Naphtha
Industry Metrics
US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thin demand due to warmer winter weather.
Industry Metrics
Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads.
Improve refinery margins with new crude selection concept
A refinery with an active crude selection strategy encompassing dedicated staff, preapproval of all new crudes and an updated crude acceptance window can gain $0.5/bbl–$1/bbl vs. a more passive strategy.
Improve refinery flexibility and responsiveness
The hydrocarbon processing industry (HPI) has changed significantly with an abundance of available discounted crude oils, a rise in markets served beyond the traditional local or regional demands, and a renewed focus on being both competitive and profitable while complying with ever-changing regulations.
HP Industry Metrics
Refinery utilization rates in the US, encouraged by the high driving season demand, continued to rise following the end of the heavy maintenance season. Regional demand in Asia continued lending suppo..
China’s ‘energy revolution’ strives for sustainable growth
China's energy demand, particularly for petroleum and other liquids, is rapidly increasing as its industrial and transportation infrastructures expand.
HP Petrochemicals: Higher international sales boost 2015 earnings above forecast for many chemical leaders
Raw materials costs continue to stay low in the US thanks to the shale boom, but the global decline in oil markets has eroded selling prices for many of the nation’s domestic chemicals and plastics producers.
HP Innovations
What's new in HPI innovations
HP News
UAE FCC catalyst manufacturing facility completes Phase 1W. R. Grace & Co. and JV partner Al Dahra Agriculture Co. marked the commissioning of a new catalyst logistics silo terminal (pictured) and the..
HP Editorial Comment: Change is redefining the petrochemical industry
The petrochemical industry is embracing more “change” that is largely due to the recent drop in crude oil prices.
- Technip Energies and Anellotech to jointly develop sustainable plastics recycling 4/22
- BHP says it aims to receive first ammonia-fueled bulk carrier in 2026 4/22
- Biofuels refiner Ecoceres expects Malaysia unit to start up in second half 2025 4/22
- Neste successfully concludes its first processing run with pyrolysis oil from discarded tires 4/22
- NextChem advances plastic upcycling with NX Replast technology, boosting the circular economy 4/22
- BASF now offering polyamides for the textile industry according to Recycled Claim Standard 4/22
