The petrochemical industry is embracing more “change” that is largely due to the recent drop in crude oil prices.
Global product markets and refinery margins, particularly in the US, have seen steady improvement since January. Worldwide gasoline demand has soared in recent months in both OECD and non-OECD regions..
The new unit, which will split the ultralight crude into naphtha and other feedstocks at the company's 242-Mbpd refinery in Catlettsburg, Kentucky, is in the last stages of construction.
Long-term trends in production losses, showing total loss production measured in seven biennial studies, are discussed in this article to determine if these losses are increasing or decreasing over time.
The Bulo Bulo ammonia-urea facility will be Bolivia’s first petrochemical venture. This new facility is expected to produce sufficient urea/ammonia supplies for domestic demand and will provide surplus product for export.
US commercial crude oil inventories are at elevated levels and are expected to increase. Lower crude oil prices have supported consumption in developed economies, removed budgetary constraints in emer..
Fired heaters or “process furnaces” are used extensively by the refining and petrochemical industries. These heat transfer units generate the much needed process energy through the combustio..
The abundance of shale oils is an unexpected gift for US refiners. These new crude oils have different characteristics from conventional oils that will affect refining processes and the operation of p..
The outlook is optimistic for downstream companies. Independent refiners are positive on present and future demand for transportation fuels.
The global market is experiencing a potential temporary recovery from a prolonged decline, possibly followed by the continuation of the downtrend. This is reflected in continued growth in the US tight..