Videos
World oil markets are rebalancing after the Covid-19 crisis spurred an unprecedented collapse in demand in 2020, but they may never return to “normal”. Oil 2021, the IEA’s latest medium-term outlook, explains why. Rapid changes in behaviour from the pandemic and a stronger drive by governments towards a low-carbon future have caused a dramatic downward shift in expectations for oil demand over the next six years. This is forcing hard decisions on oil-producing countries and companies, which are reluctant to leave resources untapped or to install new capacity that would only sit idle. Could oil demand peak sooner than expected? Or is the world heading into a supply crunch? What will the implications be for the refining industry and trade flows? Oil 2021 tackles these questions by analysing oil market data, trends in investment and technology, and government policies. The report provides a comprehensive outlook for global supply and demand to 2026 and explores the vast challenges and uncertainties that lie ahead.
Alkylate is a valuable, clean-burning, octane-boosting gasoline blending stock that is becoming increasingly important in the green economy. Unfortunately, traditional alkylation processes utilize corrosive and toxic catalysts such as hydrofluoric acid and sulfuric acid, and these chemicals pose serious safety and environmental concerns while significantly driving up the costs of safety and maintenance for refiners.
Well Resources’ safe and sustainable Ionikylation technology utilizes a non-corrosive composite ionic liquid catalyst to produce high yield, superior quality alkylate. All Ionikylation process equipment is manufactured using carbon steel and the system is operated at moderate operating conditions.
Ionikylation was first commercially demonstrated in 2005. Since then, six commercial units ranging from 50,000 to 300,000 metric-tpy have been constructed, including the world’s first successful revamp from an existing hydrofluoric acid-based alkylation unit. Several new units have been have been licensed and are under construction.
The Hydrocarbon Processing Awards honor the downstream energy segment’s leading innovations, as well as outstanding personal contributions to the industry.
China’s recent three Five-Year Plans have put clean water in the forefront. For example, new central government requirements for reducing chemical oxidation demand (COD) in refining and petrochemical wastewater effluents and controlling their use of freshwater sources have gotten increasingly strict. Learn more from Bill Cunningham, Director of Business Development, Integrated Solutions for Siemens Water Solutions.
Read the article HERE
As digitalization accelerates in today’s downstream refining and petrochemical facilities, operators need to stay ahead of ever-growing cyber vulnerabilities in the operational technology (OT) layer—prime targets for threat actors—that may not be covered by traditional IT safeguards. Unfortunately, too often, that is not the case for a variety of reasons.
- Repsol selects Honeywell Ecofining Technology for biofuel production in Spain 10/3
- Carbon Recycling International and Jiangsu Sailboat start up world’s most efficient CO2-to-methanol plant 10/3
- AWS launches process optimization solution for downstream and midstream operations 10/3
- ADNOC to be first company in the Middle East to receive ISCC Certification to produce SAF 10/3
- Malaysia mulls expansion of B10 biodiesel usage to industrial sector 10/3
- Russia declines to say how long fuel export ban will last 10/3
