#Naphtha Price

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Naphtha Price | Prices | Pricing | News | Database | Chart

In the second quarter of 2024, the North American naphtha market faced a significant downturn, influenced by various factors. Prices steadily dropped throughout the quarter due to an oversupply of naphtha, weak demand from downstream petrochemical industries, and falling crude oil prices. The market was flooded with high volumes of naphtha, mainly driven by increased production from key global suppliers. This excess supply created a surplus, putting substantial downward pressure on prices. Additionally, the petrochemical sector, which relies heavily on naphtha, experienced subdued demand as inflation soared and trading activities slowed, further contributing to the overall market decline. The strong correlation between naphtha and crude oil prices persisted, with naphtha mirroring the broader downward trends in crude oil markets.

Within North America, the United States saw the most significant price fluctuations during this period. The overall trend was predominantly negative, and seasonal factors, particularly the summer driving season, played a crucial role. Despite expectations of increased demand during this time, the season fell short of projections, leading to further weakening of naphtha prices. Compared to the same period in 2023, prices fell by 9%, marking a substantial year-over-year drop. From the first quarter of 2024 to the second, the decline was more modest, at just 1%, though it underscored a persistent downtrend in the market. The first half of Q2 saw sharper price declines, recording a 6% decrease compared to the second half. By the end of the quarter, the North American naphtha market was characterized by high inventories, weak demand, and an overall negative pricing environment, reflecting the broader economic and industrial challenges faced during the period.

Get Real Time Prices for Naphtha: https://www.chemanalyst.com/Pricing-data/naphtha-43In the Asia-Pacific (APAC) region, the naphtha market in Q2 2024 similarly struggled with falling prices, driven by an oversupply of the product and weak demand from petrochemical industries. The abundant supply of naphtha, coupled with a steady decline in crude oil prices, created a bearish sentiment across the region. Even when crude oil prices occasionally rallied, the overall supply-demand imbalance maintained a downward pressure on naphtha prices. Japan, in particular, experienced the most significant price volatility during the quarter. The naphtha market there was heavily impacted by seasonal and economic factors, leading to an overall decline in prices. In the second half of Q2, prices dropped by 4% compared to the first half. When compared to the same quarter in 2023, naphtha prices in Japan plummeted by 37%, signaling a sharp contrast to the more moderate 1% decline seen between the first and second quarters of 2024. By the end of Q2 2024, the price of naphtha CFR Tokyo stood at USD 703/MT, underscoring the persistent downward trend. Japan’s naphtha market, like much of the APAC region, was marked by oversupply, weak demand, and stable yet unsupportive crude oil prices, driving prices lower throughout the quarter and highlighting the challenges faced by the market.

The European naphtha market in Q2 2024 also saw a notable decline in prices, shaped by a convergence of critical factors. Chief among them was the sharp drop in crude oil prices, which directly impacted naphtha valuations. The reduction in crude oil prices was largely due to oversupply in global markets and weakening demand. Geopolitical tensions in the Middle East further complicated the situation by disrupting supply chains, while economic uncertainty in major markets like Europe and the United States kept industrial demand in check. Naphtha supply from the US Gulf Coast and the Arab Gulf also increased during the quarter, as traders took advantage of arbitrage opportunities. This influx of supply added further pressure on prices. High inventory levels across Europe, coupled with low purchasing activity and inflation-driven economic sluggishness, exacerbated the negative pricing environment.

Germany, a key market in Europe, experienced the most significant price changes during the quarter. Traditionally, Q2 sees a seasonal uptick in demand, but this did not materialize in 2024, primarily due to weak demand from downstream sectors like petrochemicals. The decline in crude oil prices had a direct effect on naphtha, reflecting the interconnectedness of these markets. Year-over-year, naphtha prices in Germany fell by 15%, highlighting the negative shift in market sentiment. However, when compared to the first quarter of 2024, prices remained stable, with no recorded change, indicating a steady but low pricing environment. Within Q2 itself, the first half saw a 3% decline in prices compared to the second half, continuing the negative trend. Overall, the European naphtha market, particularly in Germany, was characterized by oversupply, weak demand, and economic uncertainty throughout Q2 2024, leading to significant price reductions and a predominantly negative market sentiment.

The second quarter of 2024 across North America, APAC, and Europe highlighted the global challenges faced by the naphtha market, as oversupply, weak demand, and economic volatility converged to create a difficult pricing environment.

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vanilla production facts

it is an orchid

the flower blooms one day per year and must be manually pollinated. pollination causes the base of the flower to swell almost immediately, from there it takes weeks to develop into a seed pod

vanilla costs about $300/lb. this being the pulp of the fruit itself, the extract we are familiar with is dilute. second only to saffron for expense. the price also tends to fluctuate greatly depending on the abundance of any given year's crops

there are three strains of cultivated vanilla. cultivation dates as far back as the totonac people in the 12th century, who live in present day veracruz, on the eastern coast of mexico. the olmecs may have also used wild vanilla in cooking thousands of years earlier

vanilla was cultivated in european botanical gardens but not really used much for 300 years after the colombian invasion of mesoamerica until finally some idiot realized the melipona bee doesn't live there, which may not have even been the correct type of bee (possibly euglossine)

five years later (1841) a 12-year-old slave named edmond albius on the island of reunion figured out how to manually pollinate the flowers, which is an extremely delicate and difficult process. some french botanist claimed to have invented this process, and people believed him for over a century

the aroma doesn't develop until after the seed pod is harvested and processed. it must be sorted, graded, blanched, then alternately sweated and dried for 15-30 days. the blanching halts fermentation, which makes one wonder, what is a fermented vanilla seed pod like?

