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Keywords = complex liquids

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17 pages, 2190 KB  
Article
New Strategy Based on Click Reaction for Preparation of 3-Acyl-4-hydroxycoumarin-Modified Silica as a Perspective Material for the Separation of Rare Earth Elements
by Dzhamilya N. Konshina, Ekaterina S. Spesivaya, Ida A. Lupanova, Anton S. Mazur and Valery V. Konshin
Molecules 2026, 31(2), 369; https://doi.org/10.3390/molecules31020369 - 20 Jan 2026
Abstract
The separation of rare earth elements (REEs) with similar chemical properties remains a relevant challenge today, most often addressed using liquid–liquid and solid-phase extraction with various chelating agents. Excellent complexing agents for REEs are 1,3-diketones and their analogs. We have for the first [...] Read more.
The separation of rare earth elements (REEs) with similar chemical properties remains a relevant challenge today, most often addressed using liquid–liquid and solid-phase extraction with various chelating agents. Excellent complexing agents for REEs are 1,3-diketones and their analogs. We have for the first time proposed a method for preparing a material consisting of a covalently immobilized 3-acyl-4-hydroxycoumarin ligand on silica. For its synthesis, we employed a strategy based on the “click” reaction of 3-azidopropyl silica with a propargyl-containing coumarin–chalcone conjugate—this approach is the most tolerant and does not affect the coordinationally active fragment of the ligand. The material was characterized by thermal analysis, IR spectroscopy, and 13C NMR. The potential of the synthesized material for REE preconcentration was demonstrated at pH 5–5.5: high extraction efficiency for Gd(III), Dy(III), Er(III), Eu(III), Sm(III), and Yb(III) was observed, with fast adsorption kinetics (30 min) and extraction degrees of ~98%. Under unified conditions of static and dynamic extraction for Gd(III), Dy(III), Er(III), Eu(III), Sm(III), and Yb(III), affinity series toward the surface were obtained as a function of the distribution coefficient. It was shown that 10-fold molar excesses of Fe(III), Al(III), Cu(II), Ni(II), and Co(II) allow retention of more than 95% extraction for Dy(III) and Er(III). After adsorption of Dy(III) and Er(III), shifts in the carbonyl group absorption bands are visible in the IR spectra of the material, indicating a chelating mechanism of sorption. Additional studies are required for implementation in analytical and preparative REE separation schemes; however, preliminary data show that the material is a highly active adsorbent. Full article
(This article belongs to the Section Materials Chemistry)
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25 pages, 1788 KB  
Article
Performance Analysis and Design of a Pulsating Heat Pipe-Based Thermal Management System for PEMFC
by Hongchun Zhao, Meng Zheng, Zheshu Ma, Yan Zhu and Liangyu Tao
Sustainability 2026, 18(2), 1047; https://doi.org/10.3390/su18021047 - 20 Jan 2026
Abstract
Given automotive PEMFCs’ susceptibility to thermal runaway and uneven temperature distribution under high-power-density operation, this study proposes a novel embedded pulsating heat pipe cooling system. The core innovations of this work are threefold, fundamentally distinguishing it from prior PHP cooling approaches: (1) an [...] Read more.
