Vulcanest - Industry News

Industry News for May:

AI Technology for Industrials:

Finding efficiencies and cost savings – Read More
Nividia makes a splash at Computex for AI’s future in everything - more
Ecosperity targets climate change solutions in heavy industries… more.
- Heavy Industries find support in funding and grants from government and foundations for AI transformation… more.
Taiwan sets punitive measures in the quest for Netzero by 2050 ..more

Industry news:

Oil price fluctuations send trading to reprice and hedge as OPEC agrees to boost oil production….more.
Indonesia considers reducing refinery capabilities to Singapore amidst pricing disagreement… more.
Supply chain mismatch and tariffs instability affect production planning…more ,

May Incidents:

Spotlight safety and equipment maintenance
China: Weifong, Shandong chemical plant (May 27) explosion – 6+ deaths, 17+ injured... more
Bahrain BAPCO Refinery – leak in safety valve – 3 deaths (May 2)… more
Ecuador Esmeraldas refinery (May 26) fire in a fuel oil tank, no injuries... more
India –Effluent Treatment Plant, Tamil Nadu (May 22):explosion at an industrial unit's effluent treatment plant: 35 sickened, 10 residential houses damaged... more
Mexico Diesel Distillation Plant, Cadereyta, Nuevo León (May 21): Explosion related to 14 tanks, 37,000 gallons of diesel: 11 injuries... more
US Hunt Refining Company, Alabama (May 7) fire during efforts to restart the refinery following a power failure: 4 injured... more