Beruflich Dokumente
Kultur Dokumente
Internet of Things
Transforms the Industry
Refinery Revamps
1947 Vintage Pumps
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he pump world is buzzing about the Internet of Things (IoT). In fact, the entire world
is talking about it. If you Google IoT youll get more than 25 million results.
The IoT has its own Twitter handle (@TheIoT) that has more than 17,000
followers. There are several websites dedicated to the phenomenon including
alltheinternetofthings.com, which features True Stories from IoT Trailblazers and
claims to have literally everything that can be found on the Internet about the IoT.
Microsoft recently published the top 10 reasons to develop an IoT strategy and how to
capitalize on it. This applies to all industries:
Start with your things. Focus on the right ideas of your business for quick return.
Get more from your existing assets. Start with existing IT assets and build upon them.
Make small changes, see a big impact. Identify one process, product line or location
that matters to you and start there.
4. Improve efficiency. Track condition and performance over time.
5. Connect any asset. Pull in data from multiple devices.
6. Enable innovation. Businesses that learn and adapt will continue to thrive.
7. Increase agility. Collect and analyze data for quick insight into developing trends.
8. Build the ability to scale. Scale from the smallest data point to global deployments.
9. Transform your business. Data is only ones and zeros until you turn it into insights
and business impact.
10. Choose an enterprise-proven IoT partner. Stop running your business and start
making it thrive.
1.
2.
3.
This month, Pumps & Systems brings you detailed insight into The Untapped Potential
of the Internet of Things, with a special report beginning on page 38. The article
explains how this concept can transform the pump industry.
In the 1950s, the pump industry had no connectivity or remote intelligence. By 2020,
it is predicted that pumps will be virtually controlled, monitored, analyzed, operated
and maintained via the Cloud. Many companies have already made progress with
intelligent pump technology. In addition, please read about how a cybersecurity plan can
protect plants from dangerous and costly cyberattacks (page 44).
Meanwhile, dont miss our cover series this month on The Aftermarket (page 62)
which covers leak detection technology, technological solutions for emergency spare
parts, reverse engineering and how to optimize operation with the latest aftermarket
solutions.
EDITORIAL
EDITOR: Michelle Segrest
msegrest@pump-zone.com 205-314-8279
MANAGING EDITOR: Savanna Gray
sgray@cahabamedia.com 205-278-2839
MANAGING EDITOR: Amelia Messamore
amessamore@cahabamedia.com
205-314-8264
ASSOCIATE EDITOR: Amy Cash
acash@cahabamedia.com 205-278-2826
SR. EDITOR, PRODUCTION & CONTENT MARKETING:
Alecia Archibald
aarchibald@cahabamedia.com 205-314-3878
CONTRIBUTING EDITORS: Laurel Donoho,
Lev Nelik, Ray Hardee, Jim Elsey
CREATIVE SERVICES
SENIOR ART DIRECTOR: Greg Ragsdale
ART DIRECTORS: Jaime DeArman, Melanie Magee
WEB DEVELOPER: Greg Caudle
PRINT ADVERTISING TRAFFIC: Lisa Freeman
lfreeman@cahabamedia.com 205-212-9402
CIRCULATION
AUDIENCE DEVELOPMENT MANAGER: Lori Masaoay
lmasaoay@cahabamedia.com 205-278-2840
ADVERTISING
NATIONAL SALES MANAGER: Derrell Moody
dmoody@pump-zone.com 205-345-0784
ACCOUNT EXECUTIVES:
Mary-Kathryn Baker
mkbaker@pump-zone.com 205-345-6036
Mark Goins
mgoins@pump-zone.com 205-345-6414
Addison Perkins
aperkins@pump-zone.com 205-561-2603
Vince Marino
vince@pump-zone.com 205-561-2601
MARKETING ASSOCIATES:
Ashley Morris
amorris@cahabamedia.com 205-561-2600
Sonya Crocker
scrocker@cahabamedia.com 205-314-8276
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This issue
MARCH
Volume 23 Number 3
COVER
SERIES
AFTERMARKET
62 NEW 3-D CASTING METHODS PRODUCE
SPARE PARTS FASTER
By Jesse Stinson, Hydro Parts Solutions
& Werner Barnard, Hydro Inc.
Additive manufacturing also improves geometric
tolerances.
COLUMNS
PUMPING PRESCRIPTIONS
24 By Lev Nelik, Ph.D., P.E.
Pumping Machinery, LLC
Can Deaerators Create Pump Trips?
SPECIAL SECTION
38 By Mike W. Otten
Discover the Untapped Potential
of the Internet of Things
2
8
14
76
96
100
104
Increased efficiencies and UNMATCHED RELIABILITY allow the Vaughan Chopper Pump
to handle tough stringy solids often with the same motor size as a non-clog pump. Also
included is a back-pullout casing design, allowing external adjustments of clearances and
ease of maintenance.
- Advanced engineering, efficiency, maintainability and performance
- Handles tough stringy solids with the same motor size as a non-clog pump
- New larger sizes, configurations, and cutting-edge flushless seal design
This issue
SSPECIAL
PECIAL
SECTION
MARCH
DEPARTMENTS
HARSH
CONDITIONS
78 EFFICIENCY MATTERS
82 MAINTENANCE MINDERS
Turbine Error Identification
Prevents Costly Outages for
Power Plants
By Brandon Perkins
GE Intelligent Platforms
88 SEALING SENSE
Updates to Industry
Standards Offer New Options
for Fugitive Emissions Testing
By Philip Mahoney
FSA Member
Reinforcing additives combined with a carefully selected base resin can create a highperformance compound for any application.
PRACTICE &
OPERATIONS
90 HI PUMP FAQS
Recommendations for
Rotary Pumps, Diaphragm
Pumps and VFDs
By Hydraulic Institute
By Manuel Carcar-Gimeno
HIDRACAR, S.A.
Understanding the equipments operation capabilities and
how to calculate the required size is critical.
Image courtesy
of Hydro, Inc.
Internet of Things
Transforms the Industry
Refinery Revamps
1947 Vintage Pumps
Paul, can you explain the dampeners you mention? What are
they, and how would they provide a more level ow?
Gerald Potapa, Jr. CPD
Sales Engineer
R.L. Deppmann
NOVEMBER 2014
Follow us on Twitter
@PumpsSystemsMag
Like us on Facebook
Pumps & Systems
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p u mpsa ndsyst ems.c om | Ma rc h 2015
10
11
12
STATE of the
INDUSTRY
2 0 1 5
Patrick Decker
CEO
(since March 2014)
Xylem, Inc.