Given automotive PEMFCs’ susceptibility to thermal runaway and uneven temperature distribution under high-power-density operation, this study proposes a novel embedded pulsating heat pipe cooling system. The core innovations of this work are threefold, fundamentally distinguishing it from prior PHP cooling approaches: (1) an embedded PHP cooling plate design that integrates the heat pipe within a unified copper plate, eliminating the need for external attachment or complex bipolar plate channels and enhancing structural compactness; (2) a system-level modeling methodology that derives an effective thermal conductivity (k_eff ≈ 65,000 W·m−1·K−1) from a thermal resistance network for seamless integration into a full-stack CFD model, significantly simplifying the simulation of the passive PHP component; and (3) a parametric system-level optimization of the secondary active cooling loop. Numerical results demonstrate that the system achieves an exceptional maximum temperature difference (ΔT_max) of less than 1.7 K within the PEMFC stack at an optimal coolant flow rate of 0.11 m/s, far surpassing the performance of conventional liquid cooling baselines. This three-layer framework (PHP heat transfer, cooling plate conduction, liquid coolant convection) offers robust theoretical and design support for high-efficiency, passive-dominant thermal control of automotive fuel cells. Full article
(This article belongs to the Section Sustainable Engineering and Science)
27 pages, 10006 KB  
Article
Analysis About the Leaks and Explosions of Alternative Fuels
by José Miguel Mahía-Prados, Ignacio Arias-Fernández, Manuel Romero Gómez and Sandrina Pereira
Energies 2026, 19(2), 514; https://doi.org/10.3390/en19020514 - 20 Jan 2026
Abstract
The maritime sector is under growing pressure to decarbonize, driving the adoption of alternative fuels such as methane, methanol, ammonia, and hydrogen. This study evaluates their thermal behavior and associated risks using Engineering Equation Solve software for heat transfer modeling and Areal Locations [...] Read more.
The maritime sector is under growing pressure to decarbonize, driving the adoption of alternative fuels such as methane, methanol, ammonia, and hydrogen. This study evaluates their thermal behavior and associated risks using Engineering Equation Solve software for heat transfer modeling and Areal Locations of Hazardous Atmospheres software for dispersion and explosion analysis in pipelines and storage scenarios. Results indicate that methane presents moderate and predictable risks, mainly from thermal effects in fires or Boiling Liquid Expanding Vapor Explosion events, with low toxicity. Methanol offers the safest operational profile, stable at ambient temperature and easily manageable, though it remains slightly flammable even when diluted. Ammonia shows the greatest toxic hazard, with impact distances reaching several kilometers even when emergency shutoff systems are active. Hydrogen, meanwhile, poses the most severe flammability and explosion risks, capable of autoignition and generating destructive overpressures. Thermal analysis highlights that cryogenic fuels require complex insulation systems, increasing storage costs, while methanol and gaseous hydrogen remain thermally stable but have lower energy density. The study concludes that methanol is the most practical transition fuel, when comparing thermal behavior and associated risks, while hydrogen and ammonia demand further technological and regulatory development. Proper insulation, ventilation, and automatic shutoff systems are essential to ensure safe decarbonization in maritime transport. Full article
(This article belongs to the Special Issue Advances in Green Hydrogen Energy Production)
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18 pages, 1439 KB  
Article
High-Resolution LC–MS Characterization of Ramaria flavobrunnescens, a Coral Mushroom Toxic to Livestock, Reveals Fungal, Bacterial, and Eucalyptus Tree Metabolites
by Megan J. Kelman, Justin B. Renaud, Joey B. Tanney, Mizael Machado and Mark W. Sumarah
Toxins 2026, 18(1), 53; https://doi.org/10.3390/toxins18010053 - 20 Jan 2026
Abstract
Ramaria flavobrunnescens is an ectomycorrhizal coral mushroom that is often found growing in eucalyptus forests. The mushroom has been linked to accidental ingestion-associated livestock poisonings in South America, though the toxicological agent has not yet been described. Mushroom samples identified as R. flavobrunnescens [...] Read more.
