Although the refining industry is expected to add more than 7 MMbpd of new distillation capacity by the early 2020s, the global refining industry will witness a boost in secondary processing capacity, as well.
According to multiple industry reports, crude oil consumption will continue to increase over the short term.
In the past few decades, new technologies, including both carbon rejection methods and catalytic conversion methods, have emerged.
Hoehn, R. K.,
Bradley, S. A.,
Mucek, M. W., Honeywell UOP;
Anada, H.,
Osuki, T., Nippon Steel and Sumitomo Metal Corp.
Hydrotreating is a staple process found in nearly every refinery. The process removes undesirable feed contaminants, such as sulfur, nitrogen and metals, and saturates olefins and/or aromatics to produce high-quality products.
Low-flow, high-head pumping requirements in refining and petrochemical plants make up less than 2% of the total pump population. This minor percentage is creating significant reliability concerns, which result in low mean-time between failures (MTBF), as well as high maintenance costs.
To kick off the new year, industry leaders and esteemed colleagues shared their viewpoints on 2018 and beyond with Hydrocarbon Processing. These viewpoints offer insight into growing regions of activity, technological advances, and how the downstream industry can innovate in 2018 and into the future.
What is the state of the global hydrocarbon processing industry (HPI)?
The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals.
A proprietary slurry technologya represents an innovation in residue conversion and unconventional oil upgrading, and marks a step change in the treatment of the heavy end of the barrel.
ATLANTA — James Preciado, liquid fuel markets team leader, US Energy Information Administration (EIA), spoke about an “in-balance” global oil market, but at what price, during the CRU Group’s Sulphur 2017 conference in Atlanta. In Q4 2017, the market is tight, but in future years oil may need to go over $100/bbl to meet supply demands.