The single biggest trend going on in the pump industry
right now is a focus on energy eciency. It is being
driven by regulations in the industry as well as the needs
and demands of our clients. Most people do not realize
M a rc h 2 015 | Pum ps & S ys t e m s
13
Scott Aiello
General Manager
(Since January 2013)
Warren Rupp, Inc.
14
NEWS
NEW HIRES,
PROMOTIONS & RECOGNITIONS
JOHN MALINOWSKI,
BALDOR ELECTRIC COMPANY
FORT SMITH, Ark. (Feb. 9, 2015) Baldor Electric
Company has named John Malinowski Senior
Industry Affairs Manager. In this role, John
will represent Baldor and its parent company
ABB in various U.S. associations promoting the
companies positions on industrial electric motor
John
policies, regulations and standards. Malinowski,
Malinowski
currently the general product manager for
general purpose and severe duty motors, has been with Baldor since
1982. baldor.com
RICHARD THOMPSON,
EBARA FLUID HANDLING
ROCK HILL, S.C. (Jan. 7, 2015) Richard
Thompson was appointed vice president, Ebara
Fluid Handling Division (FHD), and will assume
full management and overall operations of
the division. Thompsons appointment is part
of an executive management transition as he
Richard
succeeds Martin Perlmutter, who has served as
Thompson
Ebara FHDs president for more than 16 years.
As part of the transition, Perlmutter will continue to support and be
involved with FHD and Ebara in an advisory role until March 31.
pumpsebara.com
SPOTLIGHT
Terry Henshaw, Pumps & Systems columnist,
recently completed a book on net positive
suction head (NPSH), arguably one of the most
important yet complex aspects of pumps. The
content of the book, titled NPSH: The Achilles
Heel of Pumps, is largely based on the series of
articles Henshaw wrote for Pumps & Systems in
2009 and 2010. I believe that NPSH is the most
important, and yet, most misunderstood of all pump characteristics,
Henshaw says in the books preface. Ive read numerous articles,
technical papers and letters on NPSH. Many have been enlightening,
some have been shallow, and some have contained significant
misinformation. The purpose of this book is to draw together that
available knowledge which is reasonable, logical and hopefully useful
to those who select, apply, operate and/or troubleshoot pumps; and
also, hopefully, to dispel some of the numerous misconceptions about
NPSH. The 168-page book is available on Amazon.com. Read more
about NPSH at pumpsandsystems.com/understanding-npsh.
RYE BROOK, N.Y. (Jan. 22, 2015) Xylem Inc. appointed Anthony
Milando as senior vice president for continuous
improvement and business transformation. In this
newly created position, Milando will be responsible
for driving operational excellence and process
Motion Industries to acquire
simplification across the organization, reporting
Miller Bearings, Inc.
directly to President and CEO Patrick Decker. He will
Jan. 14, 2015
also serve as a member of the companys senior
leadership team and will be based at the companys
Bentley Systems, Incorporated,
global headquarters in Rye Brook, New York.
acquired C3global
xyleminc.com
Jan. 13, 2015
15
Andrew M.
Crawford
16
NEWS
17
18
NEWS
SPOTLIGHT
ABB & Solar Impulse Get Ready for Historic
Round-the-World Flight
ZURICH (Jan. 20,
2015) ABB will
accompany Solar
Impulse and its
crew on the planes
flight around the
world powered only
by energy from the
sun. Solar Impulse,
based in Switzerland,
announced that it
will begin its historic
flight between late
February and early
March in Abu Dhabi.
In 2014, ABB
and Solar Impulse
formed an
innovation and technology alliance to advance a shared vision of reducing
resource consumption and increasing the use of renewable energy. Three
ABB engineers have joined the Solar Impulse team to help improve control
systems for ground operations, enhance the charging electronics for the
planes battery systems and resolve obstacles that emerge along the route.
On the planes 40,000-kilometer route, pilots Bertrand Piccard and Andre
Borschberg will share duties as the aircraft stops in cities including Muscat,
Oman; Varanasi and Ahmedabad in India; Chongqing and Nanjing in China;
and Phoenix, Arizona. It will also stop in Europe or North Africa.
Among challenges before the mission concludes in Abu Dhabi in mid-2015
will be a non-stop flight of five days and nights from China to Hawaii. The
plane, powered by 17,248 solar cells, will soar higher than Mount Everest each
day, while fully charging its batteries to stay aloft during the night. abb.com
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* See our Web site for details and restrictions. Copyright 2014 AutomationDirect, Cumming, GA USA. All rights reserved.
3/:22/855/2627
NEWS
To have a news item considered, please send the information to Amelia Messamore, amessamore@cahabamedia.com.
PROTECT PUMPS
PUMP POWER
VALVE CLOSING
PUMPING
AMPS
POWER
20
FULL LOAD
No Sensitivity
For Low Loads
NO LOAD
VALVE OPENING
NO FLUID
FULL LOAD
21
22
NEWS
EVENTS
Latin America and Caribbean Oil & Gas
Security Forum
March 17-18, 2015
Bogota, Colombia
latamoilgassecurity.com
INTERPHEX
April 21-23, 2015
Javits Center
New York, N.Y.
888-334-8704 or 203-840-5648 / interphex.com
23
24
PUMPING PRESCRIPTIONS
Troubleshooting & repair challenges
By Lev Nelik, Ph.D., P.E.
Pumping Machinery, LLC, P&S Editorial Advisory Board
Figure 1. Simplified diagram of a power plant cycle (Graphics courtesy of the author)
Heat
Steam
Bypass
Valve
Boiler
HP
Pegging
Steam
LP
Generator
Condenser
CP
Condensate
Air Out
Vapor
Air
Bubbles
100
BFP
Liquid
Deaerator
(DA)
20,000 gallons
(half filled)
Big Bubble
25
Process Transients
Problems that may interrupt
this process include a sudden
reduction or a complete loss
of generator load (a load
rejection condition).
When the generator trips,
steam is bypassed through
the diverting valve around the
steam turbine and is typically
directed into the condenser. A less
common method is to release
the steam directly into a DA or to
the atmosphere.
During roughly the same
time, fuel is diverted from the
boiler, and the boiler begins
to cool. Condensate pumps
continue to operate to keep up
with the cooling steam arriving
at the condenser. Because
the pegging steam has been
diverted to the condenser, it
no longer pressurizes the DA.
The continuous arrival of the
condensate into the DA cools
the liquid. As a result, the
temperature and pressure in
the DA drop. The temperature
falls as the condensate cools
it, and the pressure decreases
because of the loss of pressurizing
pegging steam.
