11 May 2013 04:14 [Source: ICIS news]
TAIPEI (ICIS)--US shale gas will drive global chemical players to achieve greater competitiveness in their operations through increased investment in plant optimisation, senior executives at Siemens said late on Friday.
“Shale gas will not only drive investments in optimisation for those plants being built in the US, but also for existing plants worldwide as they seek to keep pace,” said Markus Lade, general manager of the Industry Automation Division at Siemens in ASEAN.
“We see lots of investment in optimisation through automation, driven by shale gas directly, and also among others that are looking to improve reliability of operations,” said Axel Lorenz, vice president of process automation at Siemens’ Industry Automation Division.
Lorenz spoke to ICIS on the sidelines of the Asia Petrochemical Industry Conference (APIC) in Taiwan.
Germany-based Siemens provides equipment and electronic solutions to the chemical sector.
It works with chemical companies, as well as engineering firms to implement its automation solutions at sites.
Siemens sees a large opportunity in the US chemical sector, as new petrochemical plants based on shale gas feedstock will also have numerous downstream units.
“We can handle complexity. We see a good chance to support the chemical industry to strengthen their competitiveness in the US,” said Lade.
In Taiwan’s petrochemical sector, which is relatively mature, there will be a drive to increase competitiveness to compete with Greenfield projects, noted Michael Steigberger, director at Siemens, based in Taipei, Taiwan.
“We aim to integrate the plant engineering system, and ensure the data flows consistently throughout the process. This can save about 30% of engineering time in plant and process design,” said Steigberger.
APIC runs from 9-10 May.
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