Signs are showing that EM wants to distance itself from Research. Could this be the end for sites like Clinton? Would they pull the plug even after spending $$$$$ on the Paulsboro site merger?
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Clinton has been dead for twenty years. Nothing, absolutely nothing has come out of that place in years. But, those guys have had a great life. Outstanding pay, do nothing but powerpoint. It is a country club. They've had a good life over there.
Here's the only things I know.
This isn't just the 'po-p' that gets slung daily against the EM management wall.
This is the string of pearly truth.
Every scientist of the many kinds that work in the Clinton research facility can do far better work for themselves and their community, even the world, by departing.
Better money. Better workplace. Better science (actually practiced). Better sleep.
And certainly better Karma. That's a subjective thing related to the Soul.
Every scientist - be they Polymerist, Toxicologist, Membranist, Spectroscopist, or even Copromancer - will do better by leaving Johnny Rock's ancient carbon bottom behind.
No surprised to see so many Clinton haters here but unfortunately none of your wishes will come true. The union negotiation is not going anywhere, and the site will survive, at least for another 3-5 years. If the site eventually relocates, all union members will lose their jobs, so why don’t you all just jump off the boat now if you can find a job? Stop complaining.
In several months it will be 5 years since Clinton research technicians got a raise. Time for the Union to spread the news in the media (TV, newspaper, internet) how heartless management is toward research workers in the time of record oil and gas prices and profits. El cheapos can't even give you a turkey leg for Christmas. A company picnic this year? Really? A stinkin' hot dog or 2. What big spenders! A Management a total disgrace toward research and moral.
Breaking news:
CSR Clinton to be repurposed as US Army howitzer testing ground. That will save demolition costs.
Clinton is done. 1 - 5 years is all this place has. Nothing this building is working on is commercially viable and the staff cannot make a profitable business case to save itself.
The funny thing is, there really was never any talent there in the first place. Just a bunch of over rated, bloated people patting themselves on the back.
It doesn’t deserve to survive the reorg. After the years of shameless self promotion by Johnny Quest’s best friend, Clinton deserves what it gets. Promoting pond sc-m (the lead researcher just resigned), claiming credit for the Li battery Nobel prize (the guy quit the company because they wouldn’t support his research) and a litany of other solutions looking for problems- all with no tangible bottom line impact.
For all of DW’s bad decisions, this one is at least justifiable based on past performance. The king is dead, long live the king!
According to our annual reports and SEC filings, Dallas has significantly reduced our R&D expenses in 2021. Our R&D sites will need to tighten their belt(s) by closing some sites and most definitely reduce headcount.
A $371 million reduction from 2019 to 2021 is a significant expense and headcount reduction (30% reduction in R&D).
Year Research and Development Costs in Billions of USD
2015 $1,008
2016 $1,058
2017 $1,063
2018 $1,116
2019 $1,214
2020 $1,016
2021 $843
2022 tbd
2023 tbd
I’m afraid Clinton will not survive, cost to the cooperation is huge just to have the lights on and central plant running, couple this with no technical breakthroughs for a LONG time, and huge cost of union labor (mechanical support) its large, 102,475 the total cost outweigh any benefit. Peddle still down for OPEX reduction, The talented Technicians and Technical professionals have left and more will leave. I’m afraid outsourcing will become more prevalent. With the Research tax exemption evaporated, The company will and is changing The approach to Research in this changing world. If you knew the money that was spent on projects that would never be commercially viable you wouldn’t believe it. April 1st new name same waste…..NJRSC total waste, if anything the whole thing should have been moved to the Refinery environment in Paulsboro. The whole ILEU situation is another story..so sad. Picnic this year, I miss Mr. Frosty 🍦
There are a number of 3rd party companies that you can pay as you go to do pilot plant studies for EMRE often with much lower cost structures than us.
When our EMRE Planning Advisors review the cost benefit analysis of our internal research every executive soon realizes that the Net Present Value (NPV) is actually "Zero" or "Negative" for every major research project that we have worked on in the last 30+ years.
It would have been less costly if we had just bought "me to" process and catalyst technology from other technology providers over the last 30 years.
We will see