Industry Perspectives: New project announcements up nearly 28% in 1Q 2019
According to Hydrocarbon Processing’s Construction Boxscore Database, new project announcements are nearly 28% higher in 1Q 2019 compared to 1Q 2018.
Business Trends: How plastics waste recycling could transform the chemical industry
Hundertmark, T.,
Mayer, M.,
McNally, C.,
Simons, T. J.,
Witte, C., McKinsey & Co.
If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 MMtpy in 2016 to 460 MMtpy by 2030, taking what is already a serious environmental problem to a new level.
Industry Metrics
All main US products performed positively as refinery product outputs declined considerably and led to a fall in inventory levels, fueling bullish sentiment.
Global Project Data
Hydrocarbon Processing’s Construction Boxscore Database is tracking nearly 1,300 projects around the world.
Innovations
Industrial workers can strengthen their grasp of production and make more informed operating decisions with the new Allen-Bradley CompactLogix 5480 controller by Rockwell Automation.
People
Geoffrey Somary has been named CEO of Ipsen Group worldwide, succeeding Thorsten Krüger, who will move to the company’s advisory board. Since 2005, Mr. Somary has held several senior positions within Ipsen.