Employment in U.S. plastic resin production declined from 60,400 positions in Sep. 2022 to 58,200 in February 2023, according to figures from the Bureau of Labor Statistics republished by...
Chronic shortages of skilled labor are increasing costs and schedules and resulting in declining productivity, lower quality, more accidents and missed objectives. However, an industry program is set to cut costs, risks and spur workforce development.
The U.S. energy and petrochemical industry has experienced incredible growth over the last decade. The extended period of profitability has caused another surge in downstream investment, but leaders from across the major energy companies have identified one...
Leading global b2b events specialist FC Business Intelligence (FCBI), announced that mid-market private equity investor LDC has backed the management buyout of the company.
Market surveys reveal the downstream industry lags other sectors in adopting digital technology to boost productivity, but significant capital investment is pushing innovation and changes to education faster than ever before, executives told Petrochemical...
Petrochemical Update announced workforce development sessions and updates on key innovations at the Downstream 2018 exhibition (May 31 – June 1, Galveston, Texas).
Low U.S. natural gas prices, relative stability in crude oil prices and increased consumer demand have spurred further plant construction activity, highlighting current deficits in skilled labor.
Chemical companies that leverage the right combination of digital technology could increase their market capitalization by $4.4 billion, but the industry continues to lag other sectors, an industry analyst told Petrochemical Update.
Many refineries and petrochemical plants along the U.S. Gulf Coast did not receive significant damage from Hurricane Harvey, but thousands of homes, businesses and infrastructure were not so lucky. Capital projects and rebuilding efforts will compete for...
Petrochemical project leaders are turning to advanced sustainment and lean operation methods to fill the communication gaps left by high-level process mapping and performance objectives, an industry analyst told Petrochemical Update.
