Industry Perspectives
Petrochemicals and gas processing/LNG sectors see largest increase in new projects.
Business Trends: Advent of cognitive applications and the IoT in process manufacturing
Process manufacturing, which typically includes refining, petrochemicals and commodities chemicals, has traditionally focused on stability, controllability and optimization.
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ACHEMA is the world forum for chemical engineering, process engineering and biotechnology.
Industry Metrics
Reduced refinery output caused by planned and unplanned refinery outages, and record-breaking gasoline export levels and strong diesel inventory drawdowns, drove US margins to a record 3-yr high in April.
Global Project Data
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 450 downstream projects are under construction around the world.
People
The BASF board of executive directors has made several personnel changes.