Ramaria flavobrunnescens is an ectomycorrhizal coral mushroom that is often found growing in eucalyptus forests. The mushroom has been linked to accidental ingestion-associated livestock poisonings in South America, though the toxicological agent has not yet been described. Mushroom samples identified as R. flavobrunnescens were analyzed by liquid chromatography high-resolution mass spectrometry (LC–MS/MS) to determine the potential source of the toxicity, and to provide a metabolomic profile of the species. Previously reported Ramaria secondary metabolites were detected, including ramarins, ramariolides, pistillarin and arsenic-containing compounds. A number of bacterial species were isolated from R. flavobrunnescens that produced iron-chelating cyclic peptides, which were detected in the mushroom samples. Interestingly, we detected a series of eucalyptus tree secondary metabolites in abundance from R. flavobrunnescens fruiting bodies, some of which have reported toxicities and bioactivities. To our knowledge, this is the first report of eucalyptus secondary metabolites in a mushroom. The diversity of secondary metabolites identified in the mushroom extracts provides insight into the potential complex ecological interactions between R. flavobrunnescens, its associated microbiota, and its mycorrhizal interaction with eucalyptus trees. Full article
(This article belongs to the Section Mycotoxins)
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14 pages, 1711 KB  
Article
Viscoelastic Properties of Organosilicon Fluid Interlayer at Low-Frequency Shear Deformations
by Tuyana Dembelova, Badma Badmaev, Aleksandr Mashanov, Dari Dembelova, Michael I. Ojovan and Migmar Darmaev
Fluids 2026, 11(1), 25; https://doi.org/10.3390/fluids11010025 - 19 Jan 2026
Abstract
The present work explores the viscoelastic properties of a homologous series of organosilicon fluids (polymethylsiloxane fluids) using the acoustic resonant method at a frequency of shear vibrations of approximately 100 kHz. The resonant method is based on investigating the influence of additional binding [...] Read more.
The present work explores the viscoelastic properties of a homologous series of organosilicon fluids (polymethylsiloxane fluids) using the acoustic resonant method at a frequency of shear vibrations of approximately 100 kHz. The resonant method is based on investigating the influence of additional binding forces on the resonant characteristics of the oscillatory system. The fluid under study was placed between a piezoelectric quartz crystal that performs tangential oscillations and a solid cover plate. Standing shear waves were established in the fluid. The thickness of the liquid layer was much smaller than the length of the shear wavelength, and low-amplitude deformations allowed for the determination of the complex shear modulus G* in the linear region, where the shear modulus has a constant value. The studies demonstrated the presence of a viscoelastic relaxation process at the experimental frequency, which is several orders of magnitude lower than the known high-frequency relaxation in liquids. In this work, the relaxation frequency of the viscoelastic process in the studied fluids and the effective viscosity were calculated, and the lengths of the shear wave and the attenuation coefficients were determined. Full article
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25 pages, 2848 KB  
Article
Sustainable Hazardous Mitigation and Resource Recovery from Oil-Based Drill Cuttings Through Slow Pyrolysis: A Kinetic and Product Analysis
by Andres Reyes-Urrutia, Anabel Fernandez, Rodrigo Torres-Sciancalepore, Daniela Zalazar-García, César Venier, César Rozas-Formandoy, Gastón Fouga, Rosa Rodriguez and Germán Mazza
Sustainability 2026, 18(2), 969; https://doi.org/10.3390/su18020969 - 17 Jan 2026
Viewed by 106
Abstract
The expansion of unconventional hydrocarbon extraction in the Vaca Muerta Formation (Argentina) has increased the generation of oil-based drill cuttings (OBDCs), a hazardous waste containing up to 20 wt% total petroleum hydrocarbons (TPHs) and trace metals. These characteristics pose risks to soil and [...] Read more.
