Process Optimization

Japan's Idemitsu shuts Chiba naphtha cracker

TOKYO (Reuters) — Japan's Idemitsu Kosan shut the 414,000 tpy Chiba naphtha cracker on Friday to increase its capacity to process propane, an industry source familiar with the matter said.

Grace Licenses process technology, services to Ningxia Baofeng Energy Group

COLUMBIA, Md. — W. R. Grace & Co., a supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL PP process technology and services to Ningxia Baofeng Energy Group Co., Ltd. for a new methanol-to-olefin (MTO) facility in Ningxia, China. The new reactor line is expected to begin operations in late 2018.

Siemens, PAS announce partnership to provide industrial control system cybersecurity

Siemens and PAS Global, a provider of industrial control system (ICS) cybersecurity solutions, announced an agreement to provide fleet-wide, real time monitoring for control systems.

Baker Hughes, KBC partner on integrated process, operational software solutions

PARIS — Baker Hughes, a GE company and KBC a wholly owned subsidiary of Yokogawa Electric Corporation, announced a preferred partnership that will provide a combination of process simulation, asset performance management and operational software solutions to the oil and gas industry.

GE awards INEOS for water technology at Scottish petchem plant

TREVOSE, PA. — GE Water & Process Technologies has honored INEOS with its prestigious Ecomagination Leadership and Return on Environment (ROE) awards to recognize the petrochemical manufacturer for its noteworthy reductions in water usage and associated costs savings on its KG ethylene plant at its petrochemical complex in Grangemouth, Scotland.

Emerson launches industry-first controller for automation versatility, IIoT-enabled operations

AUSTIN, Texas — Emerson is launching the DeltaV PK Controller, making the advanced automation of its DeltaV distributed control system (DCS) available to fast-growth industries traditionally less reliant on large-scale automation.

HF alkylation conversion is finally within reach—Part 1

Because of its clean-fuel properties (paraffinic, high octane, low vapor pressure and very low sulfur), alkylate is considered one of the most desired components in the gasoline pool.

Compact Membrane Systems unveils new olefins separations technology in pilot

NEWPORT, Del. — Compact Membrane Systems (CMS) unveiled Optiperm, a membrane-based olefin paraffin separation technology, with a pilot system at the Delaware City Refining Company site in Delaware City, DE.

MeadCo launches ScriptX 8.0 for the oil and gas industry

UK company MeadCo launched ScriptX 8.0 to the oil and gas industry. ScriptX provides consistent printing of daily reports, equipment lists and all critical documents, both on and off shore, from Internet Explorer.

Using an improved method of capitalized cost to evaluate alternatives

Kerr, C. P., Contributing Writer

The method of capitalized cost is often used to determine the most desirable economic alternative. In its most simplified form, it consists of the original cost of an alternative plus the capital cost of a perpetuity needed to generate funds to replace the item at known intervals of useful-life.