A basic understanding of
thermodynamics provides the
foundation for what happens
next. Steam tables and graphs
contain information about
pressure, temperature, specific
Circle 130 on card or visit psfreeinfo.com.
p u mpsa ndsyst ems.c om | Ma rc h 2015
26
PUMPING PRESCRIPTIONS
x=
Mg
Equation 1
Figure 2. The T-v diagram shows the thermodynamics of the transient inside the DA.
(Source: Cameron Hydraulic Data Book, 19th Edition, 2002)
T def. F
T, F
uid
Liq
302
.07
psi
vf
28.81
0.01698
14.27565
10.70033
266.00
39.20
0.01714
284.00
52.44
0.0173
69.07
0.01746
6.286446
89.66
0.01762
4.914144
sia
p
.20
39
= 0.01746
8.144588
320.00
ap
s (V
10.70 = g
vg
302.00
Some vapor
= 0.01714
ft3/lbm
deg. F
Ga
B
ft3/lbm
248.00
or)
69
Saturated
Two phases
266
ia
ps
Pressure
g ft /lb
27
28
PUMPING PRESCRIPTIONS
x = (v - vf)
(vg - vf)
Equation 2
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29
References
1. Cameron Hydraulic Data Book, 19th Edition, 2002
2. Rovnak, J., Wotring, T., Marshall, J., Evaluation of NPSH During Hot Restarts of
Fossil Plants with Deaerators, International Power Generating Conference, ASME,
91-JPGC-Pwr, 23, October 6-10, 1991
Quality is
Never an
Accident
Designed for Long-Life
30
Drive Operations
Induction motors used to drive
pumps are ecient in converting
electrical energy into mechanical
energy. A motor is 92 to 96
percent ecient depending on its
classication and frame size. The
eciency is relatively constant
from 50 to 100 percent of full load,
with only a slight drop o when
operating down to 25 percent of
full load. Figure 1 shows a typical
eciency graph for a totally
enclosed fan-cooled (TEFC) motor
at a range of sizes operating at
varying loads.
The problem associated with
lightly loaded alternating
current (AC) induction motors
is their eect on power factor.
To understand the way electrical
31
AFTERMARKET SERVICES
Factory technicians or SEEPEX approved service partners
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.
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34
Figure 4. The pump curve shows the relationship between the flow rate, head
and pump efficiency. The pump is designed to operate around its BEP.
Pump Operations
A pump is designed for a
specic range of ow rates and
head values to meet the needs
of the market. The pumps peak
performance and maximum
service life for ow rates will
occurr around the BEP. A
pump operating at maximum
eciency results in a uniform
ow of uid through the pump.
Figure 4 shows the pump curve
used in last months column.
The pumps BEP of 79 percent
occurs at 1,070 gallons per
35
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36
37
Thermoplastic Valves | Actuation & Controls | Strainers | Filters | Bulkhead Fittings & Tank Accessories | Pumps
38
SPECIAL SECTION
39
$263 billion
The estimated amount of incremental revenue
generated by IoT product and service suppliers
by 2020. (Source: Gartner, November 2014)
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Exposition Dates
Education Sessions
SPECIAL SECTION
IoT
Internet of Pumps
Added Value
40
SMART
(Connected pump)
SOFTWARE
DEFINED
(BMS/SCADA)
INSTRUMENTED
(On-site audit)
CONVENTIONAL
(Consultancy)
No intelligence or
connectivity
Connected data
loggers
Provide external data
(paper report)
Some local
intelligence
(controller) to tune
pump
AUTONOMOUS
Internet of things by
2020*
26 billion installed
units, $263 billion
new revenue and $1.9
trillion value-added
services
Additional sensors
Real time
diagnostics
Active condition
monitoring
Embedded
execution
Self optimization
New business
models
Interact with
ecosystem
Enhanced
intelligence
Performance
guarantee
Customer loyalty
Connect
everything
Level of Maturity
*Source Gartner, Forecast The Internet of Things worldwide
Instrumented
In the instrumented level, actual data loggers could
be installed on-site to measure and log critical pump
dataincluding energy consumption, ow, and inlet
and outlet pressureover a period of time. Plotting that
data using Excel into the original design curve would
give a more accurate view of pump performance over
the period the data is logged. The same benchmark used
in the conventional approach could be used to estimate
potential savings.
Conventional
The rst level of sophistication (see Figure 1), the
conventional method of selecting or reviewing pump
performance, starts at the basics.
Using some basic application data, a consultant or
engineer takes the information from the nameplate and
chooses equipment using a pump selection program. With
that information, he or she can benchmark the existing
pump eciency against that of a newly designed pump
and calculated running times. The consultant or engineer
can then provide educated estimates about the energy
consumption and potential cost savings of installing a
new pump.
Software Defined
If the pump is equipped with a controller, the pump
will operate against dened set points making use of
the best possible predened working conditions. These
automated systems could generate some data reports
with historical trend lines and even generate set alarms
when data thresholds are reached. However, this level
of IoT sophistication does not provide any further
information about the performance of the pump system.
The system only noties the user when it works outside
the programmed conditions.
These building management systems (BMS), SCADA
or M2M applications have evolved in a context in which
41
42
SPECIAL SECTION
IoT
43
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44
SPECIAL SECTION
IoT
System Complexity
Industrial systems consist of an array of devices, systems
and software that are used to control, monitor and report
vital data, making them a prime target for malicious
activity. Reports of rogue databases, such as Shodan,
show that these programs can openly report devices and
systems connected to the Internet. They reveal critical
system informationincluding location, purpose and
protocolthat a hacker can use to compromise a system,
cause damage and interrupt production.
The advent of wireless connectivity and the Internet
of Things presents a totally new threat vector that puts
even eld devices at risk. While much of the modern
wireless technology available today (including tools
that are compliant with WirelessHART and ISA100) is
fairly secure, wireless devices and programs can suer
interference from any Wi-Fi, Bluetooth or other wireless
device operating in the same frequency band. Even
45
The Standards
Despite the countless variables at play, plants can
employ an eective approach: Adopt an information
security management system, as dened by the
International Standards Organization (ISO27001), and
comply with standards put forth by the International
Society of Automation (ISA99) and the International
Electrotechnical Commission (IEC62443).
ISO27001 was designed as a methodology to address
security. It lists a number of controls companies can use
to employ policies and procedures that address system
condentiality, integrity and availability.
1.5 million
monitored cyberattacks occurred in the U.S.
in 2013 (Source: IBM Security Services 2014
Cyber Security Intelligence Index, April 2014,
accessed on ibm.com)
Figure 1. This diagram shows a comprehensive cybersecurity standard set. One of the most important things a company can do
to prevent cyberattack is to follow best practices recommended by established standards bodies. ISA-62443 is one of the most
comprehensive standards and eventually could encompass all of the others. Diagram shows planned and published standards.
