Nov can view any object within their model and view the information for additional context with Plantsight. (Source: National Oilwell Varco)
Next-Gen Solutions

Revolutionizing Upstream Design Processes with Digital Twins

Ensuring the design team and stakeholders work together is crucial at the start on any large capital project. Collaboration is essential when it comes to working with many different groups, partners, subcontractors, and inter-departmental personnel, as they work with multiple information sources and make numerous design changes as part of the review process. Failure in any of these work processes can result in costly mistakes once handover is complete as the project moves into construction – and even more so as it moves into operations.

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PROCESS regularly reports on the Chinese chemical and pharmaceutical market with the format ‘China Market Insider’. (Source: ©sezerozger - stock.adobe.com)
Market Insights

5 Key Insights into China’s Chemical Industry

With sales of more than 2 trillion euros (2.26 trillion dollars; 2020), China is by far the largest chemical producer in the world. Even though growth has slowed from an average of 8.7 to 5.7 percent in recent years, this figure is still very impressive by global standards. This is also true for investments in property, plant and equipment, which amounted to 115 billion euros in 2020. Based on our China Market Insider series, we have summarized some interesting market trends and developments in China's chemical industry this year.

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PROCESS regularly reports on the Chinese chemical and pharmaceutical market with the format 'China Market Insider'. (Source: ©sezerozger - stock.adobe.com)
China Market Insider

How Climate Protection Opens Up New Opportunities for the Chemical Industry in China

Climate protection can open up new markets for the chemical industry in China on a large scale in the coming decade. This also applies to European companies. As the chemical newspaper Zhongguo Huagong Xinxi Zhoukan reports, additional market demand of around 1.4 trillion Chinese yuan (about 222 billion dollars) will arise for several specific specialty chemicals needed for climate change.

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More and more automotive companies are turning to hydrogen as an alternative to electric motors.  (Source:©Elnur - stock.adobe.com)
Industry Insight

What is Hydrogen and How Can it Help Us?

The increasingly relevant climate change coupled with the worldwide static increase in energy consumption by industry and private households requires us to rethink. New climate-neutral alternatives are being promoted more and more. One of the biggest hopes in the field of climate neutrality is hydrogen. But what is hydrogen? How can we produce it and where can it help us?

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The principle of Open Process Automation ensures future-proofing. (Source: Kokhanchikov@shutterstock.com)
Out of the Digitization Desert

Step by Step to the Digital Oilfield

Stand in many an oil field and you will feel yourself transported back to the early 1970s. Despite past price crises and predictions of “peak oil”, little has changed in terms of measurement data acquisition, monitoring, and automation. Employees travel long distances every day; their most important tools are pen and clipboard. Yet efficiency can be significantly increased simply by equipping the measuring points with radio systems. This is the first step on the road to the digital oilfield, at the end of which lies greater added value. The principle of Open Process Automation provides future-proofing.

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