AM-17-30 Utilizing Cheap Gas to Maximize Refinery Profits in North America

Description:

This paper examines multiple real conversion opportunities utilizing state-of-the-art residue and distillate hydrocracking technologies from Chevron Lummus Global (CLG). Existing refinery assets are utilized to the fullest whenever feasible, including Delayed Coking and FCC in particular. The net result of the conversion step will be a very significant value addition from transportation fuels to high value petrochemicals. The economics of the conversion projects are derived from real projects that are in various phases of being implemented. The price of high pressure equipment and commodities in general have never been quite as attractive as today and coupled with low cost hydrogen, provides the clearest opportunity for refiners to improve margins.