synthetic vanillin is derived from eugenol, from clove oil, and lignin, from any number of sources. the vast majority of synthetic vanilla is made from wood creosotes which occur as a product of lignin pyrolysis (fire). its major source is, like anything, the petrochemical industry, which requires heat to fractionally distill oil into several byproducts (kerosene, naphtha, gasoline, etc). which is to say, 85% of synthetic vanilla is made from the wood smoke of the oil industry. you might be inclined to ask "doesn't this pollute" which, if you recapture the smoke to sell its particulate creosotes to synthetic vanilla producers, no, i guess not really, or "why don't they use oil to heat the oil" because it is more profitable to sell the oil and burn wood to make it, obviously

it is difficult to tell the difference between natural and synthetic vanilla in baked goods, because the baking process burns off the distinctive notes, most of which differ by growing region (tahitian vanilla is floral, indonesian vanilla is smoky, mexican vanilla is woody or spicy, bourbon vanilla from reunion has an alcoholic richness)

price markup occurs not at the point of farming, but after the point of curing. there is no set price for green vanilla beans, but there is a set price for dried vanilla beans, after they have passed through several middlemen from farmer to broker to curing. after this point, they are marked up several more times before finally making it to grocery store shelves in the form of bottled extract

in 2017 a cyclone destroyed maybe 30-80% of madagascan vanilla crops, where possibly as much as 60-80% of the global supply of vanilla is grown. in the 5 years since then, the price has not recovered, but boy howdy, have the labels gotten more fancy in specifying when it's from madagascar, haven't they?

70% of madagascar lives below the poverty line, despite the island producing the majority of the world's supply of the second most expensive spice

by volume, the number of vanilla beans imported to the united states every year is nearly two for every single member of the population (~640m, for a ~330m population)

anyway stop pouring a whole bottle of it into a cup for a joke what the fuck is wrong with you people i hope to god that ibuprofen potion post was staged with some vaguely brown liquid. also the word vanilla etymologically derives from the latin vagina meaning sheath ok bye

[zvaigzdelasas]

United States Navy ships fired on a Houthi anti-ship missile in Yemen hours after a tanker operated on behalf of trading giant Trafigura Group carrying a cargo of Russian fuel was hit in the most significant attack yet by the rebel group on an oil-carrying vessel.[...]

The vessel was carrying Russian-origin naphtha — a product used to make plastics and gasoline — purchased below the price cap imposed by the Group of Seven nations, a Trafigura spokesperson said Friday.[...]

Vast amounts of Russian petroleum now pass through the southern Red Sea to reach Asian buyers following Europe’s shunning of its cargoes due to the war in Ukraine. [...]

The vessel collected its Russia-origin cargo via a so-called ship-to-ship transfer from a stretch of water in the Laconian Gulf in southern Greece, according to data from analytics firm Kpler. The area has been pivotal in helping Russia to get its petroleum to the global market and, as well as handling supplies under the price cap, has also facilitated more shadowy trades. Trafigura, along with other commodity traders like Glencore Plc, Vitol Group and Gunvor Group, was one of the biggest lifters of oil from Russia before the country’s full-scale invasion of Ukraine and was a partner in a major oil project run by state producer Rosneft PJSC.

The operator of the Marlin Luanda is registered as being Oceonix Services Ltd, a UK registered company.[...]

In a statement, a Houthi spokesperson claimed the Marlin Luanda was a British ship and was targeted in response to "American-British aggression against our country".

US now securing UK-owned shipments of Russian petroleum products under the g7 price cap to help sustain Israel's genocide [26 Jan 24]

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Russia’s Oil Revenue Drops Sharply as Price Caps Work, IEA Says

Russia’s oil-export revenue fell to lowest in more than a year in February as buyers of the nation’s barrels largely complied with price caps and sanctions, according to the International Energy Agency. 

The flow of money into the country from international oil sales fell to $11.6 billion last month, down more than 40% from a year earlier, according to the IEA. February crude oil and product exports averaged 7.5 million barrels a day, the lowest since September, the agency estimated.

“Although it has been relatively successful in sustaining volumes, Russia’s oil revenue has taken a hit,” the IEA said on Wednesday in its monthly report.

Western countries and their allies have taken a number of steps to reduce Russia’s oil proceeds, a key source of revenue for the national budget, in order to limit the Kremlin’s ability to finance its war in Ukraine. 

The coalition of nations have imposed ceilings on the price of Russian crude oil and refined products, which are designed to ensure the keep country’s energy flowing onto world markets while curbing revenue. The price restrictions came on top of European Union bans on imports of nearly all seaborne Russian crude and petroleum products, depriving the Kremlin of what has historically been its largest energy market. 

The bans forced Russia to find alternative markets in the Middle East and Latin America and expand supplies in Asia, yet the western caps gave the new clients the leverage to negotiate lower supply prices. The restrictions stipulate that buyers from third countries can access such western services as insurance and shipping only if they comply with the caps.

Price Caps

Initial market signals indicate that Russian crude oil and petroleum products on average were sold well below the price caps last month, according to the IEA. The agency’s calculations may be a factor in discussions between European nations on Wednesday, with Estonia, Lithuania and Poland arguing that the ceiling can be set much lower. 

The weighted average export price of Russian crude was at $52.48 a barrel, compared with a cap of $60, the IEA calculated using data from Argus Media Group and Kpler. The estimates are for the so-called free-on-board, or FOB, price, which excludes shipping and insurance costs.

Urals crude, Russia’s key export blend, sold for $45.27 in the Black Sea market, while such blends as ESPO, Sakhalin and Sokol, designed to be sent to Asia, traded well above the cap, according to the IEA. 

Russian diesel and gasoline, and lower-value products including naphtha and fuel oil, also traded on average below their caps of $100 and $45 a barrel, respectively, the data show. 

The IEA drew a different conclusion to the US Treasury, which estimated that only 25% of Russian oil sales occur below the cap. Still, both parties say the restrictions are doing their job by curbing Russia’s budget revenue while keeping export flows robust.

