Hydrocarbon Processing Impact of strike by South Korean truckers on autos, steel, petrochemicals, others Thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain. Industry Perspectives: <i>Hydrocarbon Processing’s</i> Mid-Year Update webcast to be held in late June Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys. Global refiners falter in efforts to keep up with demand Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka. Business Trends: Insights from the <i>2020 Worldwide Fuels Refinery Performance Analysis</i> The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study). History of the HPI: The 1950s: Capacity expansion, HDPE/PP, polycarbonate, computers and rocket science The 1950s marked an evolution in the use of oil by nations around the world. Business Trends: The economics of reliability: Global chemicals Chemical manufacturers worldwide are navigating an inflection point. Following the pandemic-fueled demand crash of 2020, a strong but stilted recovery unfolded in 2021. Industry Perspectives: 1Q project announcements this year down vs. 1Q 2021 New capital project announcements are down 27% in 1Q 2022 vs. 1Q 2021. Global Project Data Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,100 projects around the world, totaling more than $1.8 T in active capital project investments. History of the HPI: The 1940s: Global conflict, FCC, 100 octane, synthetic rubber—Wartime necessitates advancing technologies Hydrocarbon Processing continues its look at the history of the hydrocarbon processing industry (HPI). Web-based software for predicting crude compatibility and optimization for increasing heavy oil processing Refineries in oil-importing nations typically process a blend of crude oils, rather than a single crude oil, to ensure that an optimum product mix can be obtained at the minimum costs.