternative to fossil-based products.” Jukka Ravaska,Fintoil CEO To reduce project risk and ensure schedule and budget are maintained, Emerson will apply its Project Certainty methodology, which digitalizes project execution and uses practices such as remote testing of equipment. And to enhance plant security performance, Emerson consultancy services will advise on the implementation of cybersecurity best practices. “Emerson expertise and technologies are playing a significant role in helping companies achieve their ambitious decarbonization and environmental sustainability goals, including the accelerated transition to cleaner fuels,” said Mark Bulanda, executive president of Emerson’s Automation Solutions business. “Our project expertise and latest advanced digital solutions are not only helping Fintoil develop the production capacity of a sustainable fuel, but also optimizing plant efficiency to lower its overall environmental impact. We are very pleased to have Neste Engineering Solutions as a partner in this project because of its extensive experience in the CTO business.” In addition to providing NEXPINUS, and engineering, procurement and construction management for the project, Neste Engineering Solutions will also be responsible for delivering the entire application software for the new CTO biorefinery. Fintoil, together with Neste Engineering Solutions, will implement Emerson’s DeltaV™ distributed control system, DeltaV safety instrumented system and DeltaV Live operator interface software to enable efficient production, greater visibility of operational performance and process, and emergency shutdown for improved plant and worker safety. Advanced measurement technologies that have minimal maintenance requirements and diagnostics made available through Emerson’s asset management software will enhance equipment reliability and performance, contributing to greater plant availability and throughput, and lower cost of ownership. Construction of the facility is expected to be completed in 2022. The expected annual capacity of 200,000 tons will create a 400,000-ton reduction in CO2 emissions, which is roughly 1% of Finland’s total emissions. About Emerson Emerson, headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. About Fintoil Fintoil is a Finnish bioneering company established in 2017. Fintoil will refine crude tall oil for the production of advanced biofuels. Other derivatives will be sold for further refinement to clients in the chemicals, foodstuffs and pharmaceuticals industries. The company’s crude tall oil biorefinery will start its operations in the summer of 2022 in the port of Hamina-Kotka, a chemicals port in Hamina, Finland. The technologically advanced and energy-friendly production utilizes NEXPINUS™ technology and once operational it will be the world’s third-largest CTO biorefinery. In the future, the feed capacity can be increased. Fintoil’s key personnel and founders have decades of experience in the tall oil business and related investment projects. About Neste Engineering Solutions Neste Engineering Solutions offers high quality technology development and licensing, engineering, procurement, construction and project management services for the oil & gas, petrochemicals and bio-industries. Our NAPCON products enhance process industry production optimization, quality and logistics, as well as operator training with simulators and games. We work in close cooperation with our strategic customers and have world-class know-how in technology development and industrial investment projects. Many companies base their success on highly competitive novel process technologies developed by Neste Engineering Solutions. NEXPINUS™ is a feedstock flexible intelligent tall oil fractionation technology for superior quality products. Read more: neste.com/engineeringsolutions.

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CONSTRUCTION

Built Helps Construction Lenders Manage Risk with Project Pro

Built | July 08, 2022

Built Technologies (Built), the fastest growing construction finance platform in the U.S., today announced Project Pro, the first-of-its-kind contractor management and project monitoring solution for lenders. Construction lenders around the world are limited in their ability to monitor and manage the risks of their construction portfolio. They often lack specialized tools built for construction financing that provide actionable insights, and in many cases this situation prevents them from keeping money moving smoothly throughout the ecosystem of stakeholders. Built’s Project Pro, available today, changes this paradigm for lenders from reactive to proactive. Construction financing is inherently risky. Compounding that is the fact that lenders typically don’t have visibility into the project status and contractor performance that would help them manage many risks. Project Pro aggregates vital information in one place to allow construction lenders to understand and proactively manage risks and their associated costs more effectively. The net result is less risk and a better client experience. “By providing our lender partners a proactive solution to monitor and manage key risks associated with construction lending, they can scale their business with confidence, We are streamlining the entire loan and construction lifecycle for lenders and improving their returns.” Brent Blane, General Manager, Built Marketplace Project Pro aggregates and allows for the evaluation of critical information about the loan and the status of the project, which can be used to improve decision making and help a project come to a successful conclusion. The product consists of three main capabilities that include: Contractor Management simplifies the manual work of managing contractors and makes it easier to achieve compliance through the automation of important procedures. These processes include the collection of required documentation and relevant data, along with reporting for at-risk contractor characteristics. Built based on lessons learned working with major construction lenders, this offering fully integrates the process of reviewing, tracking, and maintaining a roster of contractors, including the creation of Contractor Acceptance agreements. Project Monitoring allows lenders to fully understand the status and issues facing a project so they can rectify problems before they slow progress or result in non compliance. It serves as an early warning system for construction lenders to identify possible roadblocks and proactively provides notifications when any warning signs appear—including liens filed on the project, changes to the contractors’ business credit, and required project compliance documentation expiration. The Project Pro Dashboard provides a single source of truth with the most important project information in one view. This brings to the forefront project status, risks, and Construction Loan Administration data such as current/recent draw summaries and project comments along with easily understood graphs and charts. This unified view into every piece of a project, allows lenders to understand the historical and current project status and make decisions based on that information. It saves not only time, but avoids conflicting information and lack of visibility by those who need it. Project Pro is available through Built Marketplace, a cohesive offering of services that transform the construction loan administration process from a series of unpredictable, reactive tasks into a standardized set of processes and risk monitoring capabilities that helps loan administrators make smarter decisions. Clients interested in learning more about Project Pro or adding to their existing loan administration solution can visit https://getbuilt.com/built-marketplace/project-pro/. About Built Built is the leading provider of construction finance technology. Built connects commercial and consumer construction lenders, property developers, commercial general contractors, residential homebuilders, specialty contractors, title companies, and other critical industry vendors to improve the flow of capital through the construction ecosystem. By connecting all key stakeholders involved in the construction financing process in real-time, the Built platform helps mitigate risk, power faster draws and payments, ensure compliance, and inspire customer loyalty. Built is used by more than 190 of the leading U.S. & Canadian construction lenders and thousands of developers and contractors.

