Crude oil
Business Trends: How plastics waste recycling could transform the chemical industry
If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 MMtpy in 2016 to 460 MMtpy by 2030, taking what is already a serious environmental problem to a new level.
Industry Metrics
In the US, soaring gasoline stocks and poor fuel oil performance were offset by strong heating oil demand and higher product prices caused by weather-related refinery outages.
Europe: Russian petrochemicals industry on the verge of large-scale growth
The Russian government has announced its plan to increase the volume of support for its domestic petrochemicals industry over the next several years, with the aim of doubling its production and boosting exports, according to Russian Minister of Energy Alexander Novak and the press service of the Russian Presidential Administration.
Industry Metrics
US refinery margins saw losses as product stocks rose, pressured by seasonally lower gasoline demand and subdued heating oil requirements.
Business Trends: The state of process safety and operational risk management—Feeling the squeeze
The 2018 edition of Petrotechnics’ process safety management (PSM) and operational risk management report builds on insights gained from the 2017 survey.
Refining: Extend the life of storage tanks with a novel single-coat epoxy coating
In the oil and gas industry, time is money.
Editorial Comment: The materials that advance modern life
Refineries and petrochemical plants contain some of the harshest environments on the planet.
Welded plate heat exchangers cut refinery process costs—Part 1
Plate and frame (P&F) heat exchangers were first manufactured 100 yr ago for use in the dairy industry.
Viewpoint: The NOC-on-effect—Transforming the face of the refining industry
A new era of game-changing competition is about to take over and transform the refining industry as we know it.
Innovations
Claroty has made several significant enhancements to its Continuous Threat Detection product.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
