Petrochemicals
Wison Engineering awarded 40 MMtpy ethylene cracking contract from zhejiang
SHANGHAI — Wison Engineering announced that its non-wholly owned subsidiary, Wison Engineering (China) Limited, was awarded a contract by Zhejiang Petrochemical Co., Ltd to deliver nine ethylene cracking furnaces for a 40 MMtpy refining and chemical integrated complex (Phase I). The 9 ethylene cracking furnaces will be in modularized fabrication and scheduled to be delivered in modular by early 2018.
LPG subsidy burden climbs as Indonesia considers price hike
JAKARTA (Reuters) — The cost of Indonesia's subsidy on LPG is increasing, leading to the country paying at least half of the cost of the fuel, said an official from state-owned energy company Pertamina on Tuesday.
Blast at China petrochemical plant kills eight, injures nine
SHANGHAI (Reuters) — An explosion rocked a petrochemical plant in China's eastern province of Shandong on Monday, killing eight people and injuring nine, state media and local government officials said.
People
Randy Schmidt has been named Managing Director of the Burns & McDonnell Terminals and Pipelines group, replacing Ted Born, who is retiring.
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking more than 1,700 active downstream projects around the world.
Industry Metrics
US gasoline demand increased with the shift to summer fuels and higher export opportunities to Latin America.
Business Trends: The digital frontier and the process industry
Is a digital revolution underway in the process industry? For years, we have been hearing more and more about the Industrial Internet of Things (IIoT), Industry 4.0, Connected xxx (plant, enterprise, field, performance, etc.), smart Clouds, smart devices and so on. These concepts share numerous similarities, usually with a slightly different twist depending on who is promoting or selling them. But is the hype and buzz rapidly spreading to day-to-day applications and implementations? Not quite.
Industry Perspectives: The digitalization of the downstream industry
The digitalization of the hydrocarbon processing industry (HPI) is in full swing. Numerous companies have created, and are optimizing, digital technologies to improve plant operations, increase energy efficiency and lower costs.
Digital: Transitioning from the spreadsheet to the Cloud
The Industrial Internet of Things is expected to create a $225-B market by 2020, opening new opportunities for industrial organizations related to data and asset management.
Editorial Comment: Optimizing our message to the oil and gas industry
The pages of <i>Hydrocarbon Processing</i> contain numerous case studies, techniques, advice and step-by-step approaches to optimizing downstream operations. These elements have been the focus of the magazine for the last 95 yr.
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