Innovation drives new catalyst developments
Future challenges in environment and product specifications involve more sophisticated catalyst systems
The catalyst business continues to reflect the trends of the refining and petrochemical businesses it serves. These trends include globalization, consolidation, integration and diversification.
The worldwide refining community is shifting from North America and Western Europe to the Middle East and Pacific Rim. This is a consequence due to the location of major crude reserves and growth markets for refined-oil products. Catalyst suppliers have stepped up their presence in Asia-Pacific, and they are facing a new competitor in Sinopec. The Chinese are producing most of the standard refining catalysts for their own use and have started exporting some catalysts to neighboring countries.
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