AI
Aspentech announces new and expanded capabilities in latest version of aspenONE
Aspen Technology, Inc. introduced new and expanded capabilities now available in aspenONE®, helping customers achieve new levels of operational excellence with expanded Industrial AI throughout the portfolio, additional integration of industrial data management across solutions, and advancements in planning and scheduling capabilities.
Artificial intelligence for engineering a better tomorrow—Part 2
Part 1 of this article—published in the April issue —explored the importance and application of artificial intelligence (AI) techniques in the domain of advanced process design and engineering. Part 2 focuses on the use of AI for autocorrecting engineering drawings.
Digital transformation shapes the oil and gas industry: Achieving unparalleled growth and operational efficiency
The oil and gas industry is facing numerous challenges that are impacting its profitability and future growth.
Innovations
Emerson has introduced the Fisher™ easy-Drive™ 200R Electric Actuator for use on Fisher butterfly and ball valves.
ADNOC, G42 and Presight partner to accelerate AI solutions for the energy sector
ADNOC, G42 and Presight AI Holding Plc., an ADX publicly listed company, have announced a new shareholding structure for AIQ.
Artificial intelligence for engineering a better tomorrow—Part 1
Artificial intelligence (AI) in engineering a better tomorrow refers to the concept of utilizing AI technologies to enhance and innovate the field of engineering. This concept includes the integration of AI into various engineering disciplines to improve efficiency, accuracy and innovation.
Create business value with human-centric digital transformation
In today’s turbulent global geopolitical and economic landscape, key decision makers at industrial manufacturing organizations are exercising caution when considering new spending. However, despite this moderation, company shareholders expect ever-increasing returns.
Decarbonization opportunities in refinery and petrochemical complex-organic Rankine cycles
In an organization’s pursuit of decarbonization, significant opportunities exist in recovering waste heat from high-temperature streams instead of rejecting it to heat sinks. This article analyzes the economics of using the organic Rankine cycle (ORC) to recover waste heat and generate electricity.
Editorial Comment: Maintenance and inspection pathways/technologies to optimize unit reliability
Unit uptime is one of the most important aspects in refining and petrochemical plant operations. Work stoppages due to any number of causes can be detrimental to profitability; therefore, it is imperative to utilize best practices, technologies, techniques and know-how to ensure processing units operate efficiently and safely.
Business Trends: A 2024 and beyond outlook for the GCC chemical industry
The global chemical industry faced a challenging year in 2023. Various factors contributed to sluggish demand growth for chemicals globally, including the European recession, U.S. inflation and a lower-than-expected chemical demand rebound in China. These factors resulted in global chemical market growth of < 1% in 2023, with many producers experiencing lower output.
- Shell Aviation, Accenture, and Amex GBT expand Avelia into a multi-supplier SAF solution 7/16
- ORLEN and Krajowa Grupa Spożywcza sign MoU to accelerate biomethane production in Poland 7/16
- New plants, U.S. trade worries to drive China's 2025 naphtha imports to record 7/16
- Blue Water significantly reduces CO2 emissions by switching to HVO in port operations 7/16
- Swire Shipping launches new carbon insetting program – ‘Voyage to Zero’ 7/16
- China's surplus crude oil surges in June, giving refiners options 7/16
