Oil and gas, petrochemical and chemical companies face the difficult challenge of maximizing profitability while achieving aggressive decarbonization objectives set for 2030 and beyond.
Many industrial processes can generate carbon dioxide from fossil fuels. Recently, these processes have contributed to an average annual release of more than 30 Btpy of carbon dioxide into the environment.
This two-part article will cover the seven pathways to decarbonizing the oil and gas and petrochemical industries.
The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study).
The circular economy has already entered the public’s consciousness, and consumers are increasingly aware of the urgent need to recycle plastic, with the practice becoming more widespread than ever.
Plastic pollution’s environmental challenges, as well as new government legislation, are having a significant impact on the plastics industry.
Among the dominant, far-reaching themes within the global refining and petrochemicals industries are the increase in biofeedstocks processing to produce biofuels and greener petrochemicals, the continued push towards clean fuels production, regulations and initiatives to adhere to net-zero emissions targets, and a surge in capital investments to build renewables and sustainable aviation fuels (SAF) plants.
Businesses and governments around the world have united behind the vision of a circular economy for plastics.
One of the challenges in the operation of air cooled heat exchangers (ACHEs) is to decide whether or not to operate under natural convection.