Management

Borouge increases Q1 net profit nearly 40% to $273 MM

Borouge saw its Q1 net profits increase 37% to $273 MM. Total revenue for the quarter topped $1.3 B.

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.

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.

Business Trends: Global chemicals industry outlook for 2024

After a challenging end to 2022, many in the chemical industry anticipated a modest rebound in production in 2023. However, by mid-2023, several chemical companies significantly lowered their expectations.

Improve energy efficiency of assets

Navigating the complex LNG value chain

Throughout the last two decades, LNG technology improvements have built a global natural gas market. This globalization has led to an increase in demand, but also an increase in instability, as changing global events and the drive towards increased sustainability in energy sources have created market fluctuations from all directions.

Executive Viewpoint: FCC propylene production, catalysts technologies and new solutions

Welcome to <i>Hydrocarbon Processing’s</i> new Executive Series. In this enhanced video platform, the editors speak with the operators and technology leaders and suppliers that are optimizing the global hydrocarbon processing industry (HPI).

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.

Neste completes its organizational change process to improve long-term competitiveness

Neste announced that it will merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working.

bp awards Kent a five-year global commissioning framework agreement

Kent, a global integrated energy services company, announced that it has been awarded a five-year global commissioning framework agreement by bp.