September 2010

Special Report: Refining Developments

Bottomless refinery: Improve refinery economics

Integrating gasification process with residue upgrading can produce high-value multiproduct streams while decreasing total refinery emissions

Today’s global refining environment is very competitive, facing low margins and increasingly more stringent environmental standards. Residual fuel oil surpluses are emerging in places where there is a rising demand for transportation fuels and a lack of deep processing of the oil barrel. In addition, low-cost natural gas is increasingly displacing fuel oil for power generation. The recent MARPOL emissions regulations on bunker fuel will further deteriorate the supply-demand balance over residual fuel oil with negative implications for refining margins, particularly for hydroskimming configurations. Refiners can address this challenge by upgrading process residue with conversion process

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