According to Hydrocarbon Processing’s Construction Boxscore Database, more than 320 new downstream capital projects have been announced over the past year.
In the wake of Hurricane Florence, businesses across the US had another reminder of how unpredictable and unavoidable disasters are when they strike.
Refineries and petrochemical plants contain some of the harshest environments on the planet.
Large capital projects continue to be challenged by budget issues.
Refineries cannot afford a sudden boiler failure (FIG. 1). Regularly assessing the condition of boilers is vital.
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 1,300 active projects in the hydrocarbon processing industries worldwide.
Embedding machines with artificial intelligence (AI) allows them to learn from their past experiences.
According to the editors of Hydrocarbon Processing, the downstream processing industry will witness substantial growth in new refining, petrochemical and gas processing/LNG capacities over the next several years.
Steve Elliott, Senior Director of Marketing, Schneider Electric, explained how Triconex safety solutions can help to actively manage the profitability of process operations at Triconex’s User Group event.