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.
The implementation of a project schedule must avoid slippage, which can lead to budget overruns and delays in commissioning and production. Conversely, a reduction in project schedule results in an early startup of the plant, creating advantage for stakeholders. Customers often demand reductions in schedule timelines, which can be difficult for engineering, procurement and construction (EPC) contractors to implement. New innovations like concurrent engineering, modular construction, prefabricated pipe racks and structures, etc., are already in practice.
Like many thousands of educational and operator training-related endeavors, reliability improvement training was abruptly suspended when the COVID-19 pandemic interrupted daily life as it was known prior to 2020.
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.
Refineries and petrochemical plants face similar challenges in daily operations. Each must mitigate risk, anticipate maintenance, optimize operations and minimize expenses. To achieve these goals, plant personnel rely heavily on data to drive decisions.
In the oil and gas sector, managing a shutdown, turnaround, or even an outage is an unavoidable requirement.
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.