The expansion of unconventional hydrocarbon extraction in the Vaca Muerta Formation (Argentina) has increased the generation of oil-based drill cuttings (OBDCs), a hazardous waste containing up to 20 wt% total petroleum hydrocarbons (TPHs) and trace metals. These characteristics pose risks to soil and groundwater, highlighting the need for sustainable treatment technologies that minimize environmental impacts and enable resource recovery. This study evaluates slow pyrolysis as a thermochemical route for OBDC stabilization and valorization. Representative samples were characterized through proximate, ultimate, and metal analyses, confirming a complex hydrocarbon–mineral matrix with 78.1 wt% ash, 15.9 wt% volatile matter, and 12.5 wt% TPH. Thermogravimetric analysis (10–20 °C min−1), combined with isoconversional methods, identified three pseudo-components with activation energies ranging from 41.9 to 104.5 kJ mol−1. Slow pyrolysis experiments in a fixed bed (400–650 °C) reduced residual TPH to below 1 wt% at temperatures ≥ 400 °C, meeting Argentine criteria for non-hazardous solids. The process also produced a condensed liquid organic fraction, supporting its potential within circular-economy strategies. Overall, the results show that slow pyrolysis is a viable and sustainable technology for reducing environmental risks from OBDC while enabling resource and energy recovery, contributing to a broader understanding of their thermochemical treatment. Full article
(This article belongs to the Section Energy Sustainability)
17 pages, 1978 KB  
Article
Challenging the Circular Economy: Hidden Hazards of Disposable E-Cigarette Waste
by Iwona Pasiecznik, Kamil Banaszkiewicz, Mateusz Koczkodaj and Aleksandra Ciesielska
Sustainability 2026, 18(2), 961; https://doi.org/10.3390/su18020961 - 17 Jan 2026
Viewed by 114
Abstract
Waste electrical and electronic equipment (WEEE) is one of the fastest-growing waste streams globally. Disposable e-cigarettes are among the products that have gained popularity in recent years. Their complex construction and embedded lithium-ion batteries (LIBs) present environmental, safety, and resource recovery challenges. Despite [...] Read more.
Waste electrical and electronic equipment (WEEE) is one of the fastest-growing waste streams globally. Disposable e-cigarettes are among the products that have gained popularity in recent years. Their complex construction and embedded lithium-ion batteries (LIBs) present environmental, safety, and resource recovery challenges. Despite growing research interest, integrated analyses linking material composition with user disposal behavior remain limited. This study is the first to incorporate device-level mass balance, material contamination assessment, battery residual charge measurements, and user behavior to evaluate the waste management challenges of disposable e-cigarettes. A mass balance of twelve types of devices on the Polish market was performed. Plastics dominated in five devices, while non-ferrous metals prevailed in the others, depending on casing design. Materials contaminated with e-liquid residues accounted for 4.4–10.7% of device mass. Battery voltage measurements revealed that 25.6% of recovered LIBs retained a residual charge (greater than 2.5 V), posing a direct fire hazard during waste handling and treatment. Moreover, it was estimated that 7 to 12 tons of lithium are introduced annually into the Polish market via disposable e-cigarettes, highlighting substantial resource potential. Survey results showed that 46% of users disposed of devices in mixed municipal waste, revealing a knowledge–practice gap largely independent of gender or education. Integrating technical and social findings demonstrates that improper handling is a systemic issue. The findings support the relevance of eco-design requirements, such as modular casings for battery removal, alongside the enforcement of Extended Producer Responsibility (EPR) schemes. Current product fees (0.01–0.03 EUR/unit) remain insufficient to establish an effective collection infrastructure, highlighting a key systemic barrier. Full article
(This article belongs to the Special Issue Resource Management and Circular Economy Sustainability)
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30 pages, 1843 KB  
Hypothesis
Can the Timing of the Origin of Life Be Inferred from Trends in the Growth of Organismal Complexity?
by David A. Juckett
Life 2026, 16(1), 153; https://doi.org/10.3390/life16010153 - 16 Jan 2026
Viewed by 89
Abstract
The origin of life embodies two fundamental questions: how and when did life begin? It is commonly conjectured that life began on Earth around 4 billion years ago. This requires that the complex organization of RNA, DNA, triplet codon, protein, and lipid membrane [...] Read more.