The IEA revised up its outlook for Russia’s average 2023 oil output to 10.4 million barrels a day, which is still down 740,000 barrels a day from the prior year. 

The country’s production “has held up surprisingly well following its invasion of Ukraine as measures have been put in place to facilitate the re-routing of crude oil exports to new markets,” according to the IEA. 

In retaliation for western sanctions, Russia pledged to cut its oil production by 500,000 barrels a day in March. So far, according to Bloomberg ship-tracking data, there’s no sign of export flows being affected. Russia’s refinery throughput in the first days of March dropped 2% on February levels, but the cuts may be partly an effect of seasonal maintenance.

[industrynewsupdates]

How Market Trends Present Opportunities in the Maleic Anhydride Market

The global maleic anhydride market is projected to reach a size of USD 4,386.1 million in 2023, with expectations of expanding at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. This growth can be largely attributed to the increasing demand for unsaturated polyester resins (UPR), which are a primary component in the production of fiberglass-reinforced resins. These resins find extensive applications in various industries, including automotive and marine sectors, as well as in construction products like sinks, countertops, and bathtubs.

In North America, the United States stands out as the largest consumer of maleic anhydride, commanding a revenue share of 82.9% in 2023. This dominance is linked to the rapid expansion of key industries such as agriculture, automotive, and construction. According to TST Europe, total construction spending in the U.S. reached approximately $1.98 trillion in 2023, marking a 7.4% increase from the previous year. This growth was particularly pronounced in nonresidential construction, which saw a significant 17.6% year-over-year increase, while residential construction spending experienced a decline of 3% due to rising interest rates and inflationary pressures. Additionally, the U.S. consistently constructs structures valued at over USD 1.8 trillion annually, which is expected to further bolster the maleic anhydride market in the country.

Gather more insights about the market drivers, restrains and growth of the Maleic Anhydride Market

Drivers, Opportunities, and Restraints

Unsaturated polyester resins play a critical role in the automotive sector, serving as body fillers that facilitate rapid reconstruction and repair of damaged vehicle components. They are also used as putty in car painting processes, ensuring a smooth finish by masking any imperfections. UPRs provide excellent adhesion for paint, which enhances the durability of the coating applied. Specifically, these resins are commonly utilized in the repair of bumpers, doors, roofs, and interior components affected by accidents. As global car accident rates continue to rise, the demand for UPR is anticipated to increase, subsequently driving up the need for maleic anhydride.

Moreover, maleic anhydride is integral to a variety of industries, including automotive, building and construction, pharmaceuticals, and personal care and cosmetics. The rising demand for unsaturated polyester resins in automotive and construction applications is poised to significantly boost the market for maleic anhydride. Additionally, the incorporation of additives in the automotive sector aimed at improving fuel efficiency and reducing emissions is likely to further fuel the demand for this chemical compound.

The production of maleic anhydride primarily relies on feedstocks such as n-butane and benzene. The global prices of these feedstocks are closely tied to the trends in crude oil and naphtha prices. The volatility of crude oil has been a significant factor contributing to the fluctuations in benzene prices. Consequently, the pricing of crude oil and the downstream demand from various industries have a considerable impact on the global petroleum derivatives market, influencing the availability and cost of maleic anhydride.

The maleic anhydride market is positioned for growth driven by robust demand from multiple industries, particularly in applications utilizing unsaturated polyester resins. As the automotive and construction sectors expand, and as new regulations drive the need for more efficient materials, the outlook for maleic anhydride remains positive, with ample opportunities for development and innovation.

Order a free sample PDF of the Maleic Anhydride Market Intelligence Study, published by Grand View Research.

[altamereplanotx]

What Is PPF For Your Car?

What Is PPF For Your Car?

PPF for car is a clear protective film that shields vehicles from damage. It protects against dings, scratches, rock chips and other environmental elements that can decrease a vehicle’s resale value. It is a long-lasting, durable product with self-healing properties. It is a good investment for your vehicle and can be applied to specific areas, such as the hood, mirrors or door edges.

1. Aesthetics

Unlike waxes and sealants that only protect against damage for a short amount of time, PPF offers long-term defense from road hazards and

oxidation. It also provides superior protection against swirl marks and scratches, keeping your car looking showroom-new in the long run. Today’s PPF products are highly conformable and optically clear, offering a see-thru shield that allows glossy painted surfaces to safely shine through. Additionally, most modern products have self healing properties that allow minor scratches or scuff marks to disappear with heat. However, this technology does have its drawbacks. It can leave creases and bubbles behind after installation, and some brands can yellow with exposure to UV rays. To combat these issues, get the professional installers at Alta Mere in Plano Texas to do the workand they will use steam and heat guns to properly apply the film. In addition, they will carefully decontaminate your paint before installing it. This step is important because it will help ensure that the product sticks evenly to your vehicle surface and covers all potential damages.

2. Protection

Paint protection film offers self-healing capabilities, resisting stubborn stains, and maintaining clarity. It also shields the paint from harmful chemicals and contaminants, including kerosene, naphtha, and dyed water, which can stain or erode the coating. Designed to be long-lasting and resistant, ppf protects the most vulnerable areas of your vehicle, such as your hood, mirrors, and door edges. It can be trimmed and shaped to cover these areas precisely, ensuring your car looks stunning while driving and keeping it safe from road debris. While a high-quality ppf coating is pricey, it can save you thousands in costly paint chip repairs or repainting jobs over the course of your car’s lifespan. And it adds to the resale value of your vehicle too. Besides, it’s easier to wash and maintain, requiring only soap and water or a mild solvent when needed. You’ll also enjoy a much cleaner, brighter appearance that’s customised to your vehicle.

