Beginning with the 2016 Presidential election in the U.S., ADI has been publishing a summary of energy policy proposals by the leading candidates. Our summary has typically collected the positions of the two candidates on key energy issues, and we have tried to be objective by using their own words — made through statements reported […]
Greener chemical operations – Part 2: Characteristics of renewable electricity options
Renewable electricity is becoming increasingly accessible for companies striving to meet their sustainability goals. They can either generate it themselves or procure it from third-party providers. There are seven options a chemical company can use to obtain renewable electricity such as owned on-site generation, owned off-site generation, on-site Power Purchase Agreements (PPAs) / operating leases, […]
Greener chemical operations – Part 1: Renewable electricity options
The chemical industry, a hard-to-abate sector, is a major source of greenhouse gas (GHG) emissions due to its high energy consumption. This significant energy use is largely driven by the extensive operation of furnaces and boilers, particularly in producing products such as ethylene. To address this, the industry faces considerable pressure to decarbonize and one […]
From exploration to refining: how AI is transforming oil and gas
As discussed in a previous blog, AI is expected to drive growth in the global economy and the oil and gas industry is no exception. AI is being implemented across the oil and gas value chain and finding uses in everything from exploration to refining. In exploration, AI and machine learning (ML) tools are being […]
AI is accelerating R&D, capital projects, logistics, and operations in chemicals
Like many industries, the chemical industry is benefiting from advancements in artificial intelligence (AI), machine learning (ML), and cloud computing capabilities. Both large tech companies and small startups are capitalizing on the capabilities of AI to spur development in the chemical industry. Research and development, process design, supply chain management, and predictive maintenance are the […]
How large can the AI market grow?
Recent developments in artificial intelligence (AI), machine learning (ML), cloud computing, and other technologies are leading to rapid implementation in various industries around the world. These developments have only been possible due to recent increases in computing power and availability of vast datasets needed to train AI programs. This along with improved algorithms for training […]
Refineries improving margins through better utilization of off-gas streams
Hydrocarbon-rich off-gas streams from distillation, conversion, cracking, and other processes are collected to heat various processes throughout refineries and petrochemical plants. Examples of these off-gas streams include still gas, the top product from a refinery’s distillation column, and steam cracker tail gas, which is composed mostly of methane and hydrogen. Aggregation of these off-gas streams […]
2024 Chemicals Outlook: Flat expectations
The global chemical industry struggled in 2023. The year was marked by rising inflation rates and low demand from major markets. With China still in recovery, the growth the industry was hoping for never came to fruition. In 2024 we expect things to stay the course and see no drastic changes up or down in […]
2024 Refining and fuels outlook: A cautious outlook for 2024
The global refining industry had an unexpectedly strong year in 2023 with strong demand recovery especially in diesel and jet fuel and high crack spreads not seen in many years leaving many refiners with strong balance sheets and optimism about the future. Against this context, we anticipate a far more mixed outlook for the refining […]
New growth opportunities in compressor markets
Compressors are used in a wide range of applications in the oil and gas, energy, and petrochemical industries. The growing hydrogen, carbon capture, biofuels, and other energy transition markets present new opportunities for compressor companies. Many of these industries are being built from the ground up, offering years of growth for compressors and related equipment […]
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