(Graphics courtesy of Schneider Electric. Source ISA-99 Standards Committee)
SPECIAL SECTION
IoT
Level 5
Level 5 - Enterprise
- Enterprise financial systems
Level 4
Level 3
Level 2
Level 1
Level 0
Level 5
46
Figure 2. This chart depicts enterprise cyber protection layers. A cybersecurity assessment begins with an identification of the areas that
need to be protected. The ISA-99 standard recommends six levels. (Source: ISA-99 Standards committee)
The Strategy
The rst step is to assess the risks and threats that might
be associated with each layer. To do this, managers must
consider their plants target levels and evaluate the
consequences of a cyberattack for each level. What are the
chances of this level being exploited and by whom? What
skillset and knowledge would be required to compromise
this element? Would a compromise at this level result in
loss of life or production? The results of this assessment
reveal what type of access or knowledge is needed to
compromise each level and indicate the most critical areas
that need protection.
Addressing ICS security by implementing safeguards
in this way is known as creating layers of defense. No one
exercise or handbook can dictate what security is needed
for each layer in a particular company.
field device
software suite
operator console
47
Read more
pumpsandsystems.com/
blog/5-reasons-you-shouldinvest-internet-things
48
SPECIAL SECTION
HARSH CONDITIONS
Submersible Pumps
Handle Corrosive Solids
at Ethanol Testing Plant
A caustic, high-temperature cleaning solution
puts excessive demand on equipment.
BY MIKE BJORKMAN
BJM CORP.
Pilot Plant
Costs associated with the design and development
of products for the renewable fuel market represent
a tremendous investment. Knowing precisely how
these products will perform in a real plant before that
investment is made can make a significant difference in a
companys success or failure.
The 24,000-square-foot pilot plant, equivalent to a
50th scale ethanol production facility, operates at a 100
to 400 bushel per day capacity and offers continuous
or batch-run operation. The pilot plant ethanol process
begins with the whole corn kernel ground into meal. The
meal is then slurried with water to form a mash. Enzymes
are added to convert the starch to dextrose, a simple
sugar. Ammonia is added for pH control and as a nutrient
to the yeast.
The mash is processed in a high-temperature cooker
to reduce bacteria levels before fermentation. It is then
cooled and transferred to fermenters where yeast is
added, and the conversion of sugar to ethanol and carbon
dioxide begins. The fermentation process generally takes
about 40 to 50 hours. During this part of the process, the
mash is agitated and kept cool to facilitate the activity of
the yeast.
After fermentation, the resulting beer is transferred
to distillation columns where the ethanol is separated
from the remaining stillage. The ethanol is concentrated
to 190 proof using conventional distillation and then
dehydrated to approximately 200 proof. The ethanol is
blended with about 5 percent denaturant (such as natural
gasoline) to render it undrinkable and exempt from
beverage alcohol tax. It is then ready for shipment to
gasoline terminals or retailers.
The pilot plant is staffed with an experienced team of
engineers and operators. The ethanol plant operating
coordinator is a veteran of the industry. It is his job to
keep the pilot plant operating at optimum efficiency.
Finding the right equipment is critical to his mission.
Image 1. The U.S. has become the largest producer of ethanol in the world, with a
56.8 percent share totaling more than 13.7 billion gallons produced in 2013.
(Images courtesy of BJM Corp.)
Conclusion
After more than two years of operation, the stainlesssteel submersible pumps have worked exceptionally
well, with no maintenance issues. Upgrading equipment
to improve mean time between failures is imperative
to ensure the best testing results for clients and lowest
operational costs for the research center.
Mike Bjorkman is vice president of BJM Corp. and has
more than 30 years of experience in the pump industry.
He serves as director of marketing and information
technology for BJM Pumps, LLC, and All Test Pro, LLC.
Both companies are subsidiaries of BJM Corp. He may be
reached at 860-399-5937.
p u mpsa ndsyst ems.c om | Ma rc h 2015
49
50
SPECIAL SECTION
HARSH CONDITIONS
51
ati
re
e
Wh
In
v
no
s
low
F
n
Evolution
of Clean with
More Flow,
More Yield
Up to 60% savings in air consumption with ProFlo SHIFT ADS over competitive AODD pumps
Available in 1 through 3 Hygienic Series
pump sizes
See Us At
52
SPECIAL SECTION
HARSH CONDITIONS
MATERIALS OF CONSTRUCTION
PROPERTIES
Metallics
Historically, exotic metal alloy
Maximum
Specific
Abrasion
pumps were the tried and true
temperature
gravity
resistance
solution for the proper handling of
(mg) Taber,
harsh fluids. These materials were
F / C
1,000 cycles
so ubiquitous among processing
PP
polypropylene
185
85
0.94
15 20
professionals that corrosion-related
PVC
polyvinyl chloride
140
60
1.3
12 20
pump failure was considered both
chlorinated
polyvinyl
predictable and anticipated by
210
99
1.49
20
CPVC
chloride
independent sources. Examples
PE
polyethylene
200
93
0.92 0.94
5
of such sources are Compass and
Schweitzer, compendia that detail
PVDF polyvinylidene fluoride 275
135
1.75
5 10
the expected service life of materials
ethylene
300
149
1.75
5 10
ECTFE
in a given corrosive fluid. The
chlorotrifluorethylene
shortcoming of these measurements, PTFE polytetrafluorethylene 500
250 2.14 2.20 500 1000
however, is that they are taken
fiberglass reinforced
in a static condition. When these
300
121 3.40 5.00 388 520
FRP
plastic
materials must perform at high
stainless steel type
speeds, their life expectancy is
NA
NA
7.9
50
SS
304/316
curtailed even further.
M a rc h 2 015 | Pum ps & S ys t e m s
Tensil
strength
PSI
4000-5000
6,000-7,500
7,500-11,000
3,500-5,600
5,500-8,250
6,500-7,500
2,000-5,000
10,000-13,000
65,000-77,000
53
54
SPECIAL SECTION
HARSH CONDITIONS
Plastics
How does a user select the right plastic for handling a
specific harsh liquid? The first step is to recognize that
choosing the ideal plastic pump is not a cure-all for every
pumping application. In high-temperature or highpressure applications, metallic pumps perform better
(see Table 1, page 52). In applications in which chemical
compatibility is a primary consideration, however,
plastics are considered the material of choice.
The two major non-metallic groupings are thermosets
and thermoplastics.