3. Longevity

There are a lot of car protection products in the market, with varying reviews depending on longevity, price, and ease of installation. But paint protection film is one of the most effective and reliable solutions. The transparent film acts as a sacrificial layer that protects the underlying clear coat, preventing scratching and other damage. It also offers other benefits such as stain resistance, and enhanced UV protection that minimizes oxidation. When properly installed and maintained, PPF can last up to 10 years. However, the longevity of your paint protection is largely dependent on driving conditions and how you care for your vehicle. To maximize the lifespan of your ppf, never pick at the edges and always wash your vehicle according to your installer’s recommendations. Also, avoid pressure washing, as it may disrupt the curing process. Other tips include removing bird droppings and bug splatter as soon as possible, and regularly rinsing your vehicle to prevent the buildup of dirt particles.

4. Safety

PPF is a crystal clear, adhesive-backed film that a professional can apply to certain body panels or your entire vehicle. Unlike older protection films that cracked or yellowed over time in bright climates, the newer ones can last for years and are designed to self-heal from light scratches (provided they aren’t caused by pressure washers or dirty brushes during car washing). By protecting your paint against physical harm, you save money on repairs and maintenance and preserve your vehicle’s resale value. In addition, the sacrificial layer of the film repels harmful chemicals and acids that can damage your car’s paint. Finally, the coating blocks harmful UV rays that cause fading and oxidation over time. Read the full article

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Petrochemicals Market 2024- Business Planning Research and Resources, Revenue, and Forecasts 2030

Petrochemicals Industry Overview

The global petrochemicals market size was valued at USD 619.28 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2030.

The demand for the product is attributed to an increase in the demand for downstream products from various end-use industries such as construction, pharmaceuticals, and automotive, which is a major factor driving the growth. Petrochemical is a vital component for many industrial processes and hence forms the backbone of an industrial economy. Some of the products derived from petrochemicals include tires, industrial oil, detergents, plastics, etc. Basic plastic derived from the product act as a building block in the manufacturing of consumer goods.

Gather more insights about the market drivers, restrains and growth of the Petrochemicals Market

End-use industries evaluate the quality of products supplied from time to time and establish procurement agreements with suppliers to purchase petrochemical derivatives in bulk and ensure their stable and seasonal supply. An increasing number of product suppliers in petrochemicals market in U.S. has resulted in the high bargaining power of the buyers.

The industry is significantly affected by the prices of crude oil as it is a basic raw material used for the manufacturing of the product. The volatility in the prices and supply of crude oil has affected the production cost of petrochemicals, which, in turn, makes their production process costly. Factors such as the growing inclination of consumers in developed and developing regions toward environment-friendly products and the volatile prices of raw materials of petrochemicals are likely to hamper the market growth in the coming years.

The steam cracking process is one of the most commonly used processes for manufacturing petrochemicals from natural gas or crude oil. In this process, ethane, a derivative of natural gas or naphtha that is predominantly derived from crude oil, is used for the manufacturing of olefins. A steam cracker has equipment operating at pressure from near-vacuum to 100 atm and operating at temperatures from 100 K to 1400 K.

Moreover, the demand for petrochemicals and their derivatives for use in various applications such as tires, pharmaceuticals, high-tech materials, and paints across the U.S. is led by unprecedented success in the exploration and production of shale gas. The country is a major exporter of petrochemical products to Europe, as well as to countries such as China and India. There has been a significant resurgence in investments and petrochemical capacity expansions in the U.S. since 2014 owing to the reduction in feedstock prices and high demand for petrochemicals in aforementioned applications in the country.

Browse through Grand View Research's Petrochemicals Industry Research Reports.

• The global naphtha market size was valued at USD 189.5 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030.

• The global diesel exhaust fluid market size was valued at USD 36.66 billion in 2023 and is projected to grow at a CAGR of 7.9% from 2024 to 2030.

Key Petrochemicals Market Company Insights

Some of the key players operating in the market include SABIC, ExxonMobil Corporation, and BASF SE.

SABIC, a global leader in petrochemicals, emphasizes on diversified product portfolio ranging from basic chemicals to specialty products. It focuses on innovation, sustainability, and operational excellence. SABIC often invests in R&D to enhance product quality, efficiency, and explore eco-friendly alternatives.

ExxonMobil is a leading player in petrochemical industry, with a focus on integrated downstream operations. Its strategy involves technological innovation, cost leadership, and commitment to sustainability. ExxonMobil continuously invests in advanced technologies to improve efficiency and reduce environmental impact.

Mitsubishi Chemical Holdings Corporation and Formosa Petrochemical Corporation are some of the emerging market participants in petrochemicals market.

Mitsubishi Chemical Holdings Corporation is an emerging player in the global petrochemicals market, emphasizing on innovation and sustainability. The company invests in R&D to create value-added products and reduce environmental impact. It also explores strategic collaborations to enhance its market position in a competitive market.

Formosa Petrochemical Corporation, an emerging player with a strong presence in Asia, focuses on expanding its petrochemical operations. Its strategy involves capacity expansions, technology upgrades, and a commitment to environmental responsibility. Further, it aims to meet increasing demand for petrochemical products in the region.

Key Petrochemicals Companies:

The following are the leading companies in the petrochemicals market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these petrochemicals companies are analyzed to map the supply network.

BASF SE

Chevron Corporation

China National Petroleum Corporation (CNPC)

China Petrochemical Corporation

ExxonMobil Corporation

INEOS Group Ltd.

LyondellBasell Industries Holdings B.V.

Royal Dutch Shell PLC

SABIC

Dow

Recent Developments

In November 2023, Dow announced invest of USD 8.9 billion for a net-zero petrochemical plant project in Alberta's Industrial Heartland, Canada. It is projected to produce around 3 million tons of low-emission ethylene and polyethylene derivatives. The construction of the project is set to start construction in 2024.

In July 2023, SABIC introduced its latest PCR-based NORYLTM portfolio to reduce carbon footprint by incorporating bio-based and recycled materials in petrochemical products, a step for making the chemical sector environment friendly.

