Asia leads global refinery hydrocracking capacity growth

first_imgRob Cockerill, gasworld’s Global Manager Editor, explains here.“First of all, let’s look at why hydrocracking is significant. We know that the oil and gas refining sectors consume huge amounts of industrial gases in their processes, particularly a gas like hydrogen that is considered the key enabler in cleaning up these ‘dirty’ products of extraction and helping to ensure the fossil fuel products that we are so dependent on today meet their required specifications and regulations requirements,” he said.“When it comes to hydrocracking specifically, this is basically a two-stage process combining catalytic cracking and hydrogenation – hence, hydro-cracking. This process sees the heavier feedstocks cracked in the presence of hydrogen to produce those products we need and use today. The process relies upon high pressure, high temperature, the catalyst, and of course the significant volumes of hydrogen.”“When it comes to these projections for the Asia-Pacific region, we know that the (petro)chemicals and refining sectors are traditionally one of the biggest end-users of industrial gases across so many regional economies, and this is certainly the case in two of the countries mentioned here, India and Thailand.”Cockerill cited 2018 figures from gasworld Business Intelligence which described the chemical and refining sectors accounting for a combined 39% of the commercial industrial gases market in Thailand in 2018. In India, these sectors accounted for a combined market share of around 22% in 2018.“The interesting factor in the Indian market in particular,” Cockerill added, “is that there’s a large captive market across the country. The Indian industrial gas sector has an unusually large onsite business for a developing country (22% approx.), with a large number of steel clients that have been ‘weaned’ off captive-owned and operated supply solutions in the last decade.”“Whilst most gas production within the petrochemical and refining industries in India remains captive, our colleagues in gasworld Business Intelligence expect the trend to convert captive plants into onsite supply schemes to accelerate. And the captive operations in India are quite substantial too; combined with any major hydrocracking capacity additions expected in the years ahead, we could see strong industrial gas growth potential in the country, as well as boosts to the regional gas markets in China and Thailand, respectively.” According to data and analytics company GlobalData, the region is likely to add 1.2 million barrels per day (mmbd) of hydrocracking units capacity by 2024.The company’s report, Global Refinery Hydrocracking Units Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Hydrocracking Units, reveals that the global hydrocracking units’ capacity is expected to increase by 2.4 mmbd, from 11.3 mmbd in 2019 to about 13.7 mmbd in 2024.Out of the total global capacity additions, 1.6 mmbd is likely to come from the expansion of active projects while the remaining 0.8 mmbd is expected to come from new-build planned and announced projects.“Out of the Asia’s total hydrocracking units capacity additions of 1.2 mmbd by 2024, 0.4 mmbd is likely to come from active expansion projects and new-build projects are expected to contribute the rest 0.8 mmbd by 2024,” said Adithya Rekha, Oil and Gas Analyst at GlobalData.“In the region, China, India and Thailand account for most of the capacity additions with a combined total of 1.1 mmbd by 2024.”GlobalData expects Former Soviet Union (FSU) to occupy the second place in terms of hydrocracking unit capacity additions by 2024.The region is expected to contribute about 22% of the global hydrocracking units’ capacity growth, with total capacity additions of 540 mbd by 2024. In the FSU, Russia accounts for most of the capacity additions with 480 mbd.“Middle East will be the third-highest region globally, with 325 mbd capacity addition by 2024. Kuwait, Bahrain and Oman will be the top three contributors in the region with a combined capacity of 270 mbd by 2024,” Rekha concluded.Why could these developments in the Asia-Pacific region be of interest to the gases industry?last_img read more

NFF-AITEO Football Awards Set for Bigger Second Edition

first_imgFollowing the success of the first edition of the NFF-AITEO Football Awards in 2018, the second edition, which will be held at the Grand Ballroom of the Eko Hotel and Suites, Victoria Island in Lagos, has been scheduled for April 1, 2019.President of the Nigeria Football Federation, Mr. Amaju Melvin Pinnick confirmed to on Thursday that this year’s edition would be an even bigger occasion as the NFF and award sponsors AITEO (incidentally also the sponsors of the annual CAF African Football Awards) have perfected arrangements to expand the guest-list, guarantee greater radiance and panache and honour more legends of the Nigeria game on the learnt from other sources that CAF President Ahmad, FIFA Secretary General Fatma Samoura, members of the CAF Emergency Committee, an array of prominent political heavyweights and galvanizers in Nigeria, oaks of Corporate Nigeria, renowned administrators past and present, football legends and today’s superstars, foremost figures in the entertainment industry and media owners and chieftains would be among the invitees to the big event.Last year’s inaugural edition wowed the football world with huge entertainment, with Governors Akinwunmi Ambode and Ifeanyi Okowa of Lagos and Delta States respectively, joining FIFA President Gianni Infantino, CAF President Ahmad, FIFA General Secretary Fatma Samoura, several prominent political figures, football legends and stars of today, giants of entertainment and media owners at the Eko Hotel and Suites for the occasion.It also marked the first time that the nation’s football-governing body was organizing an Awards ceremony to reward and inspire the major actors and actresses in the Nigerian Football space.Gongs were presented to winners in Player of the Year (men), Player of the Year (women), Coach of the Year (men), Coach of the Year (women), Young Player of the Year (men), Young Player of the Year (women), Team of the Season, Fairplay Award, Goal of the Season, Fans of the Season, NFF Development Award and Platinum Award categories. Also, there was a special recognition of a ‘Legends Eleven,’ a squad of outstanding former Nigeria international players. Recognition was also accorded the first Nigerian football team to achieve glory – the Green Eagles squad that won the football gold at the 2nd All-Africa Games that Nigeria hosted in 1973.AITEO’s Deputy Managing Director Francis Peters said at the occasion: “The amazing power of football to heal wounds, enrich the gifted and entertain the majority is the reason why AITEO, Africa’s leading energy solution company, is investing in the game. We remain grateful to the Nigeria Football Federation for giving us the opportunity to begin charity at home. We also praise the leadership of the Confederation of African Football for providing us with the platform to be part of the continental terrain.“AITEO is an organization that is committed to the vision of every African realizing his potential, whether they be in football or some other profession, and our operating business principle revolves round encouraging and empowering the teeming youth population of this country, and of this continent, to take their destiny in their own hands and aim for the very top.”Relatedlast_img read more