http://www.hydrocarbonprocessing.com Hydrocarbon Processing Indorama Ventures enters world-first China license agreement with Shandong Binhua New Material Co. Ltd. http://admin.hydrocarbonprocessing.com/news/2022/06/indorama-ventures-enters-world-first-china-license-agreement-with-shandong-binhua-new-material-co-ltd Indorama Ventures, a global sustainable chemical company, has signed a license agreement with Shandong Binhua New Material Co. to build, own and operate a propylene oxide, t-Butanol and t-Butyl methyl ether co-production unit. Impact of strike by South Korean truckers on autos, steel, petrochemicals, others http://admin.hydrocarbonprocessing.com/news/2022/06/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 http://admin.hydrocarbonprocessing.com/magazine/2022/june-2022/trends-and-resources/industry-perspectives-ihydrocarbon-processing-si-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. Business Trends: The acceleration of industrial autonomy and its impact on sustainable manufacturing http://admin.hydrocarbonprocessing.com/magazine/2022/june-2022/trends-and-resources/business-trends-the-acceleration-of-industrial-autonomy-and-its-impact-on-sustainable-manufacturing In 2020, the author’s company published the results of a survey that highlighted a significant shift to industrial autonomy, with as many as 89% of companies planning to increase the level of autonomy in their operations. Supply Chain: Strategic cost management: Uncover supply chain inefficiencies http://admin.hydrocarbonprocessing.com/magazine/2022/june-2022/columns/supply-chain-strategic-cost-management-uncover-supply-chain-inefficiencies Controlling costs is critical for any energy company. Firms may spend to grow through acquisition, develop new business, gain market share or invest in new opportunities. History of the HPI: The 1970s: Crises, clean air, plastic bottles and the DCS http://admin.hydrocarbonprocessing.com/magazine/2022/june-2022/100th-anniversary/history-of-the-hpi-the-1970s-crises-clean-air-plastic-bottles-and-the-dcs The 1970s were marked by several historical events that affected not only the hydrocarbon processing industry (HPI) but nations around the world. Advanced cleaner technology: Leveraging tailored solutions for reliability goals http://admin.hydrocarbonprocessing.com/magazine/2022/june-2022/special-focus-process-optimization/advanced-cleaner-technology-leveraging-tailored-solutions-for-reliability-goals Operators at refineries, petrochemical plants and power generation companies are under constant pressure to reduce maintenance and operational costs, boost productivity, minimize risk of unplanned outages and maximize time between overhaul periods. Xylene-loop scheme for minimized GHG emissions and PX production cost http://admin.hydrocarbonprocessing.com/magazine/2022/june-2022/special-focus-process-optimization/xylene-loop-scheme-for-minimized-ghg-emissions-and-px-production-cost Molecular management, energy efficiency and carbon dioxide (CO2) emissions have become major focuses for petrochemical complexes, including aromatics plants. Considerations for not providing a dedicated spare pressure-relief device http://admin.hydrocarbonprocessing.com/magazine/2022/may-2022/valves-pumps-and-turbomachinery/considerations-for-not-providing-a-dedicated-spare-pressure-relief-device Pressure-relief devices play a critical role in the hydrocarbon processing industry. Sustainable refinery of the future: Versatile, efficient and smart http://admin.hydrocarbonprocessing.com/magazine/2022/may-2022/sustainability/sustainable-refinery-of-the-future-versatile-efficient-and-smart Greenhouse gas emissions occur alongside an inflection point for global refined product consumption. Since the 1850s—when the first oil refineries were constructed—the world has changed dramatically as refined product demand has continued inexorably upward.