In July 2023, ExxonMobil Corporation declared its agreement to acquire Denbury Inc. to expand its carbon capture and storage (CCS) solutions, and reduce carbon emissions for the petrochemical and energy industries.

In May 2023, Dow Corporate collaborated with New Energy Blue to produce bio-based ethylene from renewable residues of agriculture. Ethylene is a petrochemical-based raw material, and with its production Dow aims to initiate a sustainable approach to produce plastic.

In April 2023, INEOS Group Ltd. completed the acquisition of Mitsui Phenols Singapore Ltd. to enhance the production of petrochemical products including acetone, cumene, bisphenol A (BPA), phenol, and alpha-methylstyrene.

In March 2023, Chevron USA Inc. announced its collaboration with Bunge and Corteva Inc. to launch winter canola hybrids to produce plant-based oil with low carbon profile. This is an effective contribution to reduce carbon emissions in the energy and petrochemical sectors.

In February 2023, Royal Dutch Shell PLC completed its acquisition of Nature Energy Biogas A/S to create a RNG value chain to provide low carbon offerings to customers. The use of biogas will help Shell to produce renewable natural gas for the petrochemical manufacturing process.

In February 2023, China Petrochemical Corporation, also known as Sinopec, launched the largest green hydrogen-coal chemical project in Inner Mongolia to reduce carbon emissions in the petrochemical industry, and support green energy.

In November 2022, SABIC announced a joint project with Saudi Aramco to convert crude into petrochemicals in Ras Al-Khair, Saudi Arabia. The project is set to have a production capacity of producing 400,000 barrels of crude oil per day. The government initiative is being supported by development of a new port in the industrial city. This would help in efficient export of petrochemicals and help boost the economy as it is a leading petrochemicals producing country.

Order a free sample PDF of the Petrochemicals Market Intelligence Study, published by Grand View Research.

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Dicyclopentadiene (DCPD) Market Analysis: Opportunities and Challenges Through 2034

Dicyclopentadiene (DCPD) is a highly versatile chemical compound derived from the steam cracking of naphtha and gas oils. It is primarily used in the production of high-performance resins, including unsaturated polyester resins (UPR), hydrocarbon resins, and epoxy resins, which find applications across a wide range of industries such as automotive, construction, and electronics. DCPD is also used in specialty chemicals and pharmaceutical industries for its excellent adhesive, chemical resistance, and mechanical properties.

The global DCPD market is poised to experience substantial growth from 2024 to 2034, driven by its increasing application in the production of advanced polymers, adhesives, and chemical intermediates. Its strong performance in various applications positions it as a key material in industrial and consumer goods production.

The DCPD market is expected to grow steadily over the forecast period, driven by robust demand in industries such as automotive, construction, and packaging. With the global shift toward lightweight and high-performance materials, DCPD-based products are becoming more popular due to their mechanical and chemical stability. The growth is further supported by the rising need for energy-efficient construction materials and innovations in polymer science.

For More Details, Request for a Sample of this Research Report: https://www.transparencymarketresearch.com/dicyclopentadiene-market.html

The global Dicyclopentadiene (DCPD) market, valued at USD 810.7 million in 2023, is projected to grow at a CAGR of 5.6% from 2024 to 2034, reaching approximately USD 1.5 billion by the end of the forecast period.

Market Segmentation:

By Service Type:

Production

Distribution

Customization & Application Services

By Sourcing Type:

Direct from Refiners

Secondary Market Distributors

By Application:

Unsaturated Polyester Resins (UPR)

Hydrocarbon Resins

Adhesives & Sealants

Poly-DCPD

Pharmaceuticals

By Industry Vertical:

Automotive

Construction

Packaging

Electronics

Pharmaceuticals

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Regional Analysis: The Asia-Pacific region is anticipated to dominate the DCPD market, driven by rapid industrialization, urbanization, and a booming automotive sector in countries such as China, India, and Japan. North America and Europe are also expected to see steady demand, primarily due to growth in the construction and automotive industries, alongside advancements in polymer technology. In contrast, the Middle East and Africa are projected to experience moderate growth, bolstered by infrastructural development projects.

Market Drivers and Challenges:

Drivers:

Increased Demand in the Automotive Industry: DCPD-based resins are used in the production of lightweight and durable automotive components, helping manufacturers meet stringent emission regulations and fuel efficiency standards.

Growth in Construction and Packaging Sectors: The rising need for high-performance materials in construction and packaging is driving demand for DCPD in producing UPR and other resins.

Advancements in Polymer Technology: The development of new DCPD-based polymers with enhanced properties such as higher chemical resistance and durability is expected to fuel market growth.

Challenges:

Price Volatility of Raw Materials: Fluctuations in the prices of crude oil and natural gas, the primary sources for DCPD, could pose a challenge for manufacturers.

Environmental Concerns: The production and disposal of DCPD-based materials pose environmental risks, leading to regulatory challenges.

Market Trends:

Sustainability Initiatives: There is a growing trend toward developing eco-friendly alternatives to traditional DCPD resins, focusing on reducing their environmental impact.

R&D Investment in High-Performance Resins: Key market players are increasingly investing in research and development to create resins with superior properties, suitable for high-tech industries such as aerospace and electronics.

Emergence of Bio-based DCPD Resins: With the global shift toward greener materials, bio-based DCPD resins are gaining attention as a sustainable alternative in various applications.

Future Outlook: The future of the DCPD market looks promising, with expanding applications in industries such as automotive, construction, and pharmaceuticals. The focus on developing lightweight materials and eco-friendly alternatives will continue to drive innovation. Emerging economies in Asia-Pacific and Latin America are expected to be key growth regions, while the shift toward bio-based materials will open up new market opportunities.

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Key Market Study Points:

Evaluation of the growing demand for high-performance resins in automotive and construction applications.

Analysis of the impact of raw material price fluctuations on market stability.

