Economics

Business Trends: The new petrochemical market—Adapting to demand

Murphy, R., Allegro Development Corp.

A bit of advice for players in the petrochemical market: Hold on to your hats!

Editorial Comment: A shift in capital? Petrochemical projects take lead in active project market share

Nichols, Lee, Hydrocarbon Processing Staff

In mid-June, I joined Thad Pittman, Senior Research Analyst, Hydrocarbon Processing’s Construction Boxscore Database, to provide Hydrocarbon Processing subscribers with a global analysis on the downstream processing industry’s capital projects landscape.

Business Trends: US RPET and sustainability goals—a reality check

Bermish, M., Wood Mackenzie

Three primary drivers exist for recycling polyethylene terephalate (PET) bottles.

Editorial Comment: Embracing uncertainty for a better tomorrow

Nichols, Lee, Hydrocarbon Processing Staff

The downstream processing industry is changing.

Adapting and prospering in the energy transition

Hasegawa, K., Shire, T., Yokogawa Corp. of America

The energy transition is gathering momentum as pressure from society leads policy makers and investors to demand faster and deeper cuts to carbon dioxide (CO2) emissions from all industrial sectors.

The greening of the downstream industry: A carbon investment case for clean refining

Fonda, M., Meridian Energy Group

Hydrocarbon Processing was pleased to speak recently with Mark Fonda, Executive Vice President, Engineering and Chief Technical Officer for Meridian Energy Group, which is building two grassroots refineries in the US.

Electric vehicles are coming, but their impact will be evolutionary, not revolutionary

George, S., Routt, M., KBC Advanced Technologies, Inc.

Alternatively fueled vehicles (AFVs) are getting plenty of press these days, but their market penetration is still a long way from critical mass.

Set refinery profitability goals

Johnson, A., Johnson, E., Graham Corp.; Lieberman, N., Process Improvement Engineering

While the ultimate purpose of operating a refinery is to produce gasoline, diesel or asphalt, key objectives include improving return on investment (ROI), net profitability and cash flow.

Executive Viewpoint: Trends in the global process furnace market

Whether it is heating process fluids to achieve enough temperature in crude atmospheric and vacuum distillation units, or reaction temperatures inside furnace tubes to produce ethylene, vinyl chloride monomer, synthetic gas and continuous catalytic reformer reactors, or simple process heating (thermal fluid), process furnaces play a critical role in refineries and petrochemical complexes.

Risk: Navigating energy volatility: Understanding the principles of commodity risk management

Echols, J., Crowley, G., Opportune LLP

The persistent volatility of energy prices is well known, and sustained price movements have fueled a boom-and-bust cycle in different energy sectors for decades.