Biden Signs $280 Billion CHIPS Act in Bid to Boost U.S. over China
New legislation was developed to strengthen the domestic chip manufacturing industry and finance scientific research in competition with China.
Clearlake Capital-Backed FloWorks Acquires Flotech
Flotech is a distributor and servicer of industrial valves and automation solutions across the southeast.
#automation #maintenance-repair #pressure-relief
Eastern Controls Acquires Pittsburgh-based Andrews Industrial Controls
Andrews Industrial Controls has been acquired by Eastern Controls, expanding Eastern’s territory throughout Western Pennsylvania, West Virginia and Ohio.
#maintenance-repair #VMAnews
Recession or Not, U.S. Economy Has Slowed Notably
NAM's August 2022 report cites mixed news for manufacturing.
The Manufacturing Sector Remains Vulnerable to Account Compromise and Supply Chain Attacks in the Cloud
Netwrix study reveals that manufacturing organizations experienced these types of attacks more often than any other industry surveyed.
TSA Revises and Reissues Cybersecurity Requirements for Pipeline Owners and Operators
The Transportation Security Administration (TSA) announced the revision and reissuance of its Security Directive regarding oil and natural gas pipeline cybersecurity. This revised directive will continue the effort to build cybersecurity resiliency for the nation’s critical pipelines.
U.S. Became World’s Largest LNG Exporter in First Half of 2022
The United States became the world’s largest liquefied natural gas (LNG) exporter during the first half of 2022, according to data from CEDIGAZ.
TotalEnergies Announces the Start-up of New Ethane Cracker in Port Arthur
Bayport Polymers LLC, a 50/50 joint venture between TotalEnergies and Borealis, announces the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene.
EIA Forecasts U.S. LNG Exports Will Fall 6 Percent in Second Half of 2022
The U.S. Energy Information Administration expects exports of U.S. liquefied natural gas to decrease around 6 percent. Freeport LNG outage contributes to this short-term decline.