Economics
HP Global: 2015 outlook for oil price and its refining sector implications
What is the oil price outlook for the next 12 months? As of early January, the price of Brent has effectively halved compared to the 2014 summer peak, similar to the price collapse of 2008. However, u..
HP Petrochemicals: Update on ethylene tube coating technology
Improving the efficiency of ethylene furnaces has been a long-time goal for olefin manufacturers. The steam cracking or pyrolysis of hydrocarbons to yield ethylene also coproduces unwanted coke that a..
HP Project Management: Outsourcing creates opportunities beyond engineering
The present “shale revolution” has generated opportunities in the engineering, procurement and construction (EPC) industry that even a few years ago would have seemed fanciful. Billions of d..
HP Viewpoint: Going our way?—How the US will benefit from natural gas and fuel cell technology
A remarkable convergence is taking place in North America, as rising natural gas production meets the growing market for both stationary fuel cells providing power to businesses and the utility grid, ..
HP Viewpoint: The data revolution
The world’s population is expected to exceed 9 B people by 2040, and the corresponding energy demand for many of these newly affluent consumers will rise similarly. For the industrial sector, mor..
HP News
Qatar Petroleum and Shell cancel $6.5-B petrochemical project in Qatar Royal Dutch Shell and Qatar Petroleum (QP) have canceled the $6.5-B Al-Karaana petrochemical project in Qatar, which will signifi..
HP Industry Metrics
Mid-January saw the continued decline of monthly average Brent crude oil prices, which fell $17/bbl from November to a monthly average of $62/bbl. The continual price decrease reflects US tight oil pr..
HP People
ABB’s board of directors unanimously nominated Peter Voser to succeed Hubertus von Grünberg as chairman.
Multi-faceted approach on energy efficiency methods
The hydrocarbon processing industry (HPI) is a high-energy-consuming business. After cost for feedstocks, energy is the next largest operating expense for an HPI facility. Since the first oil embargo ..
Shale gas drives new opportunities for US downstream
This shift to lighter feeds for the SC will reduce the future availability of other petrochemical feedstocks—in particular, propylene.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
