The world has gone through three industrial revolutions over the past three centuries Now, a fourth revolution is being powered by digital technology innovations including Big Data Analytics, the Industrial Internet of Things, Cloud & Edge computing and Artificial Intelligence. This revolution, known as Industry 4.0, merges physical and virtual aspects of manufacturing. Industrial digital … Roadmap to Digitalization
We’ve seen a number of economic factors collide recently: steep drops in demand and prices across basic commodities including oil and petrochemical products, uncertainty across global economies, and mixed actions from economic and political leaders of many countries. This can be attributed to the varying degree of spread of COVID-19 across the globe. All these … Managing Process Safety during Economic Distress
Technology is constantly evolving, and the process manufacturing industry is consistently looking to improve its facilities. It looks toward more refined and innovative real-time solutions and tools that can help change its processing landscape for the better. As the industry evolves, facilities look to invest in upgrading or installing new complex solutions and systems to … Soft Sensors gaining momentum in the process manufacturing industry
Industry 4.0 is transforming the process industry, as smart manufacturing technologies are becoming more of a necessity than ever before. Unfortunately, for most manufacturers, successful implementation of these concepts is challenging, as overall success and final value capture is dependent on several factors. However, the benefits of successful implementation can be quite significant. One such … Digital Twin Technology
Over the years, enterprise sustainability has shifted from being merely a cost and compliance-based constraint, to becoming a necessity for future growth, given the depleting non-renewable input resources and the changing market sentiments. Extensive sustainability programs help companies optimize resource consumption. C-level executives across the industry are moving quickly to adopt these practices. Doing so … Sustainability in the Process Industry
Introduction — Challenges in equipment degradation The downstream oil and gas industry uses multiple equipment setups that show degradation over the course of operational runs. Key equipment that falls under this category include heat exchangers, compressors, pumps, reboilers, and evaporators. Such degrading equipment account for more than 50% of all equipment in a downstream oil … Soft Sensor Technology in Exchangers
Downstream oil and gas manufacturing plants use complex equipment that are set up to optimize KPIs like capacity utilization, yield optimization, energy optimization and quality management. Over the years, operations have stayed on target and realized goals through process control systems with Unit Optimization, advance planning, and scheduling. As the industry evolves, smart manufacturing technologies … Dynamic Benchmarking