The origin of life embodies two fundamental questions: how and when did life begin? It is commonly conjectured that life began on Earth around 4 billion years ago. This requires that the complex organization of RNA, DNA, triplet codon, protein, and lipid membrane (RDTPM) architecture was easy to establish between the time the Earth cooled enough for liquid water and the time when early microorganisms appeared. These bracketing events create a narrow window of time to construct a completely operational self-replicating organic system of very high complexity. Another conjecture is that life did not begin on Earth but was seeded from life-bearing space objects (e.g., asteroids, comets, space dust), commonly referred to as panspermia. The second conjecture implies that life formed somewhere else and was part of the solar nebula, originating from an earlier generation star where there was more time available for the development of life. In this paper, the goal is to provide a hypothetical perspective related to the timing for the origin of pre-biotic chemistry and life itself. Using a form of complexity growth, biological features spanning from the present day back to early life on Earth were examined for trends across time. Genome sizes, gene number, protein–protein binding sites, energy for cell construction, mass of individual cells, the rate of cell mass growth, and a molecular complexity measure all yield highly significant regressions of linearly increasing complexity when plotted over the last 4 Gyr (billion years). When extrapolated back in time, intersections with simple complexities associated with each variable yield a mean value of 8.6 Gyr before the present time. This era coincides with the peak of star and planet formation in the universe. This speculative analysis is consistent with the second conjecture for the origin of life. The major assumptions of such an analysis are presented and discussed. Full article
(This article belongs to the Special Issue 2nd Edition—Featured Papers on the Origins of Life)
21 pages, 998 KB  
Article
Profiling the Aroma of Grape Spirits for Port Wine Using a Multi-Analytical GC Approach and Sensory Analysis
by Ilda Caldeira, Maria Loureiro, Nuno Martins, Sílvia Lourenço, Maria João Cabrita, Ricardo Silva, Sílvia M. Rocha and Fernando Alves
Appl. Sci. 2026, 16(2), 941; https://doi.org/10.3390/app16020941 - 16 Jan 2026
Viewed by 78
Abstract
Port wine production involves the addition of grape spirit to halt fermentation and retain natural sweetness. This spirit, produced by distilling wine and its by-products, must comply with legal standards, including a mandatory sensory assessment. Because grape spirit influences Port wine’s volatile composition, [...] Read more.
Port wine production involves the addition of grape spirit to halt fermentation and retain natural sweetness. This spirit, produced by distilling wine and its by-products, must comply with legal standards, including a mandatory sensory assessment. Because grape spirit influences Port wine’s volatile composition, this study investigated the odour-active compounds present in several grape spirits intended for fortification. Volatile compounds were extracted by liquid–liquid extraction, concentrated, and analysed using gas chromatography–olfactometry (GC-O) and gas chromatography–mass spectrometry (GC-MS). In GC-O, based on frequency detection, a panel of assessors sniffed the extracts to determine the presence of aroma compounds. The results revealed a wide range of odour-active compounds in grape spirits, belonging to several chemical families such as esters, alcohols, terpenic compounds and acids. These compounds exhibited both pleasant aromas, such as fruity, floral and caramel notes as well as undesirable ones like cheese and foot odour. Most of these compounds originate from the fermentation process and are also found in other unaged distilled beverages, including young Cognac, Calvados and fruit spirits. This research highlights the aromatic complexity of grape spirits and, for the first time, determined the aroma thresholds for 25 of 36 the compounds studied at an ethanol content of 20%. Full article
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14 pages, 5048 KB  
Article
Transmissive Multilayer Geometric Phase Gratings Using Water-Soluble Alignment Material
by Fatemeh Abbasi, Kristiaan Neyts, Inge Nys and Jeroen Beeckman
Crystals 2026, 16(1), 62; https://doi.org/10.3390/cryst16010062 - 15 Jan 2026
Viewed by 112
Abstract
Multilayer liquid crystal devices can offer enhanced optical functionalities for augmented reality and photonic applications, but fabrication remains severely limited by solvent incompatibility between photoalignment materials and underlying polymerized layers. Conventional photoalignment agents use aggressive solvents like N,N-dimethylformamide that damage polymerized substrates, necessitating [...] Read more.
