Disruptions of global hydrocarbon supply chains have increased the importance of liquefied natural gas (LNG), causing larger numbers of buyers and sellers to consider it for satisfying energy demand. For some, this is unfamiliar territory, requiring greater knowledge of the technologies and practices involved, as billions of dollars will be changing hands.
As companies across markets set aggressive decarbonization goals and sustainability commitments to align with changing regulations and consumer demands for greener energy and fuel, the liquefied natural gas (LNG) industry is searching for ways to lower emissions.
Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.
FPT Industrial and Blue Energy Motors have signed an agreement with the goal of deploying the very first LNG trucks in India, powered by FPT N67 NG BSVI compliant engines, on the country’s roads by the end of the year.
Many large industrial facilities—including refineries, and chemical and petrochemical plants—are increasingly turning to co-generation for process steam and power production.
In 1H 2022, new capital projects have declined 19% vs. 1H 2021.
Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys.
The 1970s were marked by several historical events that affected not only the hydrocarbon processing industry (HPI) but nations around the world.
Greenhouse gas emissions occur alongside an inflection point for global refined product consumption. Since the 1850s—when the first oil refineries were constructed—the world has changed dramatically as refined product demand has continued inexorably upward.