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PRODUCTS,MATERIALS,CONSTRUCTION

Clayton, Dubilier & Rice Completes Acquisition of Cornerstone Building Brands

Cornerstone Building Brands | July 28, 2022

Cornerstone Building Brands, Inc. (“Cornerstone Building Brands” or the “Company”), the largest manufacturer of exterior building products in North America, today announced that Clayton, Dubilier & Rice (“CD&R”) has successfully completed the acquisition of Cornerstone Building Brands. Holders of a majority of the shares of Cornerstone Building Brands common stock not owned by CD&R and its affiliates voted to approve the acquisition at the Special Meeting of Stockholders held on June 24, 2022. The acquisition also received the approval of the holders of a majority of the shares of Cornerstone Building Brands common stock outstanding at the Special Meeting. With the completion of the acquisition, Cornerstone Building Brands’ common stock has ceased trading and will no longer be listed on the New York Stock Exchange. “The closing of this transaction is an important milestone for Cornerstone Building Brands, and we are pleased to be entering our next phase of growth as a private company, With CD&R’s operational and strategic support, Cornerstone Building Brands will be even better positioned to accelerate our future growth plans and advance our journey to be the premier exterior building solutions company and deliver enhanced value to our customers. I want to thank all Cornerstone Building Brands employees for their continued dedication and hard work. This transaction is a testament to our team’s unwavering commitment to our customers and focus on executing our strategy. I am excited about the opportunities ahead for Cornerstone Building Brands, and I look forward to continuing our work together as we drive value for all stakeholders.” -Jeffrey S. Lee, Executive Vice President and Chief Financial Officer of Cornerstone Building Brands. J.L. Zrebiec, Partner at CD&R, said, We have long admired Cornerstone Building Brands’ business and talented team, and we are thrilled to work even more closely with its leadership team and employees in this next chapter. We firmly believe that the Company is uniquely positioned to expand on its position as the largest manufacturer of exterior building products in North America, and we look forward to working together to build on the significant momentum underway. Centerview Partners LLC is serving as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal advisor to a special committee of Cornerstone Building Brands’ independent directors. Sullivan & Cromwell LLP is serving as legal counsel to Cornerstone Building Brands. UBS, Barclays, BNP Paribas Securities Corp., Goldman Sachs, Jefferies, Natixis, New York Branch, RBC Capital Markets, and Societe Generale are providing financial advisory services to CD&R. Kirkland & Ellis LLP is serving as legal counsel to CD&R on the transaction and Debevoise & Plimpton LLP is serving as legal counsel to CD&R on the financing. CD&R has obtained committed financing from Deutsche Bank Securities Inc., UBS Investment Bank, Barclays, BNP Paribas, RBC Capital Markets, Societe Generale, Goldman Sachs, Natixis, New York Branch, Jefferies, Apollo, Blackstone Credit, and U.S. Bank. About Cornerstone Building Brands, Inc: Cornerstone Building Brands is the largest manufacturer of exterior building products by sales for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. Our market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories. Cornerstone Building Brands’ broad, multichannel distribution platform and expansive national footprint includes more than 20,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture. We are committed to contributing positively to the communities where we live, work and play. About Clayton, Dubilier & Rice: Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since its inception, CD&R has managed the investment of more than $40 billion in over 100 companies with an aggregate transaction value of over $175 billion.

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