Multilayer liquid crystal devices can offer enhanced optical functionalities for augmented reality and photonic applications, but fabrication remains severely limited by solvent incompatibility between photoalignment materials and underlying polymerized layers. Conventional photoalignment agents use aggressive solvents like N,N-dimethylformamide that damage polymerized substrates, necessitating protective interlayers. This study demonstrates a water-soluble photoalignment approach using AbA-2522 that eliminates these fabrication barriers. The water-soluble alignment material enables direct multilayer processing without layer damage while maintaining alignment quality equivalent to conventional materials. We successfully fabricate compact transmissive devices integrating liquid crystal polarization gratings with quarter-wave plates, achieving a first-order diffraction efficiency of 65.4% for 9 μm period gratings for linearly polarized incident light (λ = 457 nm). The multilayer structure exhibits highly selective polarization-dependent diffraction with efficiency ratios exceeding 10:1 between preferred and suppressed orders, eliminating external polarization control elements. Polarized optical microscopy confirms excellent alignment uniformity, while the fabrication process offers environmental benefits and reduced complexity. This approach establishes a practical pathway for advanced multilayer photonic devices critical for next-generation augmented reality systems and photonic integration, addressing fundamental challenges that have limited multilayer liquid crystal device development. Full article
(This article belongs to the Collection Liquid Crystals and Their Applications)
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19 pages, 813 KB  
Review
Maca (Lepidium meyenii) as a Functional Food and Dietary Supplement: A Review on Analytical Studies
by Andreas Wasilewicz and Ulrike Grienke
Foods 2026, 15(2), 306; https://doi.org/10.3390/foods15020306 - 14 Jan 2026
Viewed by 297
Abstract
Maca (Lepidium meyenii Walp.), a Brassicaceae species native to the high Andes of Peru, has gained global attention as a functional food and herbal medicinal product due to its endocrine-modulating, fertility-enhancing, and neuroprotective properties. Although numerous studies have addressed its biological effects, [...] Read more.
Maca (Lepidium meyenii Walp.), a Brassicaceae species native to the high Andes of Peru, has gained global attention as a functional food and herbal medicinal product due to its endocrine-modulating, fertility-enhancing, and neuroprotective properties. Although numerous studies have addressed its biological effects, a systematic and up-to-date summary of its chemical constituents and analytical methodologies is lacking. This review aims to provide a critical overview of the chemical constituents of L. meyenii and to evaluate analytical studies published between 2000 and 2025, focusing on recent advances in extraction strategies and qualitative and quantitative analytical techniques for quality control. Major compound classes include macamides, macaenes, glucosinolates, and alkaloids, each contributing to maca’s multifaceted activity. Ultra-(high-)performance liquid chromatography (U(H)PLC), often coupled with ultraviolet, diode array, or mass spectrometric detection, is the primary and most robust analytical platform due to its sensitivity, selectivity, and throughput, while ultrasound-assisted extraction improves efficiency and reproducibility. Emerging techniques such as metabolomics and chemometric approaches enhance quality control by enabling holistic, multivariate assessment of complex systems and early detection of variations not captured by traditional univariate methods. As such, they provide complementary, predictive, and more representative insights into maca’s phytochemical complexity. The novelty of this review lies in its integration of conventional targeted analysis with emerging approaches, comprehensive comparison of analytical workflows, and critical discussion of variability related to phenotype, geographic origin, and post-harvest processing. By emphasizing analytical standardization and quality assessment rather than biological activity alone, this review provides a framework for quality control, authentication, and safety evaluation of L. meyenii as a functional food and dietary supplement. Full article
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17 pages, 1011 KB  
Review
Biomolecular Condensates in Disease: Decoding the Material State and Engineering Precision Modulators
by Biwei Han, Boxian Li, Xingyue Wang and Liang Wang
Int. J. Mol. Sci. 2026, 27(2), 837; https://doi.org/10.3390/ijms27020837 - 14 Jan 2026
Viewed by 106
Abstract
The recognition of liquid–liquid phase separation (LLPS) as a widespread organizing principle has revolutionized our view of cellular biochemistry. By forming biomolecular condensates, cells spatially orchestrate reactions without membranes. However, the dysregulation of this precise physical organization is emerging as a driver of [...] Read more.
