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Global refining catalyst market driven by growth in hydroprocessing

March 27/2012

(hydrocarbonprocessing) -- Refining catalysts are experiencing strong growth this year, driven by demand for cleaner fuels, increasing use of heavier and dirtier feedstocks and major additions to refining capacity. 

Refining catalysts are moving to a more balanced market, the report says, shifting from one characterized by oversupply to a more stable sales effort.

The market picture for hydroprocessing catalyst supply and demand continues to evolve, the report says.

Hydroprocessing catalysts are the fastest-growing refinery catalysts, according to ReportsnReports. These catalysts help control and improve the operational efficiencies in the petroleum refining process.

Hydroprocessing catalysts are also used to create cleaner fuels, especially ultra-low-sulfur diesel (ULSD).

Demand is lower for the more mature FCC catalysts than the hydroprocessing catalysts, allowing hydroprocessing catalysts to pass FCC catalysts and become the largest segment of the refinery catalyst market.


mrcplast.com
Author:Anna Larionova
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Category:General News
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