Europe
HP Viewpoint: The data revolution
The world’s population is expected to exceed 9 B people by 2040, and the corresponding energy demand for many of these newly affluent consumers will rise similarly. For the industrial sector, mor..
HP Industry Perspectives: RFS—An endless loop
Renewable fuels remain a huge burden for the global refining industry. Today’s transportation fuels, when used with later-model vehicles, have dramatically reduced tailpipe emissions. With much p..
HP News
Qatar Petroleum and Shell cancel $6.5-B petrochemical project in Qatar Royal Dutch Shell and Qatar Petroleum (QP) have canceled the $6.5-B Al-Karaana petrochemical project in Qatar, which will signifi..
HP Industry Metrics
Mid-January saw the continued decline of monthly average Brent crude oil prices, which fell $17/bbl from November to a monthly average of $62/bbl. The continual price decrease reflects US tight oil pr..
HP People
ABB’s board of directors unanimously nominated Peter Voser to succeed Hubertus von Grünberg as chairman.
Multi-faceted approach on energy efficiency methods
The hydrocarbon processing industry (HPI) is a high-energy-consuming business. After cost for feedstocks, energy is the next largest operating expense for an HPI facility. Since the first oil embargo ..
Total inks new labor agreement with global union
A committee made up of members from Total and IndustriALL will meet annually to ensure that the agreement has been implemented and to identify and promote best practices.
Alfa Laval to close Tranter welded heat exchangers complex in Germany
The intention is to close the site in Artern, Germany, by July 31 2015, while consolidating the heat exchangers business with another site in Germany. The change will affect about 70 employees.
Hyperion, RSI launch new company for operator training simulations
HyperionRSI Simulation, a company jointly owned by Hyperion Systems Engineering and RSI, will offer simulation solutions based on the IndissPlus simulation technology.
Indorama buys new Polyplex PET plant in Turkey
Following the acquisition of the 130,000-tpy Artenius Turkpet plant (now renamed Indorama Ventures Adana PET) in the second quarter of 2014, the company will have a combined capacity of 382,000 tons, making IVL the top domestic PET producer in Turkey and the Southeast Europe region.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
