September 2012

Special Report: Refining Developments

Redefining reforming catalyst performance: High selectivity and stability

Highly developed CCR catalysts are more robust to ensure extended service over 7–9 years.

Le Goff, P.-Y., Lopez, J., Axens; Ross, J., Axens North America

Over the next 10 years, global demand for oil products is forecast to increase at an average rate of 1.2%/yr through 2020. Demand will be just below 100 million barrels per day of oil equivalent (MMbdoe). However, this growth will not be distributed evenly around the world. Developed markets In the Organization for Economic Co-operation and Development (OECD) countries, reductions in automobile fuel consumption will decrease oil demand at about 0.5%/yr, thus creating refining overcapacity. The situation is completely different in nations with growing economies where the gross domestic product (GDP) is increasing rapidly and the population aspires to greater mobility. In these (non-OEC

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