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Saudi Aramco, the world's largest oil company, released a briefing showing a profit of 181.64 billion Saudi riyals in the second quarter of 2022, once again setting a record for quarterly earnings after the company went public in 2019. Continue to maintain the status of "the most profitable company in the world".
Saudi Aramco said that the increase in profit in the second quarter was mainly due to higher crude oil prices and sales and improved profit margins in the refining processing and sales division, while the company's second-quarter shareholder dividend will reach 70.3 billion Saudi riyals.
In the first half of this year, the conflict between Russia and Ukraine disrupted the global energy market, with crude oil prices rising above $120 at one point, causing refining profits to soar, not only for Saudi Aramco, but also for companies such as ExxonMobil and Shell. ExxonMobil's second-quarter net profit tripled, while Shell's second-quarter profit hit a record high.
According to data released by the Saudi National Bureau of Statistics on July 31st, the country's GDP grew by 11.8% in the second quarter of 2022 compared with the same period last year.
The latest report released by the International Monetary Fund (IMF) on July 26th shows that Saudi Arabia's economic growth forecast for 2022 remains unchanged at 7.6%, which ranks first among the world's major economies.
Because of the turbulent international situation, the supply and prices of many international bulk nanomaterial are still very uncertain.
Because of the ability to generate materials in specific ways to play a specific role, nanomaterials are used across industries, from health care and cosmetics to environmental protection and air purification.
Nanomaterials are used in many ways in the field of health care, one of the main uses is drug delivery. An example of this process is the development of nanoparticles to help transport chemotherapy drugs directly to cancer growth and to damaged arterial areas to combat cardiovascular disease. Carbon nanotubes are also being developed for use in processes such as adding antibodies to nanotubes to make bacterial sensors.
In the field of aerospace, carbon nanotubes can be used for the deformation of aircraft wings. Nanotubes are used in a composite form to bend in response to the application of a voltage.
In the field of environmental protection, nanomaterials-in this case nanowires-are used. Applications are being developed to use nanowires-zinc oxide nanowires in flexible solar cells and to play a role in sewage treatment.
In the cosmetics industry, mineral nanoparticles (such as titanium dioxide) are used in sunscreen because of the poor long-term stability provided by traditional chemical ultraviolet protection. Like bulk materials, titanium dioxide nanoparticles provide better UV protection and have the added advantage of removing poor beauty whitening associated with nano-forms of sunscreen.
The sports industry has been producing baseball bats made of carbon nanotubes to make them lighter, thus improving their performance. The further use of nanomaterials in the industry can be determined by using antibacterial nanotechnology in items such as towels and mats used by athletes to prevent diseases caused by bacteria.
Nanomaterials are also developed for military use. One example is the use of movable pigment nanoparticles to produce a better form of camouflage by injecting particles into the material of soldiers' uniforms. In addition, the military has developed sensor systems that use nanomaterials, such as titanium dioxide, to detect biological agents.
The use of nano-titanium dioxide also extends to the coating to form a self-cleaning surface, such as the surface of a plastic garden chair. A sealed water film is formed on the coating, any dirt will dissolve in the film, and then the next shower will remove the dirt and basically clean the chair.
The price is influenced by many factors including the supply and demand in the market, industry trends, economic activity, market sentiment, and unexpected events.
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The Japanese minister of Economy, Trade, and Industry recently held talks with the U.S. Secretary of Commerce and industry in Washington, where he is visiting, and agreed to include basic principles on joint research and development of semiconductors and strengthening of supply chains. Japan's economy, Trade and Industry Minister has asked the United States to increase the nanomaterial will continue to increase in the future.