Petrochemicals
Supply Chain: How to reduce piping inventory
Piping represents a significant part of the plant cost, ranging from 15%–25%.1 Materials stored in warehouses or storage facilities cost companies in terms of personnel, materials, time, space, insurance, risk, etc. This article proposes cost-saving strategies for inventory reduction. Further, it emphasizes consistent naming conventions to avoid creating duplicate/redundant items.
Optimize the “molecule management” of butanes for transportation fuels and petrochemical applications
With new legislative measurements implemented to combat global climate change, global environmental protection regulations are becoming more stringent. Tighter specifications are being enforced on gasoline pool components.
Editorial Comment: Optimizing operations and recognizing achievements
Over the next two months, <ital>Hydrocarbon Processing</ital> will host two separate events for a global audience. One will gather the brightest minds in the industry to share the latest innovations and technologies in the industry, while the other will recognize the leaders in advancing the industry toward safer and more reliable, sustainable and profitable operations. Both events—<ital>Hydrocarbon Processing’s</ital> IRPC and the HP Awards—will be streamed on digital platforms and free to view.
Advanced analytics drive IIoT success
Refineries and petrochemical plants face similar challenges in daily operations. Each must mitigate risk, anticipate maintenance, optimize operations and minimize expenses. To achieve these goals, plant personnel rely heavily on data to drive decisions.
OT/IT integration for profit-driven operation
Operational technology/information technology integration is required for sharing information among all levels of manufacturing organizations to achieve profit-driven operation, which helps process industry companies implement real-time production performance improvements that are aligned from the management level to the plant floor.
Innovations
Sphera has released a new Interactive piping and instrumentation diagram (P&ID) solution that helps organizations break down silos between their operations, maintenance and engineering departments while simplifying isolation planning.
Project Management: Four tips for navigating a shutdown, turnaround or outage successfully
In the oil and gas sector, managing a shutdown, turnaround, or even an outage is an unavoidable requirement.
Executive Viewpoint: How to develop a successful asset management strategy during the coronavirus downturn
The coronavirus (COVID-19) has disrupted all sectors of the oil and gas industry, including asset management.
People
The Marathon Petroleum Corp. board of directors has elected John P. Surma to serve as non-executive Chairman.
Industry Metrics
Refinery margins in the U.S. Atlantic basin rebounded. Deeper refinery intake cuts, as well as the low feedstock price environment, helped offset unappealing demand-side signals.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
