Tank and terminal facility profitability ultimately rests on a handful of key performance indicators (KPIs). The ability to maximize tank capacity utilization—while minimizing the time it takes to load and unload ships, trucks and rail cars—drives the bottom line. All those transfers must happen quickly and accurately, while avoiding product contamination.
This special section details all finalists within each category for the fourth annual HP Awards. The winners will be announced on Oct. 1.
Refiners are continually challenged to maximize economic gain in the face of cost pressures and plant operating constraints. The fluidized catalytic cracking unit (FCCU) plays an integral role in the optimization of the facility. FCC catalyst is often one of the largest budget items in the refinery. Therefore, the balance between FCCU performance and catalyst costs has a significant impact on refinery profitability.
Paraxylene production is a highly cyclical business that is subject to changes in the global economy and dependent on feedstock costs, alternative dispositions for aromatics, utilities costs and plant locations, among other factors. With the large PX capacity added by recently started crude-to-chemicals complexes and the expected impact of the economic recession on commodities demand, many aromatics complexes face a significant slowdown in the coming months or, possibly, years.
Progress in the driverless car segment has served to illuminate one of the major future goals in industrial and process manufacturing: autonomous operations in process plants—in other words, the autonomous plant. While AO for process plants has received interest from the process automation and control industry, limited serious discussion has taken place in the process operations and IT domains.
Over the next two months, Hydrocarbon Processing will host two separate events for a global audience. One will gather the brightest minds in the industry to share the latest innovations and technologies in the industry, while the other will recognize the leaders in advancing the industry toward safer and more reliable, sustainable and profitable operations. Both events—Hydrocarbon Processing’s IRPC and the HP Awards—will be streamed on digital platforms and free to view.
No doubt exists that COVID-19 is disrupting the oil and gas industry. Oil prices are falling, demand is down, supply is up, and storage capacity is limited. In these difficult times, the industry must swiftly act to keep business viable to come back strong when conditions improve.
Refineries, petrochemical plants and similar facilities rely on a significant number of heat exchangers for process control and product formulation throughout the plant.
Although widely used, the term “fireproofing” is misleading as almost nothing can be made totally safe from the effects of fire. Fireproofing refers to the systematic process (including materials and the application of materials) that provides a degree of fire resistance for protected support structures.
The consistent global trend toward improvements in air quality and tighter regulations on emissions, as well as the International Maritime Organization’s shipping regulations, continue to mitigate sulfur levels—not only in conventional transport fuels (petrol and diesel), but also in jet fuels, fuel oils and other heavier distillates.