The global petcoke gasification market to grow at a CAGR of 16.55% during the period 2017-2021.
The report, Global Petcoke Gasification Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is carbon capture and storage through petcoke gasification. Petcoke gasification plays an important role in the field of carbon capture and storage. The end products of the petcoke gasification process produce CO2, 90% of which can be captured. This will help in the reduction of emissions of CO2, which is a major greenhouse gas.
According to the report, one of the major drivers for this market is increasing refinery margins. Petcoke, which is the end product of the crude oil refining value chain, is usually sold as a waste product to power plants as fuel and to other industries such as cement manufacturing and blast furnaces. The petcoke produced in a refinery depends on the type of crude oil; from lighter crude oil, petcoke production is lower but keeps on increasing once the refining of heavier crude oils begins. Refiners look for ways to convert petcoke into useful products to increase their bottom-of-the-barrel margins. One way of doing this is through the petcoke gasification process, where refiners convert low-grade carbon residues to high-grade petroleum products.
- Air Liquide
- GE Energy
- Royal Dutch Shell
Other prominent vendors
- Huaneng Clean Energy Research Institute
- Northwest Research Institute of Chemical Industry, Shaanxi
Synthesis Energy Systems
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/lfv3bt/global_petcoke