Petrochemicals
Refining: Winning strategies for oil producers
The prospect of peak oil demand will put pressure on resource-rich national oil companies (NOCs).
Reliability: Preserve what worked well in 1980
The second CCC implementation strategy involved so-called “shirt sleeve seminars.”
People
Susan Dio has been appointed Chairman and President of BP America Inc., BP’s chief representative in the US.
Show Preview: IRPC Europe returns to Italy this June
Gulf Energy Information and Hydrocarbon Processing are pleased to provide a preview of IRPC Europe 2018, which will be held June 5–7 in Milan.
Global Project Data
According to Hydrocarbon Processing’s Construction Boxscore Database, Asia, the Middle East and the US contain 66% of all active downstream construction projects globally.
Industry Metrics
Atlantic Basin markets strengthened amid the onset of refinery maintenance season, while US support came from higher gasoline demand and gasoline price adjustments from the switch to summer RVP.
Innovations
Ross Systems and Controls (SysCon) recently completed the qualification to self-certify its touchscreen purged panels as meeting the rigorous standards of Underwriters Laboratories’ UL-698A Code and the National Fire Protection Association’s NFPA-496 Code.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database and <i>HPI Market Data 2018,</i> total capital expenditures (CAPEX) in the global petrochemical sector are more than $440 B.
Business Trends: Asia and Europe join the feedstock evolution with steam crackers
Steam crackers lay at the heart of petrochemical operations.
Industry Perspectives: China holds nearly half of all petrochemical projects in Asia
Over the past decade, the Asia-Pacific region has been the leader in total active projects in all sectors of the downstream processing industry.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announces $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