The recognition of liquid–liquid phase separation (LLPS) as a widespread organizing principle has revolutionized our view of cellular biochemistry. By forming biomolecular condensates, cells spatially orchestrate reactions without membranes. However, the dysregulation of this precise physical organization is emerging as a driver of diverse pathologies, collectively termed “Condensatopathies.” Unlike traditional proteinopathies defined by static aggregates, these disorders span a dynamic spectrum of material state dysfunctions, from the failure to assemble essential compartments to the formation of aberrant, toxic phases. While research has largely focused on neurodegeneration and cancer, the impact of condensate dysfunction likely extends across broad physiological landscapes. A central unresolved challenge lies in deciphering the “molecular grammar” that governs the transition from functional fluids to pathological solids and, critically, visualizing these transitions in situ. This “material science” perspective presents a profound conundrum for drug discovery: how to target the collective physical state of a protein ensemble rather than a fixed active site. This review navigates the evolving therapeutic horizon, examining the limitations of current pharmacological approaches in addressing the complex “condensatome.” Moving beyond inhibition, we propose that the future of intervention lies in “reverse-engineering” the biophysical codes of phase separation. We discuss how deciphering these principles enables the creation of programmable molecular tools—such as synthetic peptides and state-specific degraders—designed to precisely modulate or dismantle pathological condensates, paving the way for a new era of precision medicine governed by soft matter physics. Full article
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30 pages, 8378 KB  
Article
Fund Similarity: A Use of Bipartite Graphs
by Ren-Raw Chen, Liangbingyan Luo, Yihui Wang and Xiaohu Zhang
Information 2026, 17(1), 83; https://doi.org/10.3390/info17010083 - 13 Jan 2026
Viewed by 113
Abstract
Fund similarity is important for investors when constructing diversified portfolios. Because mutual funds do not always adhere closely to their stated investment policies, investors may unintentionally hold funds with overlapping exposures, leading to reduced diversification and instead causing “diworsification”, which is an investment [...] Read more.
Fund similarity is important for investors when constructing diversified portfolios. Because mutual funds do not always adhere closely to their stated investment policies, investors may unintentionally hold funds with overlapping exposures, leading to reduced diversification and instead causing “diworsification”, which is an investment term for when too much complexity leads to worse results. As a result, various quantitative methods have been proposed in the literature to investigate fund similarity, primarily using portfolio holdings. Recently, machine learning tools such as clustering and graph theory have been introduced to capture fund similarity. This paper builds on this literature by applying bipartite graphs and node2vec embeddings to a comprehensive dataset that covers 3874 funds over a nearly 6-year period. Our empirical evidence suggests that, bipartiteness is not preserved for non-index (active) funds. Furthermore, while graph embeddings yield higher similarity scores than holding-based measures, they do not necessarily outperform holding-based similarity in explaining returns. These findings suggest that graph-based embeddings capture structural relationships among funds that are distinct from direct portfolio overlap but are not sufficient substitutes when similarity is evaluated solely through returns. As a result, we recommend a more comprehensive similarity measure that includes important risk metrics such as volatility risk, liquidity risk, and systemic risk. Full article
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15 pages, 1506 KB  
Review
Lipid Analysis by Thin-Layer Chromatography—Detection, Staining and Derivatization
by Johanna W. Schubarth, Jenny Leopold, Kathrin M. Engel and Jürgen Schiller
Lipidology 2026, 3(1), 3; https://doi.org/10.3390/lipidology3010003 - 13 Jan 2026
Viewed by 171
Abstract
Thin-layer chromatography (TLC) remains a widely used, cost-effective and convenient method to separate small molecules, particularly in the field of natural products and (phospho)lipids. Despite advances in chromatographic methods such as high-performance liquid chromatography (HPLC), TLC retains several advantages, including simplicity and accessibility. [...] Read more.