Thermosets
Thermosetting plastics are composites, not homogeneous
materials. Commonly referred to as fiber reinforced
plastics (FRP) or glass reinforced plastics (GRP) materials,
thermosets are constructed of vinyl ester or epoxy resin
reinforced by glass fibers.
The strength of FRP and GRP materials is influenced
by variations in its composition.For this reason FRP/GRP
pumps are commonly referred to by their trade names,
which provide specific analyses of the materials made
by their manufacturer. FRP/GRPs rigid properties (their
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55
Advantages of Thermoplastic
Pumps over Fiberglass Reinforced
Plastic (FRP) Pumps
severe damage and even pump
failure. Since FRP/GRP pumps
are formulated to handle a
narrow and specific type of
caustic liquid, they are limited
in the range of harsh liquids
they can handle effectively.
No interbatch product
contamination
Solid homogeneous
thermoplastics do not wick or
absorb by capillary action
Superior resistance to abrasion
compared with thermoset
composites
Greater chemical resistance
coverage over the full pH range
Thermoplastics
Thermosets and thermoplastics
are much lighter than metallics,
providing ease of installation
and maintenance. Unlike
thermosets, thermoplastics are engineered materials,
giving them unique properties including a broad range
of chemical compatibility and resistance to impact,
abrasion and heat.
Typical thermoplastic materials used in pumps for
handling harsh liquids include:
Polypropylene (PP)
Polyvinyl chloride (PVC)
Chlorinated polyvinyl chloride (CPVC)
Polyethylene (PE)
Advantages of Thermoplastic
Pumps over Metal Pumps
No galvanic corrosion or rusting
Superior resistance to abrasion
Greater chemical resistance over
the full pH range compared with
metals
No ionization/metallic
contamination of the uid
No galling problems
Signicantly lighter in weight,
facilitating installation and
maintenance
56
SPECIAL SECTION
HARSH CONDITIONS
Conclusion
Selecting the ideal material for pumping harsh liquids is
a matter of weighing performance and cost. The pumps
purchase price should not be the sole determining factor.
Users should also consider the cost of replacement parts
and downtime.
PumpWorks 610
delivers.
PWV API
610 VS6 &
VS1 Pumps
Delivered in
16 Weeks
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58
SPECIAL SECTION
HARSH CONDITIONS
Customized Compounding
Boosts Resilience in
Harsh Conditions
Reinforcing additives combined with a carefully selected base resin
can create a high-performance compound for any application.
BY DR. JOEL BELL & WILL TABER
RTP COMPANY
59
60
SPECIAL SECTION
HARSH CONDITIONS
61
vanton.com
Sump-Gard
Vertical Centrifugal
Pumps
Chem-Gard
Horizontal Centrifugal
Pumps
Flex-I-Liner
Rotary Peristaltic
Pumps
Pump/Tank
Non-metallic
Systems
p u mpsa ndsyst ems.c om | Ma rc h 2015
62
AFTERMARKET
63
64
COVER
SERIES
AFTERMARKET
65
Figure 4. An image
of drag mold with
casting
66
COVER
SERIES
AFTERMARKET
New Technology
A specialized method of double block and bleed isolation
allows for welds to be hydrostatically tested rather than
testing an entire line. This procedure reduces time and
costly restraints while increasing accuracy and eciency
in overall asset performance. A modern hydrostatic,
high-pressure system safely and completely isolates the
environment from residual product to provide a setting to
identify leaks and structural aws in eld welds.
This technology and tooling provide the ability
to monitor any backpressure that may have been
accidentally introduced after the line was isolated. Users
can also monitor upstream vapors to ensure the isolation
will not fail and consequently become a potentially
hazardous projectile. Hydrostatic testing services have
67
Case Study
Leak detection technology can
be used as a routine maintenance
procedure to check for leaks on
any piping, including pumps. This
process does not involve vibration
or barring tests but rather includes
all the pipelines, pumps, valves,
exchangers and reactors. One user
employed this technology as a
routine maintenance check on 10
heaters with 100 valves per heater.
These valves are made of 1-inch
pipe and operate at 80 psi. The
technology revealed that 35 of the
1,000 valves were leaking nitrogen
on the gas lines feeding into the
heaters. After completing a full walk
and agging the units that were
leaking at 80 psi, the leak detection
service provider compiled and
generated a full report noting each
problem area. These valves were
replaced completely to eliminate
the potential hazard and save
underlying costs.
All of the leak-detection service
providers test tools are nondestructive so they do not damage
the interior walls of the pipes
or pressure vessels. These
technologies are non-invasive and
provide instantaneous results
so end users can access all the
necessary information to maintain
regulatory compliance and up-todate operations.
Circle 121 on card or visit psfreeinfo.com.
p u mpsa ndsyst ems.c om | Ma rc h 2015
68
COVER
SERIES
AFTERMARKET
4 Engineering
Strategies That Can
Save Millions
Advanced test analysis tools, remanufacturing
and training help end users solve problems.
BY STEVEN HUNSCHE
SKF USA INC.
69
A worker files a bearing as part of
a remanufacturing process as an
alternative to bearing replacement.
1-800-873-2352
www.schenck-usa.com
sales@schenck-usa.com
Circle 134 on card or visit psfreeinfo.com.
p u mpsa ndsyst ems.c om | Ma rc h 2015
70
COVER
SERIES
AFTERMARKET
71
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These types of initiatives allow
operations to realize reduced inventory
costs and reduce the probability of
running out of stock.
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COVER
SERIES
AFTERMARKET
Renery Revamps
1947 Vintage Pumps
An Indiana renery used reverse engineering to
solve multiple challenges with one custom pump.
BY BASIL S. ELKURD
BP OIL WHITING REFINERY
on repairs to an
obsolete pump or seek
alternatives.
Since this work would
be conducted under the
routine maintenance
budget, the scope had
to be limited. It would not have the resources of a capital
project, restricting what improvements could be made.
Option One
The rst option to consider was the purchase of a new
pump. How much would a new, in-kind pump cost?
The thinking was, if the price of a new pump were
73
Image 2 and 3. The pumps had not been repaired in more than 20 years, so the team anticipated an extensive scope with
significant internal and external weld repair. (Courtesy of BP Whiting Refinery)
Option Two
The second option was to reverse engineer the pump case
at a third-party facility. However, the pump would still
have the obsolete design with packing unless additional
engineering was carried out. The additional engineering
would add cost and lead time. The drawback of this
option was the high cost of reverse engineering and the
need to pull the pump for the duration of the project
(reverse engineering, casting, manufacturing, assembly
and testing). Th is choice was not ideal but seemed more
feasible than the rst option or the repair option.