Assessment of sustainability trends and the shift toward bio-based DCPD resins.

Regional analysis focusing on emerging markets and their growth potential.

Competitive Landscape: The DCPD market is highly competitive, with key players focusing on expanding their product portfolios and entering new markets. Major companies such as Braskem, Dow Chemical, and ExxonMobil are at the forefront, offering a wide range of DCPD products. Strategic partnerships, mergers, and acquisitions are common as companies seek to strengthen their market position. Additionally, investments in R&D to enhance product performance and reduce environmental impact are gaining traction.

Recent Developments:

Partnerships and Collaborations: Several market players are forming alliances with automotive and construction companies to develop customized DCPD solutions.

Technological Advancements: New technologies are being developed to enhance the polymerization processes for DCPD, improving product quality and reducing environmental footprints.

Sustainability Efforts: Leading companies are investing in sustainable production methods and are launching eco-friendly alternatives to traditional DCPD-based materials.

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Ethane Market: Current Analysis and Forecast (2023-2030)

Skyrocketing energy prices and a restricted supply of cheap natural gas and raw materials from Russia to Europe have benefitted the US with price advantages and increased the US ethylene export. Today, the US exports 15 percent of its annual ethane production, in volume terms is around 7.7 million tons, where elevated oil prices have increased the attractiveness of exploration of unconventional gas resources. Going forward, with the rich Natural Gas Liquids (NGL) deposits that the US possesses, the supply of ethane is further going to increase across the globe. Moreover, the export of other C2 value chain products from the US is also set to rise, products such as polyethylene, mono ethylene glycol (MEG), and ethylene dichloride (EDC)/ polyvinyl chloride (PVC) will have continued growth in exports because of the price differential of ethane, and naphtha feedstock as well as due to the energy setbacks in other regions like Europe.

According to the Universal Data Solutions analysis, the surge in the demand for ethylene-based packaging products and the associated surge in the demand for ethylene-based construction materials will drive the global scenario of ethane production and as per their “Global Ethane Market” report, the global market was valued at USD 13.38 billion in 2022, growing at a CAGR of 4% during the forecast period from 2023 - 2030 to reach USD XX billion by 2030. 

Middle Eastern Market Current Developments with Gas Discoveries and Green Hydrogen in the Ethylene Market: Since Naphtha is traded worldwide and is a liquid feedstock, producers in the Middle East do not enjoy a cost advantage when using Naphtha crackers. Subsequently, Ethylene production Middle Eastern region is mainly based on Ethane. The long-term competitiveness of the regional petrochemical industry depends largely on the degree of exploitation of the recently explored gas reserves, which are abundant in Natural Gas Liquids (NGLs). However, these new Ethane resources face competition with US Ethane, as some are in unconventional fields that demand scale and a learning curve over a period of years in order to reduce and bring the production cost to a competitive level. The Middle East is also exploring the possibility of conversion of liquids to chemicals on a large scale, thus enabling more locally produced crude to be directed towards chemicals and reducing the dependency on transportation fuels. The countries in the region are aware of the fact that technology and scale are the two key factors that can make liquid cracking competitive in the global arena.

Further, another factor that is compelling ethylene producers to push their boundaries in order to stay competitive in the global markets, especially in the European and North American markets, is the decarbonization of the industry. Given the edge, the Middle Eastern region has due to the access to low-cost solar energy, the Middle East is well positioned and has proactively started the decarbonization of the domestic chemicals market.

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However, the basic chemicals and plastic industry is facing a downturn due to high feedstock and energy prices, leading to contracting profit margins. The industry is also suffering because of its polluting nature and restrictions getting imposed globally, arising questions about the economic viability of naphtha-based ethylene production and further, will lead to systemic significant changes affecting the market.

Conclusion

Despite the hurdles, the future of ethane is undeniably bright. This is mainly due to the increasing use of ethylene for films & and sheets in the packaging industry. LDPE is used in the production of food and non-food packaging. Furthermore, films & and sheets have low toughness, stiffness, and strength, and high ductility. This plastic has a high density, sturdy construction, and long life. Hence, they are also used in the manufacturing of tubes, vessels, bubblers, dosing bottles, and molded laboratory equipment due to their property of being opaque. Hence, all these factors are contributing to the growth of the ethylene market which is automatically driving the demand for ethane higher, as ethane is primarily used in the steam cracker as a feedstock for ethylene synthesis.

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Naphtha Prices | Pricing | Price | News | Database | Chart | Forecast

Naphtha prices have become a focal point in global energy markets due to their pivotal role in the chemical and petrochemical industries. As a key raw material in the production of gasoline, plastics, and various chemicals, fluctuations in naphtha prices can have far-reaching effects on both the energy sector and consumer goods. Several factors contribute to the volatility of naphtha prices, including changes in crude oil prices, geopolitical tensions, and shifts in supply and demand dynamics. Crude oil, being the primary feedstock for naphtha, directly influences its pricing. When crude oil prices rise, naphtha prices typically follow suit due to increased production costs. Conversely, when crude oil prices fall, naphtha prices often decrease as well. This close relationship between crude oil and naphtha prices underscores the importance of monitoring oil market trends to predict changes in naphtha pricing.

Geopolitical tensions in major oil-producing regions can also impact naphtha prices. Political instability, conflicts, or sanctions affecting countries like the Middle East, which is a significant oil supplier, can disrupt crude oil supply chains and lead to increased naphtha prices. Such geopolitical risks create uncertainty in the markets, leading to price surges as traders react to potential supply disruptions. Additionally, shifts in supply and demand for naphtha further influence its pricing. Economic growth or downturns can alter the demand for products derived from naphtha, such as plastics and chemicals. During periods of economic expansion, demand for these products rises, driving up naphtha prices. In contrast, economic slowdowns can decrease demand, resulting in lower naphtha prices.

