Economics
The future of LNG—Part 2
Over the past several years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment around the world. Millions of tons of new LNG import and export capacity have begun operations, with hundreds of millions of tons still under development.
Industry Metrics
Record low temperatures in the eastern US strengthened the diesel market but extended the downward trend in refining margins.
Business Trends: The impact of industrial analytics on the chemical industry
The opportunities for industrial analytics within the chemical industry, and how advances in machine learning can impact revenue, operations, employee safety and capital investments, are analyzed here.
Digital: Fulfilling the promise: The next phase of asset performance management
As asset performance management (APM) continues to evolve, the introduction of new methods and cutting-edge technologies are rapidly increasing its bottom-line value. Cloud computing, data science and machine learning are among the technologies that are now being integrated with automated methodologies directly into APM solutions. As a result, operators and engineers now have advanced analytical capabilities at their fingertips.
Tanzania increases fuel prices due to rising crude costs
DAR ES SALAAM (Reuters) — Tanzania's energy regulator raised the maximum price for petrol, diesel and kerosene on Wednesday, citing rising international crude oil prices.
Industry Metrics
US product markets improved, supported by higher export opportunities amid unexpected refinery outages.
Business Trends: The future of LNG—Part 1
Over the past several years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment across the world. Millions of tons of new LNG import and export capacity have commenced operations, with hundreds of millions of tons still under development.
2018 Industry Leaders’ Viewpoints
To kick off the new year, industry leaders and esteemed colleagues shared their viewpoints on 2018 and beyond with Hydrocarbon Processing. These viewpoints offer insight into growing regions of activity, technological advances, and how the downstream industry can innovate in 2018 and into the future.
Maximizing energy efficiency in paraxylene production—Part 2
Due to reduced margins, higher energy costs and rising atmospheric carbon dioxide content, energy efficiency has never been more important in refining and petrochemicals. This is particularly true in the modern aromatics complex, which produces paraxylene (pX), benzene and other aromatics from naphtha.
US tax overhaul likely to spur spending by refiners, pipeline cos
NEW YORK (Reuters) — US refiners and pipeline companies are likely to embark on a capital spending spree in the next year, fueled by a provision in the recently-passed US tax bill that rewards investment in new projects, said energy industry lobbyists and analysts.
- Alpek will cease operations at its PET facility in North Carolina (U.S.) 6/6
- ANDRITZ to acquire Diamond Power Intl. businesses 6/6
- ABB launches AMXE Marine Motor to enhance vessel efficiency 6/6
- Private refiners tap India's drivers as export markets tighten 6/6
- Irving Oil invests $100 MM in Saint John refinery upgrade 6/6
- IEA: Global energy investment set to hit record $3.3 T in 2025 6/6