Option Three
The third option considered was to evaluate several
original equipment manufacturers (OEM) product
lines for a modern design pump that meets the
hydraulic requirements and motor horsepower. Many
were available in dierent designs that met these
requirements and that provided metallurgy and design
upgrades that were in line with the cost of the repair
option. However, this change required foundation and
Option Four
While these options were being considered, another
project was in the works at one of the renerys cooling
towers, which became the fourth option for this project.
This option was discovered by chance.
A fellow pump engineer was working with a
company that reverse engineers impellers. For that
specic application the renery needed several
impellers in a short period of time, and all the
traditional avenues (OEM or reverse engineering)
could not meet the deadline. Based on the positive
experience of another engineer dealing with a similar
challenge, he recommended contacting Sims Pump
Company (Sims). This company reverse engineers
impellers like other companies. However, it uses its own
material, which is Simsite. The material is a graphitecombination-ber, continuously interwoven, reinforced
composite with phenolic/epoxy thermoset resin. The
company was able to reverse engineer these impellers
faster than any of the other options. The material oered
74
COVER
SERIES
AFTERMARKET
75
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p u mpsa ndsyst ems.c om | Ma rc h 2015
76
Exhibition Hours
Wednesday, April 22
Thursday, April 23
been released within the past year. his years exhibitors feature
water quality testing, iltration and water softener products.
Participants will be able to network with other industry
professionals and hear from water industry experts. Topics
covered during the event include commercial applications, water
treatment basics and business management.
For more information or to register, visit wqa.org.
INTERPHEX
March 21 23, 2015
Javits Center
New York, N.Y.
he International Pharmaceutical
Expo (INTERPHEX) is an event
for professionals from the
pharmaceutical and biopharmaceutical
manufacturing industries. Attendees
will have the opportunity to learn about
manufacturing solutions for processing
all dosage forms of life-enhancing drugs
through educational sessions, workshops,
exhibitions and networking. More than
12,000 industry professionals are expected
to attend.
INTERPHEX 2015 will be 30 percent
larger than last years event to accommodate
more technology, products and value-added
services. On the exhibition loor, more
than 600 vendors will feature the latest
pharmaceutical and biopharmaceutical
manufacturing technologies. New to the
2015 show, the PDA Learning Center will
feature industry experts providing technical
education focused on manufacturing for
aging facilities.
For more information or to register,
visit interphex.com.
Exhibition Hours
Tuesday, April 21
Wednesday, April 22
Thursday, April 23
9 a.m. 5 p.m.
9 a.m. 5 p.m.
9 a.m. 2 p.m.
77
78
EFFICIENCY MATTERS
79
80
EFFICIENCY MATTERS
Correct equipment selection and application can provide an efficient and reliable pump and
system. In the following case, a distributors pump specialist assisted a user, a major producer of
extruded aluminum, with a solution that led to $36,000 in savings.
A Long-Lasting Solution
At one time, this plants $10,000 pumps needed repairs costing at least $2,000 every 30 to 45
days, with a complete replacement of the pump every six to eight months costing $10,000 to
$12,000. Since the problem was corrected with the distributors help, the pump has operated for
two years without further maintenance or repairsresulting in approximately $36,000 in savings
since implementation.
81
Mike Winkler is the director of Mi Process Pumps for Motion Industries. His extensive
experience includes 20 years with Motion Industries and more than 30
years in industrial distribution, which included many years promoting
liquid transfer products and troubleshooting applications. Motion
Industries is a wholly owned subsidiary of Genuine Parts Company.
For more information, visit motionindustries.com.
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82
MAINTENANCE MINDERS
in thermocouples 3, 4 and 6.
The exhaust thermocouples
were expected to have values
between 1,100 and 1,200 F. Actual
temperature measurements varied
as much as 100 degrees below
expected values.
Since this hardware was
recently replaced, the end user was
interested in further evaluating
this combustion issue with the
original equipment manufacturer
(OEM). The OEM investigated
and eventually replaced
combustion nozzles 12 and 13
during a subsequent planned
maintenance outage.
Finding this issue early helped
to ensure the end user did not
take a forced outage during its
summer run season. Th is end
user is under a long-term service
agreement so it was not liable
for the replacement costs of the
combustion nozzles. The end
user estimated that, by detecting
83
The notification of this issue from the provider allowed the site to
take preventive action to clean the system before further increases
in the backpressure of the condenser occurred.
Sediment Identified on a
Steam Turbine Condenser
In the end of December, a software
detected an increase in steam
turbine condenser backpressure,
from a normal operational pressure
of approximately 3 inches
of mercury (inHg) (or 10.1
kilopascals (kPa)) to values
as high as 6 inHg (or 20.3
kPa). The software provider
notied the end user and
began tracking the issue on
regularly scheduled calls.
The plant discovered
that the cooling tower had
a chemistry upset. The
upset deposited a light
lm of sediment on the
condenser tubes. After
a cleaning solution was
introduced into the cooling
system in mid-January, the
condenser back pressure
returned to normal.
Figure 2. These charts include the condenser vacuum measurements,
Increases in the
which changed from about 22.7 inHg (or 76.9 kPa) to as low as
condenser backpressure
about 6 inHg (or 66.8 kPa). The bottom chart shows the condenser
backpressure averages. Unusual readings started in late December and reduced eciency in
returned to normal after cleaning in January.
the condenser, leading
to a loss in revenue. The
124
on card
or visit
pCircle
u mpsa
ndsyst
ems.c
om psfreeinfo.com.
| Ma rc h 2015
84
he U.S. Department of
Energy (DOE) is empowered
by congress to review
eciency regulations for covered
products every ve years. Electric
motor manufacturers are currently
operating under the Energy
Independence and Security Act
of 2007, which went into eect
in December 2010. Around this
time, the DOE started to review
the regulation to see if raising the
levels above premium eciency
was warranted.