Seasonal factors and weather events also play a role in naphtha price fluctuations. For instance, during colder months, the demand for heating oil increases, which can drive up the demand for naphtha as a fuel source. Conversely, in warmer months, the demand for naphtha may decrease, leading to lower prices. Weather-related disruptions, such as hurricanes or natural disasters, can impact refineries and production facilities, affecting naphtha supply and, consequently, its price. Market speculation and trader behavior contribute to the volatility of naphtha prices as well. Traders in the commodities markets may react to perceived future changes in supply or demand, leading to price swings based on market sentiment rather than fundamental factors.

Get Real Time Prices for Naphtha : https://www.chemanalyst.com/Pricing-data/naphtha-43

Moreover, regulatory changes and environmental policies can affect naphtha prices. Governments worldwide are increasingly implementing stricter environmental regulations aimed at reducing carbon emissions and promoting cleaner energy sources. These regulations can impact the production and use of naphtha, influencing its price. For example, policies that mandate the use of biofuels or impose carbon taxes can affect the demand for naphtha and drive up prices as companies adjust to comply with new standards.

Technological advancements in production and extraction methods can also influence naphtha prices. Innovations that improve the efficiency of crude oil refining or enhance the recovery of naphtha from oil can affect its supply and pricing. Conversely, technological challenges or disruptions in refining processes can lead to higher naphtha prices if production is hindered. Additionally, changes in the global energy landscape, such as the rise of renewable energy sources and shifts towards electrification, can impact naphtha demand and prices. As the world transitions towards more sustainable energy solutions, the demand for fossil fuels, including naphtha, may decrease, influencing its price trajectory.

Understanding these various factors is crucial for stakeholders in the naphtha market, including producers, consumers, and traders. By staying informed about trends in crude oil prices, geopolitical developments, economic conditions, and regulatory changes, participants can better anticipate fluctuations in naphtha prices and make informed decisions. The interplay of these factors creates a complex and dynamic environment for naphtha pricing, reflecting the broader trends and challenges in the global energy market.

In summary, naphtha prices are subject to a range of influences, including the price of crude oil, geopolitical factors, supply and demand dynamics, seasonal variations, and regulatory changes. As a vital component in the production of gasoline and various chemicals, naphtha pricing is closely linked to global energy trends and market conditions. Understanding the myriad factors that affect naphtha prices is essential for navigating the complexities of the energy market and making strategic decisions.

Geopolitical tensions in major oil-producing regions can also impact naphtha prices. Political instability, conflicts, or sanctions affecting countries like the Middle East, which is a significant oil supplier, can disrupt crude oil supply chains and lead to increased naphtha prices. Such geopolitical risks create uncertainty in the markets, leading to price surges as traders react to potential supply disruptions. Additionally, shifts in supply and demand for naphtha further influence its pricing. Economic growth or downturns can alter the demand for products derived from naphtha, such as plastics and chemicals. During periods of economic expansion, demand for these products rises, driving up naphtha prices. In contrast, economic slowdowns can decrease demand, resulting in lower naphtha prices.

Seasonal factors and weather events also play a role in naphtha price fluctuations. For instance, during colder months, the demand for heating oil increases, which can drive up the demand for naphtha as a fuel source. Conversely, in warmer months, the demand for naphtha may decrease, leading to lower prices. Weather-related disruptions, such as hurricanes or natural disasters, can impact refineries and production facilities, affecting naphtha supply and, consequently, its price. Market speculation and trader behavior contribute to the volatility of naphtha prices as well. Traders in the commodities markets may react to perceived future changes in supply or demand, leading to price swings based on market sentiment rather than fundamental factors.

Moreover, regulatory changes and environmental policies can affect naphtha prices. Governments worldwide are increasingly implementing stricter environmental regulations aimed at reducing carbon emissions and promoting cleaner energy sources. These regulations can impact the production and use of naphtha, influencing its price. For example, policies that mandate the use of biofuels or impose carbon taxes can affect the demand for naphtha and drive up prices as companies adjust to comply with new standards.

Technological advancements in production and extraction methods can also influence naphtha prices. Innovations that improve the efficiency of crude oil refining or enhance the recovery of naphtha from oil can affect its supply and pricing. Conversely, technological challenges or disruptions in refining processes can lead to higher naphtha prices if production is hindered. Additionally, changes in the global energy landscape, such as the rise of renewable energy sources and shifts towards electrification, can impact naphtha demand and prices. As the world transitions towards more sustainable energy solutions, the demand for fossil fuels, including naphtha, may decrease, influencing its price trajectory.

Understanding these various factors is crucial for stakeholders in the naphtha market, including producers, consumers, and traders. By staying informed about trends in crude oil prices, geopolitical developments, economic conditions, and regulatory changes, participants can better anticipate fluctuations in naphtha prices and make informed decisions. The interplay of these factors creates a complex and dynamic environment for naphtha pricing, reflecting the broader trends and challenges in the global energy market.

In summary, naphtha prices are subject to a range of influences, including the price of crude oil, geopolitical factors, supply and demand dynamics, seasonal variations, and regulatory changes. As a vital component in the production of gasoline and various chemicals, naphtha pricing is closely linked to global energy trends and market conditions. Understanding the myriad factors that affect naphtha prices is essential for navigating the complexities of the energy market and making strategic decisions.

