Economics
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking nearly 350 downstream projects with capital expenditures (CAPEX) of $1 B or greater.
Industry Metrics
High refinery runs contributed to high inventories, pressuring US product markets despite healthy summer driving season demand.
Business Trends: Ethylene production economics from optional feedstocks
The petrochemicals industry is witnessing enormous growth worldwide. Ethylene is produced by cracking a range of hydrocarbons. Naphtha is the main raw material used in European and Japanese crackers, while the US utilizes ethane as its primary feedstock.
Supply Chain: Rail’s speed of change is all about efficiency
Railroads have long played a major role in safely and efficiently moving freight from origin to destination. However, for more than a decade, they have faced declines and slow growth in coal and other bulk commodities transported by carload service.
Reliability: Identify top ways to weather weak market conditions
New Jersey-based Carmagen Engineering Inc., a member of Mistras Group Inc., is a highly respected consulting engineering and project management firm comprising experienced subject matter experts (SMEs).
Editorial Comment: Is the industry ready for IMO 2020?
In mid-July, hydrocarbon processing industry (HPI) professionals from around the world met in Houston, Texas for Hydrocarbon Processing’s International Petrochemical and Refining Conference (IRPC).
S.Korea's SK Innovation sees favorable refining margins in H2
SEOUL (Reuters) — SK Innovation Co Ltd, the owner of South Korea's top refiner, said on Thursday that it expects solid demand to keep refining margins healthy in the second half of this year.
Marathon Petroleum profit misses as refining margin falls
(Reuters) — Refiner Marathon Petroleum Corp's quarterly profit missed Street view as higher crude acquisition costs weighed on its refining and marketing margins.
Canada's top court finds aboriginals consulted on Enbridge pipeline
OTTAWA (Reuters) — Canada's top court ruled on Wednesday that aboriginals were adequately consulted on changes to an Enbridge Inc oil pipeline, dismissing an attempt to quash the national energy regulator's approval of the project.
Pakistan fuel tanker owners end strike, bringing halt to panic buying
KARACHI/ISLAMABAD (Reuters) — Owners of Pakistani fuel tankers ended their protest strike on its third day on Wednesday, dispelling fears of a fuel shortage that had prompted long queues of panicked fuel buyers at petrol stations countrywide.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