Motor manufacturers that are
members of the National Electrical
Manufacturers Association
(NEMA) discussed the potential
rulemaking and decided to
collaborate with energy eciency
advocacy groups and form a
coalition to make a proposal to
the DOE that might be easily
Rule Comparison
The voltage range now includes all
three-phase, 60-hertz (Hz) designs,
600 volts and less. Additionally,
motors with special shafts and
mountings along with 56-frame
enclosed motors will now be covered
at premium eciency levels. Partial
motors built without a drive endplate
are also covered. Both NEMA and
Table 1. Differences between EISA and the new Integral Horsepower Motor Rule (Courtesy of the author)
Motor Type
EISA
1 to 200 HP Subtype I
Premium Efficient
NEMA MG 1, Table 12-12
Premium Efficient
NEMA MG 1, Table 12-12
1 to 200 HP Subtype II
Energy Efficient
NEMA MG 1, Table 12-11
Premium Efficient
NEMA MG 1, Table 12-12
201 to 500 HP
Energy Efficient
NEMA MG 1, Table 12-11
Premium Efficient
NEMA MG 1, Table 12-12,
20-A & 20-B
56-Frame Enclosed
Exempt
Premium Efficient
NEMA MG 1, Table 12-12
Custom Configurations
Exempt
Premium Efficient
NEMA MG 1, Table 12-12
Energy Efficient
NEMA MG 1, Table 12-11
Energy Efficient
NEMA MG 1, Table 12-11
85
Motor Specifications
The DOE dened a motor covered under the new rule
by nine attributes:
Is a single speed motor
86
87
References
1. 10 CFR Part 431 Energy Conservation Program: Energy
Conservation Standards for Commercial and Industrial Electric
Motors; Final Rule, Federal Register, Vol. 79, No. 103, Thursday,
May 29, 2014
2. NEMA Standards Publication MG1-2014, Motors and
Generators, National Electrical Manufacturers Association, 1300
N 17th Street, Suite
For more information on motor
1752, Roslyn, VA,
and pump efficiency, visit
December 2014
pumpsandsystems.com
John Malinowski is the senior manager of industry affairs at Baldor Electric Company, a member of the ABB Group, in
Fort Smith, Arkansas. He is past chairman of NEMA 1MG Motor & Generator Section and familiar with collaborating with
CEMEP and ABB IEC colleagues on global motor standards. Malinowski is a senior member of the Institute of Electrical
and Electronics Engineers (IEEE) and a member at large on the IEEE Industry Application Society Executive Board.
He serves on the IEEE Pulp & Paper Industry Committee and is active with IEEE Petroleum and Chemical Industry
Committee having recently rotated out of the chair of the Chemical Subcommittee. He has served on several IEEE
standards working groups, including several revisions of IEEE 841 and IEEE 303. He also served on the
American Petroleum Institute (API) 541 and API 547 working groups. Malinowski has published several
IEEE papers on efficiency standards, motor and drive efficiency, maintenance, and other applications. He
acts as company advocate with government agencies, professional associations and industry standards
committees. He also serves as a member of the Pumps & Systems Editorial Advisory Board.
Malinowski may be reached at john.malinowski@baldor.abb.com.
U N M AT C H A B L E E X P E R I E N C E
I N F L OW C O N T RO L
TRANSACTIONS
(EZMH%/EOEVIOE
Managing Principal
GN$NSVHEROREYJJGSQ
Senior Associate
HOEOEVIOE$NSVHEROREYJJGSQ
www.heinrichs-usa.com
88
SEALING SENSE
89
Figure 1. API 622 Emission capturing set-up
API 622
API 622, Type Testing Of Process
Valve Packing For Fugitive Emissions,
Second Edition, expires in October
2016, but the working group has
convened to get a head start on this
revision. First, the addition of a
test xture for inch cross section
packing to simulate packing sizes
typical for forged valves is under
review. The current edition of the
standard denes a test xture for
inch packing, which is typical
of cast valves. This change would
ensure that functionality of the
packing being tested extends to
multiple valve and packing sizes.
Also, the corrosion test portion of
the standard is being reviewed for
potential changes that would make
the test xture less complicated
and reduce the cycle time.
Currently, the test can take six to
eight weeks.
API 641
API 641, Type Testing of Quarterturn Valves for Fugitive Emissions,
is a new standard currently in
development. This standard
will dene a valve type test
similar to API 624, Type Testing
of Rising Stem Valves Equipped
with Graphite Packing for Fugitive
Emissions, First Edition. The 641
Updates to Other Standards
standard will likely include both
In the U.S., API standards
polytetrauoroethylene and
committees are actively working on graphite-based packing materials.
standards (new or existing) related Exact details of the test conditions
to fugitive emissions in valves.
are still being developed.
API RP-621
API RP-621- Reconditioning of
Metallic Gate, Globe and Check
Valves, Third Edition, is actively
being revised. This standard
denes guidelines for the
reconditioning of valve types that
are being serviced for continued
use in an end users facility. The
new revision will have a complete
addendum that denes the
requirements for low emissions
service, noting that valves in these
services are more dicult to seal
and, therefore, have more stringent
requirements than those for other
services (i.e. steam).
In addition to these updates, API
589 Fire Test for Evaluation of Valve
Stem Packing, Second Edition was
last updated on July 1, 1998. The
standard is no longer active in API,
so no active committee regularly
reviews it. Though the standard can
still be found for sale online, it is
considered withdrawn.
Next Month: What are the
important considerations relating
to installation tolerances when
using rubber expansion joints?
We invite your suggestions for article topics as
well as questions on sealing issues so we can
better respond to the needs of the industry.
Please direct suggestions and questions to
sealingsensequestions@fluidsealing.com.
90
HI PUMP FAQS
91
92
Figure 1. Pulsation dampeners store excess volume over the mean flow line of the total piston head
during the piston impulse stroke. (Graphics courtesy of Hidracar, S.A.)
93
94
Mounting Suggestions
for Maximum Dampener
Efficiency
The single-piston pump has the
highest maximum instantaneous
ow/mean ow ratio and the
highest value for v, which is the
liquid entering and exiting the
dampener each cycle. The following
examples and recommendations
will focus on single-piston pumps.
Figure 3 shows the proper
mounting of a pulsation dampener.
The following recommendations
should be observed:
The dampener must be mounted
with its axis aligned with the
axis of the pump outlet.
The distance between the pump
outlet port and the dampener
port connection must be as
short as possible.
The pipe section between
95
Figure 5. The velocity is higher in the center of the pump but nearly zero near the pipes inner wall.
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p u mpsa ndsyst ems.c om | Ma rc h 2015
96
PRODUCTS
Solids
PumpMeasurement
Control & Alarm Panel
See Water Inc.s SIM-A pump
control and alarm panels will
warn of high liquid levels
and control a 120/208/240V
single phase pump or a
208/240/2\480V three phase
pump in dewatering, sewage
and wastewater pumping
applications. The simplex
panels include integrated
electronic pump control and
alarm circuitry, an IEC motor contactor and three
floats: pump on, pump off and high liquid alarm.
Circle 205 on card or visit psfreeinfo.com
Grinder Pump
Couplings
Kurt Hydraulics announces its
new Push-On Hose and Push-Loc
Hose Couplings for low pressure
applications. The hose operates
in temperature ranges from -20 F
to +180 F. Designed to integrate
with Kurt Hydraulic hose, the Push-Loc couplings are
precision machined of corrosion resistant brass. Kurt
Hydraulics Push-Loc hose couplings are available in
22 different types and sizes. Applications for Kurt
Hydraulics new Push-On hose and Push-Loc couplings
include paint spraying systems and similar industrial
equipment and maintenance systems requiring fast,
push-on hose assembly.
