Dec 2019
Oil, Gas and Refined Products

Maximizing Petrochemical Production from Refineries (2019 Program)

This report focuses on the approaches used by developers of Crude Oil to Chemicals (COTC) complexes currently being built, which is primarily through reconfiguration of existing bottom of the barrel and VGO conversion technologies to obtain petrochemical yields between 40 and 50 percent.  The report discusses the different technology options, provides case studies for how they are implemented in projects operational or under construction, and contrasts the return on capital employed for COTC complexes versus “conventional” integrated refinery/petrochemical complexes.  Lastly, the report discusses the impact of COTC projects on the refining and petrochemical markets.