AM-13-09 Gas-to-Liquids via Mild Hydrocracking

Description:

The global refining landscape has undergone a number of significant changes over the past few years. Historic product demand patterns have shifted, prices of refinery feeds and products have become more volatile and the value of volume gain due to hydrogenation has reached historic levels. Diesel demand continues to grow at a healthy rate while gasoline demand has slowed in developed economies as fuel economy standards tighten and renewable fuels take a greater share of the pool. These trends are expected to continue. Diesel demand is predicted to continue to grow at an average rate of 1.3% per year through 2023 while gasoline demand is predicted to decline at a rate of 1%/year through 2018 and by more than 2%/year through 2023 (1).