HP Industry Perspectives: ‘Best of 2015’ reflects on significant year for downstream
As 2015 comes to a close, Hydrocarbon Processing is once again examining the most popular developments from the past year with regard to the global refining, petrochemical and LNG/gas processing industries.
HP Business Trends
Despite the delay or cancellation of some projects due to low oil prices, total active downstream project investments are near an all-time high.
HP Industry Metrics
Global refinery margins fell due to the expectations of a mild winter and an oversupply environment.
HP Global Project Data
As 2015 comes to a close, new project numbers globally are down year-over-year.
HP Innovations
The FM-approved FireChek thermal shutoff valve with resettable memory shape alloy can now be used to automatically shut down a pneumatic control system when a nearby fire occurs, or when the ambient temperature reaches 135°F, 150°F or 165°F.
HP People
Michael D. Scott has been named an International Society of Automation (ISA) Fellow, a distinguished grade that is granted to ISA senior members in recognition of outstanding achievements in scientific or engineering fields.