Construction
Improving certainty in uncertain times by building an IIoT-ready plant
Historical statistics indicate that 25% of projects have budget overruns and a further 50% have schedule slippage.
Construction
Toyo Engineering (Toyo) was awarded a contract to deliver a large-scale steam cracker complex in Malaysia.
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.
Global Project Data
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 1,600 projects around the world, representing more than $1.8 T in capital expenditures.
Decline in LNG contract lengths and volumes raises future supply concerns
A dramatic acceleration of a trend toward smaller volumes and shorter tenures for LNG contracts in 2017 highlights the growing commoditization of the global LNG market, even as it raises troubling questions about future supply.
Editorial Comment: What is the future role of the process engineer?
During the American Institute of Chemical Engineers’ (AIChE’s) Spring Meeting, held in Orlando, Florida in April, I was honored to sit on a panel discussion with Paul Durand from ExxonMobil and Sanjeev Kapur from Apex PetroConsultants.
Industry Perspectives
Petrochemicals and gas processing/LNG sectors see largest increase in new projects.
Global Project Data
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 450 downstream projects are under construction around the world.
Creating a ‘win-win’ between construction contractor and project owner—Part 2
For large projects, construction represents the biggest cost component and the greatest risk.
Simplification reduces risks and cuts costs
A facility’s ability to operate safely is the determining factor in its success or failure.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
