As Joe Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.
The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by McKinsey & Co.
The region had a refining capacity of 11.5 million bpd under both planned and unplanned maintenance in 2020, according to GlobalData.
US regular retail gasoline prices were on average 44 cents/gal (17%) lower than in 2019.
China is predicted to account for 48% of the global propylene capacity additions by 2030.
North American petrochemical majors that strive to pace investments efficiently, in line with market trends, will boost their competitiveness and seize further opportunities for growth over the long-term, says GlobalData.
Livia Fallet and Renate Ruitenberg, Nalco Water, an Ecolab Company, USA, explain how connecting chemistry and advanced data analytics can help to minimise operational risks in cooling water systems.
Ekaterina Kalinenko, Euro Petroleum Consultants, Russia, examines how Russia’s downstream industry is faring while developing strategies for the future.
The JV will develop, distribute and deploy end-to-end digital and advanced solutions for customers across industries, including oil and gas, power and utilities, manufacturing and shipping.
The AFPM recently conducted a Q&A with its Senior Director of Petrochemicals, Rob Benedict, to discuss the petrochemical industry’s role in reducing plastic waste.
Global methanol capacity could potentially increase from 148.44 million tpy in 2019 to 310.94 million tpy in 2030.
The company’s report states that a strategy combining both renewables and gas power will need to be implemented in order to achieve climate goals.
Haldor Topsoe’s H2bridge™ and HydroFlex™ technologies will be used to produce renewable bio-hydrogen in Grön Fuels LLC’s renewable diesel and jet fuel facility in Louisiana, US.
The two companies will be working together on a green hydrogen production plant in the US, with the project expected to be operational in 2023.