Petrochemical demand will increase with gross domestic product, while motor fuel demand will only show modest growth and may even decline in certain regions, given environmental/legislative pressure and the introduction of battery-powered electric vehicles.
Last month, Hydrocarbon Processing presented its mid-year market update to a global audience.
Just as some people seek out extreme sports, process manufacturing has its extreme applications, and engineers who design for these environments must find ways to safely contain and monitor all manner of dangerous reactions and products.
This month, Hydrocarbon Processing will be hosting two events—one to showcase the latest in processing technologies in the refining and petrochemicals markets, and the other to provide an update on the latest trends, initiatives and capital project investments in the global hydrocarbon processing industry (HPI).
Industrial plants depend on accurate, reliable gas analysis for process control, efficiency, safety and emissions monitoring.
A process safety risk in industry is having unknown problems that are not accounted for.
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…”. Fortunately, this opening line from A Tale of Two Cities does not often present itself as an appropriate analogy to the oil and gas industry. Yet, here we are.
Consumers likely imagine natural gas as a stream of pure methane. Those who are closer to the energy industry know that methane is the major component, but there can easily be dozens of other substances making up a sizeable portion of the total volume.
What is reliability? Most people think reliability is simply a measure of failure, or lack of failure. If something runs for a longer period without failing, then it is more reliable than something that runs for less time. However, reliability is a measure of how often something performs when you want it to.
Over the past several years, the world witnessed a significant increase in downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI). However, the COVID-19 pandemic caused a significant decline in demand for transportation fuels and certain petrochemical value chains.