July 2012

Special Report: 90 Years of Progress in the HPI

Benchmark oil, gas prices poised for divorce

In the global HPI, changing market dynamics are putting a premium on petrochemical and refining units that can crack ethane.

DuBose, Ben, Hydrocarbon Processing Staff

The trickle-down effect of baseline oil and gas prices has an enormous impact on the hydrocarbon processing industry (HPI). The economically-advantaged feedstocks of a given era are among the primary factors to decide which sectors thrive and which feel the pain. In today’s HPI, the ability to crack gas-derived ethane makes all the difference—especially in the US. Shale gas discoveries have nudged natural gas prices as low as $2/MMBtu by virtue of making supply abundant (Fig. 1).   Fig. 1. Shale gas drilling has rapidly increased   in many US locations, such as this one in   Wyoming. This, in turn, makes ethane-based petrochemical projects an eco

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain IMMEDIATE ACCESS to the current issue as well as to 3 articles from the HP archives per month. $239 for an annual subscription.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain IMMEDIATE ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,695 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Nichols-Davis at  jnette.davis-nichols@gulfpub.com or +1 713.520.4426.

Related Articles

From the Archive