Industry Perspectives: The digitalization of the downstream industry
The digitalization of the hydrocarbon processing industry (HPI) is in full swing. Numerous companies have created, and are optimizing, digital technologies to improve plant operations, increase energy efficiency and lower costs.
Business Trends: The digital frontier and the process industry
Is a digital revolution underway in the process industry? For years, we have been hearing more and more about the Industrial Internet of Things (IIoT), Industry 4.0, Connected xxx (plant, enterprise, field, performance, etc.), smart Clouds, smart devices and so on. These concepts share numerous similarities, usually with a slightly different twist depending on who is promoting or selling them. But is the hype and buzz rapidly spreading to day-to-day applications and implementations? Not quite.
Industry Metrics
US gasoline demand increased with the shift to summer fuels and higher export opportunities to Latin America.
Global Project Data
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 1,700 active downstream projects around the world.
Innovations
Siemens has been working closely with the National Cybersecurity Center of Excellence (NCCoE) at the National Institute of Standards and Technology (NIST) on a cyber security project.
People
Randy Schmidt has been named Managing Director of the Burns & McDonnell Terminals and Pipelines group, replacing Ted Born, who is retiring.