Hydrocarbon Processing, April 2022
The dynamic nature of the chemicals market has brought a heightened focus on the need to optimize reliability and asset performance. After two years of declining revenues and profits, chemical companies cut back on capital expenditures, putting an increasing amount pressure on assets to perform with minimal investment.
As the demand for chemicals continues to skyrocket and the global economy continues to recover from the disruption of COVID-19, chemical companies must find a way to generate more profit off of their existing machinery and equipment. Read the full article below or check out our Economics of Reliability Report – Global Chemicals to learn how reliability impacts the chemical industry.