This free 45-minute webinar discusses: global petrochemical trends, investment considerations, alternative feedstock processes, process simulation, and ingredients for success. View now to learn more!
Volatile and high prices of crude oil, in combination with environmental concerns, have spurred the valuation of alternative feedstocks for the petrochemical industry. An in-depth comparison of new technologies for high valued chemicals production versus traditional steam cracking is required before an owner can decide to spend billions in capital on a new petrochemicals complex, be it grassroots or brown-field. This requires deep and comprehensive knowledge of the available alternative processes, a full petrochemical market analysis including an accurate forecast of feed and product prices, and rigorous process modelling to optimise the complex configuration. Whereas existing sites may have many degrees of freedom on feedstocks (LPG/naphtha/gasoil/condensate) and products (olefins/aromatics), the benefits for properly integrating an appropriate new technology can be substantial. Tens of millions of dollars per year of margin improvement can be expected if the correct technology is selected and then integrated properly into the existing complex and/or planned configuration. Alternatively, an improperly selected project can become a long-term money pit for the stakeholders instead of the desired cash cow investment.
Matthew is a Senior Consultant at KBC with over 13 years experience as a Chemical Engineer. He has primarily focused on the petrochemical industry, where he served as a process engineer and unit manager for a large polyolefin manufacturing complex. Conversant in modelling software, he was able to coordinate optimisation, manufacturing, sales, and customer services to effectively manage product inventories and execute the strategies of business management.