After months of speculation and weeks of rumors, yesterday ABB announced it was divesting its Power Grids Division to Hitachi. The months of speculation derived from the European activist investor Cevian Capital, which won a seat on the ABB Board in 2017, apparently with an agenda of breaking up the group. ABB shareholders will receive roughly $7.7 billion from the transaction through buybacks or similar actions.

While deregulation of electric utilities has separated generation from distribution in the US and elsewhere, many opportunities remain for future regulations to make our grids provide reliable power at the lowest costs with transactive energy for the electric grid.

For more than a decade, advanced process control (APC) technology has been playing a significant role in the global liquified natural gas (LNG) value chain. While the LNG market is expected to grow in 2018 due to continued environmental concerns, increased use of LNG in the industrial and transport sectors, especially in Asia, LNG liquification plants in particular face several critical constraints affecting profitability. The production process in LNG plants is sensitive to a wide range of disturbances, including both changes in ambient temperatures and feedstock composition. APC technology can help compensate for these variables to enable processes to be operated closer to constraints without compromising safety. This improves profitability without negatively impacting a plant’s “license to operate.”

The move toward Industry 4.0 drives a new trend in smart factory infrastructure. Manufacturers are transiting to smart connected factories and extending Industrial IoT ecosystems across factories, plants, and supply chains. Efficient and flexible data analysis are critical for production systems and plant assets. As the trend of Industry 4.0 accelerates, metrology and quality control need to keep up with the latest digital trend. Coordinate measuring machines are critical machines in manufacturing process, which captures geometric measurements or surface conditions of a workpiece. Continued technology advancements now enable coordinate measuring machines to be integrated into the shop floor and interoperate with other inspection technologies throughout the manufacturing process.

The 11th Asian Downstream Summit in Singapore, hosted by the Energy Market Authority, attracted over 800 attendees, 80 speakers, and 28 sponsors and exhibitors. ADS, considered the anchor oil and gas event of the Singapore International Energy Week (SIEW), provided a platform for networking, seeking partnerships, and showcasing technologies through relevant case studies. The three-track agenda focused on core refining & petrochemical technologies, innovation, asset management, energy efficiency, Industry 4.0 and digital transformation in the oil & gas sector. KBC (a Yokogawa company) held a readiness assessment workshop to help people identify the gap between their own organizations and the industry leaders; in particular the characteristics behind the digital leadership and change management practices of other organizations as these apply to digital transformation.