Economics

Circular economy: Getting in the door of opportunity ahead of a vanishing polymer market

Bjacek, P., Accenture

Significant change is coming to the hydrocarbons industry. Up to 43% of the global conventional polymer production expected by 2040 may disappear due to circular economy (CE) initiatives. In addition, due to the growth in wind turbines and solar panels, and in lightweight composite materials in cars and planes, advanced materials waste is just beginning.

Fluid Flow: Energy markets, product improvements drive growth in the global flowmeter market

Yoder, J., Flow Research Inc.

The size of the global flowmeter market has followed the upward and downward fluctuations in oil prices and is now on an upward trajectory, according to a new study by Flow Research that provides total global market shares of the major suppliers of each flowmeter technology (except sonar and optical) by 2018 revenues.

Roundtable: The skills gap: How to bridge it and how to close it

Marx, J., Airswift; Stuart, J., Lloyd's Register; Peet, H., Energy Jobline

The skills gap is not a new phenomenon for the oil and gas sector. An aging workforce and increased competition for tomorrow’s technical talent have left the industry nervous about its future. On the heels of the 2019 Global Energy Talent Index (GETI), a panel of experts came together to discuss the sector’s ongoing struggle with the skills gap and what oil and gas/energy companies can do about it.

Reliability: Things rarely heard at reliability conferences

Bloch, Heinz P., Hydrocarbon Processing Staff

We can only guess how many reliability conferences we have attended since accepting job offers in the refining or chemical processing industries. In my case, starting in 1965, it is somewhere between 60 and 80. If, in each of these conferences I listened to six presentations, the number of sessions attended is perhaps 400.

Editorial Comment: Processing a sustainable future

Nichols, Lee, Hydrocarbon Processing Staff

An emerging topic along the entire oil and gas value chain is the move toward sustainability. Each company has a somewhat different definition of what sustainability means to its operations.

Onsite

Nichols, Lee, Hydrocarbon Processing Staff

Business Trends: EPC 2030: Five vital characteristics that will define the EPC firm of tomorrow

Donnelly, P., AspenTech

The state of the global engineering, procurement and construction (EPC) industry can accurately be described as “challenging.” Operating in an environment of volatile, uncertain, complex and ambiguous conditions, EPC firms are facing unsustainable levels of stress.

Industry Perspectives: Petrochemicals surge despite possible future roadblocks

Nichols, Lee, Hydrocarbon Processing Staff

Over the past several years, investments in petrochemicals capacity additions have skyrocketed. Hundreds of billions of dollars have and will be invested in additional petrochemicals units and complexes.

FCCU catalyst reformulations: Reducing risk and guaranteeing value with collaboration/testing

Hellenic Petroleum S.A.’s Aspropyrgos refinery is located near Athens, Greece. It has a total refining capacity of approximately 7.5 MMtpy and a Nelson complexity index of 9.7. The refinery was built in 1958 and has undergone several upgrades, including the installation of a fluid catalytic cracking unit (FCCU).

Optimization study in hydrocracker unit using simulation model

Hydrocrackers are key refinery units that convert heavy feed components into valuable lighter products. The profitability of these units is directly related to this conversion level. Conversion reactions take place in a nearly pure hydrogen environment, with the help of selective catalysts, under high pressure and high temperature. The products of the unit are separated in the fractionator section. Unconverted oil taken from the fractionator bottoms reveals the conversion performance of the unit.