Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.
At the macroeconomic level, inflation will influence M&A through its impact on monetary policy and financial markets.
Several major impactful events took place in the global oil and gas and petrochemical industries in the 1980s.
As resources become scarcer, and as costs continue to rise, companies are looking for new methods to reduce their material feedstock costs and remain competitive.
Many large industrial facilities—including refineries, and chemical and petrochemical plants—are increasingly turning to co-generation for process steam and power production.
China's Yantai Port Group started on Monday pumping oil into a newly expanded crude oil pipeline that connects the port of Yantai to a group of independent refineries in the country's refining hub Shandong.
ExxonMobil announced a unique process technology to enable the manufacture of sustainable aviation fuel (SAF) from renewable methanol.
Process Insights, a Union Park Capital portfolio company, announced the acquisition of the assets of the Process Analyzers business from Schneider Electric.
Lummus Technology announced the launch of its Polaris breech-lock closure, a new technological upgrade applicable to its high-pressure heat exchanger equipment.
Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys.