Paraxylene (PX) separation is an energy-intensive process, as are most industrial chemical separations.
Radatz, H.,
Schembecker, G., TU Dortmund University;
Raffray, G.,
Sellis, D., The CoSMo Company SAS;
Boto, F.,
Echeverria, Z., Fundación Tecnalia Research and Innovation;
Carrion, A.,
Herce, C.,
Oto, F., Fundación CIRCE—Centro de Investigación de Recursos y Consumos Energéticos;
Gil, A., University of Zaragoza;
Arias, A.,
Borrego, R., DOW Chemical Co.;
Romero, J., Fertinagro Nutrientes S.L.;
Jacinto, J. T., Petróleos de Portugal
The processing industry consumes significant amounts of resources, such as materials and energy, to produce valuable goods for society.
New plant construction includes expectations for optimized production performance to achieve targeted profitability. After a capital investment decision is made to build a new plant, it can take years to secure critical items, including property, permits, technology licensors, front-end engineering and design (FEED), staffing, training, engineering and procurement for final design and construction.
In November 2017, US crude oil production eclipsed the 10-MMbpd mark, setting the highest production record in history.
The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals.
Industry players are focused on upgrading to higher-growth, higher-value chemical products.
Several major downstream companies have recently embarked upon large-scale digital transformations with anticipated capital spending tallying in the tens to hundreds of millions of dollars.
The operational cost structure of oil and gas companies is very capital- and labor-intensive.
Much ink has been spilled over the concept known as the “digital twin.”