Petrochemicals
Industry Metrics
With the exception of fuel oil, US product markets showed losses against pressure from across the barrel and high crude oil prices.
Industry Perspectives: The latest advancements in refining/petrochemical technologies on display
From September 25–26, Hydrocarbon Processing will bring its International Refining and Petrochemical Conference (IRPC) back to the US.
Viewpoint: The need for change—Why the industry is looking at crude-to-chemicals
As the world’s population increases and living standards continue to improve, the demand for energy and chemicals is stronger than ever before.
Industry Forecast: MCAA market forecast projects industry to hit $16 B by 2022
The 2017 process instrumentation and automation (PI&A) market in the US, valued at $13.4 B, is projected to grow 3.7% by 2022 to a total of $16 B.
Digital: Improve chemical production with the IoT
If chemical companies want to remain competitive and move forward in a changing world, they must rapidly adopt innovative technologies.
Ensure a truly rigorous relief valve sizing method
Pressure relief valves (PRVs) protect equipment from excessive overpressure and, in case of emergency situations, they should ensure a sufficient discharge of mass to reduce the pressure below the recommended pressure limits.
Valves Outlook
Although overall industry growth is not substantial from 2017 to 2018, it translates to $66 MM more in valve shipments for the year, which is a positive sign for the industry.
Construction
Toyo Engineering (Toyo) was awarded a contract to deliver a large-scale steam cracker complex in Malaysia.
Cybersecurity
Unfortunately, nation states appear to be launching cybersecurity attacks on other nation states.
Editorial Comment
In early June, Hydrocarbon Processing and Eni—an Italian multinational oil and gas company—hosted the annual International Refining and Petrochemical Conference (IRPC) in Milan, Italy.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