Circle 202 on card or visit psfreeinfo.com.
As a complement to its
complete line of fiberglass
centrifugal pumps, Fybroc
offers a new line of nonmetallic, corrosion-resistant
butterfly valves. Ideal
for handling corrosives,
seawater, solvents and other
difficult liquids, the standard
model valve (1.5 inches to 12
inches/40 millimeters to 300 millimeters) has a black
polypropylene body, a polyvinylidene fluoride disc
and a fluorocarbon (Viton) seat for superior chemical
resistance and temperature capability.
Circle 204 on card or visit psfreeinfo.com.
THE GIFT OF
C L E A N WAT E R
COMING IN MAY TO
98
PRODUCTS
Shaft Alignment
Medium-Voltage Drives
To have a product considered for our Products section, please send the information to Amy Cash, acash@cahabamedia.com.
Comprehensive
Industry Coverage
PURCHASE NOW:
eStore.Pumps.org
Visit us at www.frost.com
For more information, contact Liz Clark
at 210.477.8483 or liz.clark@ frost.com
Circle 152 on card or visit psfreeinfo.com.
99
THE EFFECT
OF GLOBAL
FORCES ON
PUMP USERS
ATTITUDES
S
Expenditure
(CAPEX)
plans for 2015
Emerging technology
and equipment
upgrades
F
of global trends
Frost & Sullivan and Pumps & Systems magazine are partnering to discover how pump users
I
will be published as a series in Pumps & Systems, authored by the research analysts at global
F
S
A
bit.ly/pumpsurvey
Connect with Frost & Sullivan and Pumps & Systems
J
100
Advertisers
Advertiser Name
Page RS#
Advertiser Name
163
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164
Almatec, Part of
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161
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162
Page RS#
Solve
dry start
problems with
Vesconite Hilube
bushings
Increase MTBR
No swell
Low friction = reduced
electricity costs
Quick supply.
No quantity too small
Tollfree 1-866-635-7596
vesconite@vesconite.com
www.vesconite.com
Circle 176 on card or visit psfreeinfo.com.
101
REPS WANTED
Sims Pump, a fast growing structural
composite pump, pump parts, and
mechanical seals manufacturer is
seeking ambitious, aggressive, and
self-motivated representatives for
both the marine and industrial
markets around the world. Sims
focuses on sales to customers with
corrosive environments, such as
marine, cruise, power generation,
public utility, wastewater facilities, oil
and gas, as well as chemical and
industrial markets. A background in
pumps, mechanical seals, or any
rotating equipment is required.
Model SN
U-iv>}}Eiv
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102
PUMP
PLUGS
QUICKLY CONNECT
& DISCONNECT POWER
OFF
Button
Circle 165 on card or visit psfreeinfo.com.
Safety Shutter
(on receptacle)
103
Knowledge is
Power
Request a free catalog
adhesives for the
oil & chemical
processing industry
Download now
www.masterbond.com
Circle 162 on card or visit psfreeinfo.com.
Important Properties of
LobePro Rotary Lobe Pumps
Capacities 0- 2, 656
Low shear
GPM (0-604 m/hr)
Measured Flow
Self priming to 25 wet Low pulsation
Discharge pressure to Space-saving,
compact design
175 psi (12 bar)
ask about
Smooth operation,
low pulsation,
steady ow in
direct proportion to speed
Low to high solids content, abrasive material, shear sensitive
Pressures: To 1080 psi; special designs to 3400 psi
Capacities: A few gph up to 2,200 gpm
NETZSCH Pumps North America, LLC
Viscosity: 1 mPas up to 3 million mPas
1-610-363-8010
Temperatures: 5 F to 570 F
PUMPS@netzsch.com
Maintenance friendly, low life-cycle cost
www.netzsch.com
Specializing in placing:
General Management Engineering
Sales & Marketing
Manufacturing
DAN BOLEN JASON SWANSON
CHRIS OSBORN DEBORAH SHAW
9741 North 90th Place, Suite 200
Scottsdale, Arizona 85258-5065
(480) 767-9000 Fax (480) 767-0100
Email: dan@danbolenassoc.com
www.danbolenassoc.com
Circle 160 on card or visit psfreeinfo.com.
104
and electronic
equipment.
Manufactured
goods orders
averaged $498.8
billion per month
in 2014, 2.8 percent
higher than the
monthly average
in 2013.
U.S. gross
Source: Capital IQ and JKC research. Local currency converted to USD using historical spot rates.
domestic product
he JKC Pump and Valve Stock Indices include a select list of publicly traded companies involved in
(GDP) grew at
the pump and valve industries weighted by market capitalization.
an annual rate
than at the same time last year and
of 2.6 percent in
Reference
is the highest level for this time of
the fourth quarter of last year
1. he S&P Return
year in the last 80 years. Driven
according to the irst estimate by
igures are provided
the Commerce Department. Lower by supply from non-Organization
by Capital IQ.
of Petroleum Exporting Countries
gasoline and energy prices have
sources, the EIA estimates that
increased household purchasing
global oil inventories increased
power as consumer spending
Jordan, Knauff
& Company is an
by almost 0.8 million barrels per
increased 4.3 percent during the
investment bank
quarter. Spending on durable goods day last year and will continue to
based in Chicago,
grow by 0.9 million barrels per
increased 7.4 percent because of
Illinois, that
day
during
the
irst
half
of
2015,
healthy motor vehicle sales, and
provides merger and
keeping downward pressure on
acquisition advisory
nondurable goods spending rose
services to the
4.4 percent. In 2014, GDP increased oil prices. Inventory growth is
pump, valve and
expected to taper of by the end
2.4 percent, the strongest annual
filtration industries.
of the year as lower oil prices
rate in four years and up from 2.2
Please visit
cause supply growth to weaken,
percent in 2013.
jordanknauff.com for
further information.
especially in the U.S.
According to the Energy
Jordan Knauff &
On Wall Street, the Dow Jones
Information Administration
Company is a member
Industrial Average fell 3.7 percent,
(EIA), U.S. commercial crude
of FINRA.
the S&P 500 Index dropped
oil inventories (excluding the
3.1 percent, and the NASDAQ
Strategic Petroleum Reserve) were
Composite lost 2.1 percent for the
413.1 million barrels at the end of
These materials were
prepared for informational
month of January.
January. his is 15 percent higher
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