Chemical Industry Digest – May 2024 Issue

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Chemical Industry Digest May 2024Chemingineering – AI-Powered EPC Projects
– KS Sahasranaman – Independent Consultant

AI, particularly generative AI, can enhance EPC project execution by improving FEED, planning, scheduling, material procurement, and risk management, leading to faster and more cost-effective project completion.

 Interview
– Rajiv Menon, President & COO, Tata Projects Limited

Exhaustively informs on the various modes of project construction, the impact of latest digital technologies on EPC and how TPL is a major player in the EPC sector.

 Interview
– Vaithyanathan Nagarajan, MD, thyssenkrupp nucera India

Latest electrolyser technologies shaping the hydrogen economy, including developments in the chlor-alkali sector are well articulated.

Opinion
– AK Tyagi, Chairman and Managing Director,Nuberg Engineering Ltd

The chemical industry is transitioning to sustainability through bio-based chemicals, renewable energy integration, supportive policies, and global collaborations to reduce carbon emissions and promote environmental preservation

Enhancing Effectiveness of Project Execution Practices with Progressive Digital Technology

– D S Latha, Bharat Balkrishna Gharat, Sunil P Agarwal, Sunil L Choudhari, TATA Consulting Engineers Limited

The article compares EPC and EPCM project execution modes, highlighting the transformative impact of integrated digital technologies like BIM, Digital Twins, IoT, and IIoT on efficiency and project management.

Expanding Horizons: EPC’s Role in Driving Transformation in the Chemical Sector

– Rajiv Menon, President & COO, Tata Projects Ltd.

India’s EPC firms are crucial in infrastructure and chemical sector growth, focusing on regulatory compliance, safety, sustainability, and innovative solutions to meet industry demands and environmental goals.

Selecting it Right: Foundation of Successful EPC Project 
– Parveen Kalia, Srinivasa Oruganti,Fluor Daniel India Pvt Ltd

A discussion on optimal configuration, site, and technology selection for refinery and petrochemical complexes in EPC projects, emphasizing economic, strategic, and operational considerations for successful project outcomes.

Navigating the Perilous Waters: Averting the Ten Biggest Pitfalls of Oil/Chemical EPC Projects 
– Ayan Dasgupta, Arun Munjal, Fluor Daniel India Pvt Ltd

Identifying and analyzing ten crucial functional areas in EPC projects, which can go wrong. Alerting to these with possible strategies to avoid financial losses, delays, and compromised quality in the oil and chemical sectors.