Market forecasts for bioproducts are upbeat. One even predicts that industrial biotechnology will be a $160 billion global business by 2010. Industrial biotechnology first took off in the early 1980s; what gives today's activity a buzz of excitement is the repeat of something else from that era: high energy prices.
Classic distributed control systems typically remain only in high-availability refining and power applications, but their strategies and capabilities persist in descendants and todays sophisticated networks.
Experts forecast modest economic growth at best. The global economy is slowing, led by a pronounced weakness in the United States resulting from the housing downturn and the credit crunch. And this, of course, will significantly impact the chemical industry.
Understanding the purpose of control and safety systems helps users ensure each is appropriately optimized. The duties of the SIS are to protect the people, environment and assets against unsafe conditions.
Author: Angela Summers, PhD, PE, founder of SIS-TECH Solutions
Some U.S. oil refineries repair their centrifugal pumps every three years while other refineries enjoy an average repair interval of 10 years. Learn about the highest-performing refineries and other petrochemical companies that have significantly reduced pump failures, and how you can obtain the same results.