Economics
Process safety incidents, cognitive biases and critical thinking
Process hazard analysis (PHA) is performed to identify possible hazard scenarios that may occur in a process.
Calculate gasoline RVP seasonal change giveaway economics
Despite high demand and depressed refining margins, the US is in the midst of a glut of gasoline. This predicament is causing a rush to convert summer gasoline into cheaper winter gasoline, in the hope that using cheap butane and higher Reid vapor pressure (RVP) specs will increase refining profits.
Shaping the future of on-purpose propylene production
In the early 2000s, very few analysts predicted the innovation that would change the landscape in the energy, refining and petrochemical sectors over the next several decades.
IEA says oil prices will not jump sharply, despite OPEC supply cuts
NEW DELHI (Reuters) -- The International Energy Agency does not expect a major increase in global oil prices despite efforts by OPEC and non-OPEC members to reduce output, its executive director Fatih Birol told Reuters.
EU backs $130-B Dow, DuPont merger with asset sales plan
(Reuters) -- Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities.
CERAWeek '17: Motiva CEO discusses impact of border tax, US regulations
Implications of a proposed border tax could create higher crude and product prices, inflated margins and increased operating costs for the US refining industry, Dan Romasko, president and CEO of Motiva Enterprises said during a panel discussion at CERAWeek Tuesday, March 7.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, more than $400 B is being invested in active petrochemical projects around the world.
Business Trends: Africa—Will increasing demand spark downstream capacity builds?
Over the past decade, Africa’s oil demand has increased by more than 1 MMbpd, to nearly 3.9 MMbpd. Africa’s oil production is more than double the amount it consumes, but lack of investment, failing infrastructure and inadequate refining capacity force the continent to rely on imports to satisfy increasing fuel demand.
Industry Perspectives: Global petrochemical sector to see robust growth to 2020
The global petrochemical sector will continue to see strong growth through the end of the decade, despite a decrease in new project announcements. The crash in energy markets has shifted the industry’s mindset from bullish to optimistic.
Expand crude diet flexibility through comprehensive oil management
One of the primary means for refiners to boost profitability is to improve crude diet flexibility. Many refiners are challenged with increasing their margins while the quality of the global crude oil supply declines.
- 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
