{"id":1390,"date":"2022-07-26T02:01:05","date_gmt":"2022-07-26T06:01:05","guid":{"rendered":"https:\/\/mriomega.com\/?p=1390"},"modified":"2025-09-05T01:43:01","modified_gmt":"2025-09-05T05:43:01","slug":"__trashed","status":"publish","type":"post","link":"https:\/\/mriomega.com\/index.php\/blog\/__trashed\/","title":{"rendered":"How Crude Oil-To-Chemicals Technologies are transforming the global oil industry"},"content":{"rendered":"<figure class=\"wp-block-post-featured-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"2560\" height=\"1660\" src=\"https:\/\/mriomega.com\/wp-content\/uploads\/2022\/07\/Crude-Oil-To-ChemicalS-scaled.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" style=\"object-fit:cover;\" srcset=\"https:\/\/mriomega.com\/wp-content\/uploads\/2022\/07\/Crude-Oil-To-ChemicalS-scaled.jpg 2560w, https:\/\/mriomega.com\/wp-content\/uploads\/2022\/07\/Crude-Oil-To-ChemicalS-300x195.jpg 300w, https:\/\/mriomega.com\/wp-content\/uploads\/2022\/07\/Crude-Oil-To-ChemicalS-1024x664.jpg 1024w, https:\/\/mriomega.com\/wp-content\/uploads\/2022\/07\/Crude-Oil-To-ChemicalS-768x498.jpg 768w, https:\/\/mriomega.com\/wp-content\/uploads\/2022\/07\/Crude-Oil-To-ChemicalS-1536x996.jpg 1536w, https:\/\/mriomega.com\/wp-content\/uploads\/2022\/07\/Crude-Oil-To-ChemicalS-2048x1328.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/figure>\n\n\n<ul class=\"wp-block-list\">\n<li>To create more petrochemicals and optimize the value obtained from each barrel of oil, COTC has shown great promise.<\/li>\n\n\n\n<li>Modular refineries and petrochemical plants in the Asia Pacific, the Mid East, China, &amp; Eastern Europe have taken notice of COTC.<\/li>\n\n\n\n<li>COTC is expected to affect the oil marketplace by increasing the amount of crude oil used in the chemical industry.<\/li>\n<\/ul>\n\n\n\n<p>In the coming\nyears, the need for chemicals is expected to expand by 3-3.5 percent, as\nopposed to a 1-1.5 percent increase in crude oil consumption, reflecting the\nrapid expansion of the global chemicals sector.<\/p>\n\n\n\n<p>Global refiners are\nspeeding the integration of their refining and petrochemical divisions to meet\nthe increasing demands for olefins and aromatics and the long-term projected\nflattening of the gasoline market. They have to increase their focus on\nimproving margins and boosting profitability per barrel because of changing oil\nprices.<\/p>\n\n\n\n<p>Given how they\ntransform low-value oil into high-value chemicals in current refineries, (COTC)\ncrude oil to chemicals technologies is becoming more and more relevant.<\/p>\n\n\n\n<p>The technique\nclaims to increase intermediate petrochemical production from a barrel of crude\noil to a 60\u201380% yield range. That is significantly greater than the 10% yield\nfrom typical refineries that are not linked and the 15 to 25% yield range for\npetrochemical plants that are linked together.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:22px\"><strong>The following\ntactics are often used in COTC plants.<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Crude oil is directly processed in steam cracking.<\/li>\n\n\n\n<li>Hydro-processing\/de-asphalting combined with      steam cracking<\/li>\n\n\n\n<li>Hydrocracking is used to process middle distillates and residues.<\/li>\n<\/ul>\n\n\n\n<p>Strategic changes\nwere established to boost profits while significantly increasing output volumes,\nconnectivity, and complexity. According to estimates, two massive 200,000\nbarrels per day of COTC complexes can increase ethylene and propylene yearly\ncapacity to 6.4 MMT &amp; 4.4 MMT, respectively. Additionally, this can\nminimize carbon footprint.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:22px\"><strong>The main actors in\nCOTC technology<\/strong><\/h2>\n\n\n\n<p>Integrated refinery\nand chemical manufacturers continue to pay attention to COTC. Yet, with this\ntechnology rising in popularity, only a few well-equipped integrated oil firms\nworldwide are attempting to use it to gain ground in the petrochemical sector.\nLarge businesses from the United States, the Mideast, &amp; China are among\nthem.<\/p>\n\n\n\n<p>The Middle East is\nan attractive location for COTC investments due to its proximity to demand hubs\nin China, India, and Africa.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Saudi Aramco: The leading oil giant is developing thermocracking &amp; catalytic conversion technology, two catalytic processes that offer yields of over 70% of chemicals from the barrels. It is actively collaborating with Beijing&#8217;s Tsinghua University to generate a unique catalytic conversion process that will be used as a      pilot.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Hengli Petrochemical: One of the first projects using COTC technologies to go online was the industry&#8217;s facility in Dalian, China, in 2019.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sinopec: The single-step crude-to-chemicals method recently saw a breakthrough by a Chinese business.