Economics

Digital: Cloud-based dynamic simulation models amplify operator training and safety programs

International oil and gas (O&G) and hydrocarbon processing industry (HPI) companies are under great pressure to be profitable.

Viewpoint: Downstream expansions will accelerate needed production growth

Al-Judaimi, A. M., Saudi Aramco

Two transformative drivers—global economic growth averaging more than 3%/yr and the world population expanding to more than 9 B by 2040—will have the net effect of adding another India and China to today’s global energy demand.

Asia: Japanese refining moves towards consolidation and increased efficiency

Gerden, E., Contributing Writer

According to recent statements of leading Japanese analysts in the field of refining and the country’s largest producers, the Japanese refining industry is moving towards consolidation and an increase in efficiency.

Editorial Comment: Where some see roadblocks, we see opportunities

Nichols, Lee, Hydrocarbon Processing Staff

In the January issue of Hydrocarbon Processing, the editorial comment focused on the roadmap to advancing ideas.

Business Trends: How plastics waste recycling could transform the chemical industry

If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 MMtpy in 2016 to 460 MMtpy by 2030, taking what is already a serious environmental problem to a new level.

Industry Metrics

Rhodes, Mike, Hydrocarbon Processing Staff

All main US products performed positively as refinery product outputs declined considerably and led to a fall in inventory levels, fueling bullish sentiment.

FCC operational changes to boost gasoline octane

The fluid catalytic cracking unit (FCCU) is one of the main units providing gasoline with high-octane numbers to the refinery gasoline pool.

Industry Perspectives: What are the opportunities for the global HPI?

Nichols, Lee, Hydrocarbon Processing Staff

In the February issue of Hydrocarbon Processing, our editors provided the results of Hydrocarbon Processing’s survey on the challenges that the downstream processing industry may face this year.

Europe: Russian petrochemicals industry on the verge of large-scale growth

Gerden, E., Contributing Writer

The Russian government has announced its plan to increase the volume of support for its domestic petrochemicals industry over the next several years, with the aim of doubling its production and boosting exports, according to Russian Minister of Energy Alexander Novak and the press service of the Russian Presidential Administration.

How did asset utilization modeling save Sadara $1 B in capital cost?

Hayek, F., Moran, M., Sadara Chemical Co.

Sadara is a JV between Saudi Aramco and Dow Chemical.