Petrochemicals
Global Project Data
According to <i>Hydrocarbon Processing</i>’s Construction Boxscore Database, nearly 150 new projects have been announced in the downstream processing industries this year.
Industry Metrics
With the exception of fuel oil, US product markets showed losses against pressure from across the barrel and high crude oil prices.
Industry Perspectives: The latest advancements in refining/petrochemical technologies on display
From September 25–26, Hydrocarbon Processing will bring its International Refining and Petrochemical Conference (IRPC) back to the US.
Viewpoint: The need for change—Why the industry is looking at crude-to-chemicals
As the world’s population increases and living standards continue to improve, the demand for energy and chemicals is stronger than ever before.
Industry Forecast: MCAA market forecast projects industry to hit $16 B by 2022
The 2017 process instrumentation and automation (PI&A) market in the US, valued at $13.4 B, is projected to grow 3.7% by 2022 to a total of $16 B.
Digital: Improve chemical production with the IoT
If chemical companies want to remain competitive and move forward in a changing world, they must rapidly adopt innovative technologies.
Ensure a truly rigorous relief valve sizing method
Pressure relief valves (PRVs) protect equipment from excessive overpressure and, in case of emergency situations, they should ensure a sufficient discharge of mass to reduce the pressure below the recommended pressure limits.
Valves Outlook
Although overall industry growth is not substantial from 2017 to 2018, it translates to $66 MM more in valve shipments for the year, which is a positive sign for the industry.
Construction
Toyo Engineering (Toyo) was awarded a contract to deliver a large-scale steam cracker complex in Malaysia.
Cybersecurity
Unfortunately, nation states appear to be launching cybersecurity attacks on other nation states.
- 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
