March 2019

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Petrochemicals: Which network can fulfil the petrochemical sector’s desire to exploit Industry 4.0?

The global petrochemical industry has not been short of success.

Smith, G., Rajant Corp.

The global petrochemical industry has not been short of success. It has experienced more than 15 yr of strong volume growth, with no sign of stopping. Fueled by abundant raw materials and increasing demand, new petrochemical plants are being established around the world, and existing plants are quickly expanding to capitalize on this growth. Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 470 active petrochemical projects around the world. In total, these projects equate to nearly $510 B in active petrochemical projects to boost production capacity to satisfy increasing global demand. However, as the industry grows, so does competition. Petrochemical plants hav

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