June 2003

Special Report: Process/Plant Optimization

Consider a utility-savvy refinery to reduce capital investment

New refining concept encapsulates future capacity expansion for developing markets with least cost

Ogawa, A., JGC Corp.; Tashiro, N., Insight Engineers, Inc.

According to EIA, world oil demand is annually forecast to increase 2.3% from 1999 to 2020. This rate is higher than the average demand increase for total energy, which is expected to rise 2.2%/yr. However, in developing regions, oil demand is forecast to grow much quicker. For developing Asia-Pacific countries, oil demand is predicted to reach about 20.6 million bpd (MMbpd) by 2010 and exceed 29.7 MMbpd by 2020. These trends represent a growth rate of 3.9%/yr; expanded demand for electrical power is predicted to exceed 4.5%/yr. This growing energy demand presents opportunities to build new refineries or capacity in th

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