Global petrochemical capacity will experience major growth by 2025, with nearly 900 projects slated to begin production between now and then. While most growth will occur in the Asia Pacific and Middle East, North American investments are also on an upswing. Alongside this fresh capacity likely exerting downward, top-line price pressure on older plants’ abilities to remain competitive, these new plants also will be equipped with major efficiency advantages. Zied M. Ouertani of ABB Automation GMBH examines how some operators turning to digital diagnostics as a useful tool to assess noncapital-intensive options for getting more out of existing assets.
Source: News