Rhodes, Mike
People
Geoffrey Somary has been named CEO of Ipsen Group worldwide, succeeding Thorsten Krüger, who will move to the company’s advisory board. Since 2005, Mr. Somary has held several senior positions within Ipsen.
Innovations
Industrial workers can strengthen their grasp of production and make more informed operating decisions with the new Allen-Bradley CompactLogix 5480 controller by Rockwell Automation.
Industry Metrics
All main US products performed positively as refinery product outputs declined considerably and led to a fall in inventory levels, fueling bullish sentiment.
People
MFG Chemical has promoted Barry Lassiter to VP of operations, where he will be responsible for MFG’s three plants in the Dalton, Georgia area and the recently acquired 26.7-acre plant in Pasadena, Texas.
Innovations
Engineers tasked with finding a green solution to waste gas emissions from hydrocarbon storage tanks during loading and unloading operations will find that the ST100 series thermal flowmeter from Fluid Components International (FCI) supports tank vapor recovery systems, which help reduce greenhouse gas emissions.
Industry Metrics
In the US, soaring gasoline stocks and poor fuel oil performance were offset by strong heating oil demand and higher product prices caused by weather-related refinery outages.
Industry Metrics
US refinery margins saw losses as product stocks rose, pressured by seasonally lower gasoline demand and subdued heating oil requirements.
People
Change is taking place at the top of the Endress+Hauser Group. Dr. Andreas Mayr will become Chief Operating Officer (COO) responsible for sales, production and support, assuming more responsibility on the executive board and serving as deputy CEO to Matthias Altendorf.
Innovations
Claroty has made several significant enhancements to its Continuous Threat Detection product.
Industry Metrics
US markets weakened despite positive performance at the middle of the barrel due to considerable gasoil and jet/kero inventory drawdowns.
- INEOS completes purchase of LyondellBasell's EO&D facility in Bayport, Texas (U.S.) 5/2
- HPLNG delays commissioning of Chhara LNG import terminal in India 5/2
- Shell records nearly $8-B Q1 profit on the back of refining, chemicals/products and LNG divisions 5/2
- Equinor selects Aker for Mongstad refinery upgrade project 5/1
- Australian researchers testing SAF production from landfill gases 5/1
- ACC responds to U.S. EPA's final risk management rule for methylene chloride 5/1