Industry Perspectives: Secondary unit construction surges in the near term
Although the refining industry is expected to add more than 7 MMbpd of new distillation capacity by the early 2020s, the global refining industry will witness a boost in secondary processing capacity, as well.
Business Trends: Rejuvenating the contract “spine” of megaprojects—Part 1
Business executives and project managers are grappling with challenging business environments and a 20-yr legacy of failing megaprojects.
Industry Metrics
US refining margins showed slight gains on the top of the barrel as a result of cold weather-related refinery outages, rebounding slightly from the previous month.
Global Project Data
According to Hydrocarbon Processing's HPI Market Data 2018,’ total capital expenditures (CAPEX) are expected to reach $144 B in 2018.
Innovations
Hawk Measurement Systems has announced a new OptioLaser S300 that can be used for the detection of all types of liquids, regardless of their dielectric properties.
People
Metso’s board of directors has appointed CFO Eeva Sipilä as Metso’s interim President and CEO, succeeding Nico Delvaux.