Thin-layer chromatography (TLC) remains a widely used, cost-effective and convenient method to separate small molecules, particularly in the field of natural products and (phospho)lipids. Despite advances in chromatographic methods such as high-performance liquid chromatography (HPLC), TLC retains several advantages, including simplicity and accessibility. However, a critical step is the visualization of the separated lipids on the TLC plate. Although the majority of the regularly used methods were established decades ago, there are still a number of potential pitfalls and widely unknown aspects. This review provides a concise overview about commonly used stationary phases and the solvent systems in TLC analysis of lipids. The main focus is on visualization techniques, spanning from non-specific, destructive (charring by semi-concentrated acids) to specific, non-destructive approaches (e.g., exposition to iodine to monitor unsaturated lipids). The advantages and disadvantages of the different methods will be critically discussed and frequently occurring problems highlighted. Furthermore, the combination of TLC with mass spectrometry (MS) detection will be introduced, covering both extraction-based electrospray ionization MS techniques as well as desorption techniques such as matrix-assisted laser desorption/ionization MS. MS detection, while generally more sensitive and offering molecular specificity, introduces higher technical and financial requirements compared to conventional staining. Nonetheless, the combination of TLC with MS holds significant potential for enhancing lipidomic workflows, particularly in complex biological samples. Full article
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18 pages, 999 KB  
Article
Direct Liquid Phase Hydroxylation of Benzene to Phenol over Iron-Containing Mordenite Catalysts: Combined DLS–EPR Study and Thermodynamic–Stability Analysis
by E. H. Ismailov, L. Kh. Qasimova, S. N. Osmanova, A. I. Rustamova, L. V. Huseynova, S. A. Mammadkhanova and Sh. F. Tagiyeva
Catalysts 2026, 16(1), 89; https://doi.org/10.3390/catal16010089 - 13 Jan 2026
Viewed by 244
Abstract
Direct hydroxylation of benzene to phenol using hydrogen peroxide is a cornerstone of sustainable green chemistry. This paper presents the results of a stability study of an iron-containing mordenite catalyst in the liquid-phase hydroxylation of benzene to phenol with a 30% aqueous hydrogen [...] Read more.
Direct hydroxylation of benzene to phenol using hydrogen peroxide is a cornerstone of sustainable green chemistry. This paper presents the results of a stability study of an iron-containing mordenite catalyst in the liquid-phase hydroxylation of benzene to phenol with a 30% aqueous hydrogen peroxide solution. The study utilizes a combination of catalytic activity measurements, dynamic light scattering (DLS), and electron paramagnetic resonance (EPR) spectra. The system is initially shown to exhibit high phenol selectivity; however, over time, DLS measurements indicate aggregation of the catalyst particles with an increase in the average particle diameter from 1.8 to 2.6 μm and the formation of byproducts–dihydroxybenzenes. Iron is present predominantly as magnetite nanoparticles (Fe3O4) ~10 nm in diameter, stabilized on the outer surface of mordenite, with minor leaching (<10%) due to the formation of iron ion complexes with ascorbic acid as a result of the latter’s interaction with magnetite particles. Using a thermodynamic approach based on the Ulich formalism (first and second approximations), it is shown that the reaction of benzene hydroxylation H2O2 in the liquid phase is thermodynamically quite favorable (ΔG° = −(289–292) kJ·mol−1 in the range of 293–343 K, K = 1044–1052). It is shown that ascorbic acid acts as a redox mediator (reducing Fe3+ to Fe2+) and a regulator of the catalytic medium activity. The stability of the catalytic system is examined in terms of the Lyapunov criterion: it is shown that the total Gibbs free energy (including the surface contribution) can be considered as a Lyapunov functional describing the evolution of the system toward a steady state. Ultrasonic (US) treatment of the catalytic system is shown to redisperse aggregated particles and restore its activity. It is established that the catalytic activity is due to nanosized Fe3O4 particles, which react with H2O2 to form hydroxyl radicals responsible for the selective hydroxylation of benzene to phenol. Full article
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