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ExxonMobil: With significant operations in the\n     United States and Singapore, the oil and gas company has devised a\n     technology to generate very lightweight crude &amp; send it straight to a\n     steam cracker to create lighter and smaller hydrocarbons.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shell: Shell Catalysts &amp; Technologies is utilizing refinery petrochemical integration while concentrating more on implementing COTC technologies.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reliance Industries: At COTC&#8217;s Jamnagar site in India, a $9.3 billion investment on a worldwide scale has proposed that      Saudi Aramco owns 20% of the projects owned by Reliance.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total: The French oil giant is an international competitor for COTC.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:18px\"><strong>The main\ncontractors for refiners who have implemented COTC technology<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Axens and Honeywell UOP have been pioneers in advancing technologies in this field.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Siluria Technologies has joined forces with\n     Saudi Aramco to co-develop COTC &amp; oxidative couplings of methane (OCM)\n     technology to produce polyolefins.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The commercialization of Saudi Aramco&#8217;s patented thermal oil to chemical technologies has accelerated because of      Chevron Lummus Global, a significant technical collaborator for both      McDermott and Saudi Aramco.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Throughout its partnership with Chevron\n     Lummus, McDermott, a significant EPC contractor, has executed over 100\n     hydroprocessing plant concepts globally.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:22px\"><strong>The risks of\ndeploying COTC technology<\/strong><\/h2>\n\n\n\n<p>Saudi Aramco and\nSABIC have had to save cash flow &amp; budgets and re-evaluate preparations for\n$20 billion COTC development in Yanbu because of the industry-wide disruption\nbrought on by COVID-19. The combination of their current facilities with a\nlarge-scale mixed feed steaming cracker &amp; downstream olefin derivatives\nunits is now being reviewed.<\/p>\n\n\n\n<p>With two large\nprojects, Hengli Petrochemicals (COTC Phase 1, C42% transformation per barrel\nof crude oil) &amp; Zhejiang Petroleum and Chemical (COTC stage 1, accomplished\n45% conversion per barrel of crude oil), as well as increased adoption, China\nsees significant demand for COTC. However, the danger of oversupply with\nadditional investments could additionally pressure the boundaries of\npara-xylene inside the aromatics industry of the Asia Pacific. One of the first\nsignificant projects using COTC technologies to go online was the industry&#8217;s\nfacility in Dalian, China, in 2019.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:22px\"><strong>The outlook<\/strong><\/h2>\n\n\n\n<p>By increasing the\namount of crude oil used in the chemical sector, COTC is expected to alter and\nperhaps even disrupt the market environment by 2025\u20132030. As COTC acceptance\nrises, national &amp; independent oil corporations will likely increase their\ninvestments in this market. Current petrochemical businesses can pursue COTC on\ntheir own by engaging with regional nations or cooperating with technology\nproviders, even if they might not be able to compete with COTC units on scale\nand breadth.<\/p>\n\n\n\n<p>Thus, we can see\nthat the implementation of COTC could act as a crucial lifeline for future\nsurvival if there have been issues with overcapacity and the prospect of peak\noil demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the coming years, the need for chemicals is expected to expand by 3-3.5 percent, as opposed to a 1-1.5 percent increase in crude oil consumption, reflecting the rapid expansion of the global chemicals sector. Global refiners are speeding the integration of their refining and petrochemical divisions to meet the increasing demands for olefins and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[589],"tags":[],"class_list":["post-1390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/posts\/1390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/comments?post=1390"}],"version-history":[{"count":7,"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/posts\/1390\/revisions"}],"predecessor-version":[{"id":2355,"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/posts\/1390\/revisions\/2355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/media\/2436"}],"wp:attachment":[{"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/media?parent=1390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/categories?post=1390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mriomega.com\/index.php\/wp-json\/wp\/v2\/tags?post=1390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}