Get Real Time Prices for Naphtha : https://www.chemanalyst.com/Pricing-data/naphtha-43

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重質芳香族ナフサ溶剤 (Heavy Aromatic Naphtha Solvents)市場概要: 現在の価格、トレンド分析、および将来の予測

重芳香族ナフサ（Heavy Aromatic Naphtha Solvents)溶剤は、コーティング、接着剤、ゴム加工、合成樹脂の製造など、さまざまな工業用途で重要な役割を果たしています。こ��らの溶剤の価格は、化学業界の関係者が市場を効果��にナビゲートするために考慮しなければならない無数の要因の影響を受けます。

重芳香族ナフサ溶剤の価格に影響を与える主な要因は、原油のコストと入手可能性です。HAN溶剤は原油の蒸留から得られ、その価格は原油価格の変動と密接に関連しています。世界の石油需給の変化、地政学的緊張、主要石油生産国の生産レベル、石油生産に影響を与える自然災害はすべて、原油価格の変動につながる可能性があり、それがHAN溶剤の価格に影響を与えます。たとえば、原油価格の上昇は通常、HAN溶剤の生産コストの上昇につながり、価格を押し上げます。

精製および生産コストもHAN溶剤の価格を決定する上で重要な役割を果たします。精製プロセスの複雑さと効率、高度な技術の利用可能性、製油所の運用コストは、生産コストに影響を与える可能性があります。効率が高く最新の技術を備えた製油所は、HAN 溶剤をより低コストで生産できるため、より競争力のある価格を提供できる可能性があります。逆に、運用上の課題や投入コストの上昇に直面している製油所は、これらの費用を消費者に転嫁し、HAN 溶剤の価格が上昇する可能性があります。

市場の需要と供給のダイナミクスは、重芳香族ナフサ溶剤の価格形成に不可欠です。HAN 溶剤の需要は、塗料、コーティング、接着剤、ゴム製品の製造など、さまざまな産業用途での使用によって推進されています。産業活動が活発な時期、建設プロジェクトの増加、自動車や消費財の需要の増加により、HAN 溶剤の需要が高まり、価格が上昇する可能性があります。逆に、経済の減速、工業生産の減少、または特定のセクターの不況により、需要が抑制され、価格に下押し圧力がかかる可能性があります。

季節変動や周期的な傾向も、HAN 溶剤の価格に影響を与える可能性があります。たとえば、コーティングや塗料の需要は、建設や改修プロジェクトが盛んな暖かい時期に増加することがよくあります。この季節的な需要の急増により、特定の時期に価格が上昇する可能性があります。さらに、自動車や建設部門など、HAN 溶剤に依存する業界の周期的な傾向が、より長い期間にわたって価格パターンに影響を与える可能性があります。

環境規制と持続可能性イニシアチブは、重芳香族ナフサ溶剤の生産と価格設定にますます影響を与えています。排出物と特定の化学物質の使用に関する環境規制が厳しくなると、精製所はよりクリーンな技術とコンプライアンス対策に投資する必要があるため、生産コストが上昇する可能性があります。これらのコスト増加は、HAN 溶剤の価格上昇に反映される可能性があります。一方、より環境に優しい代替品の使用とバイオベースの溶剤の開発を促進する持続可能性イニシアチブは、従来の HAN 溶剤の需要に影響を与え、市場価格に影響を与える可能性があります。

リアルタイ��で 重芳香族ナフサ（Heavy Aromatic Naphtha Solvents)価格: https://www.analystjapan.com/Pricing-data/heavy-aromatic-naphtha-solvent-126

輸送と物流コストは、HAN 溶剤の全体的な価格設定に大きく影響します。原油を製油所に輸送するコストや、完成した溶剤を最終ユーザーに配送するコストは、燃料価格、輸送インフラ、地政学的安定性などの要因によって変動します。たとえば、燃料価格の変動は、HAN 溶剤の輸送コストに直接影響し、市場価格に影響を及ぼします。さらに、サプライ チェーンの混乱や輸送のボトルネックなどの物流上の課題により、供給不足や価格変動が生じる可能性があります。

生産プロセスにおける技術の進歩と革新は、重芳香族ナフサ溶剤の価格に影響を与える可能性があります。精製技術の改善、プロセスの最適化、より効率的な生産方法の開発により、生産コストを削減し、HAN 溶剤の品質を向上させることができます。高度な技術を採用している製油所は規模の経済性を実現し、より競争力のある価格を提供できる可能性がありますが、技術の採用が遅れている製油所は生産コストが高くなり、その結果、製品の価格が上昇する可能性があります。

HAN 溶剤の価格形成には、世界貿易政策と国際関係が重要な役割を果たします。貿易協定、関税、輸出入規制は、国境を越えた原材料や完成品の流れに影響を与える可能性があります。たとえば、輸入原油や HAN 溶剤に対する関税は、生産コストを上昇させ、市場価格に影響を与える可能性があります。同様に、貿易紛争や主要石油生産国に対する制裁は、サプライ チェーンを混乱させ、HAN 溶剤の市場で価格変動を引き起こす可能性があります。

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Dangote refinery to gulp N1.7tn crude monthly – Report

The Dangote Petroleum Refinery is going to need about N1.7tn worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited to sell crude to the plant and other domestic refineries in naira. On Monday, Tinubu directed NNPC to sell crude to the Dangote refinery and other upcoming refineries in naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, had made this known in a post via his official X handle. Onanuga said the Federal Executive Council adopted the move on Monday to ensure the stability of the pump price of refined fuel and the dollar-naira exchange rate. An analysis of figures from various industry reports showed that the $20bn Dangote refinery located in Lekki, Lagos, would gulp about N1.7tn of crude oil monthly should NNPC meet the mandate of the President. The average cost of crude in 2024 is about $83/barrel, based on data from Statistica, a global statistical firm. The President, Dangote Industries, Alhaji Aliko Dangote, recently stated that his refinery would hit 500,000 barrels per day capacity in August, and 550,000bpd in December 2024. this year the refinery targets to refine 500,000bpd of crude oil, before proceeding to hit the 550,000bpd mark in December. Going by 500,000bpd refining capacity and the $83/barrel average price of Brent, the global benchmark for crude, it implies that the plant would require about $41.5m worth of crude oil daily, which represents N56.55bn, using the average exchange rate of N1,362.6/$ in 2024. This, therefore, implies that the refinery would gulp about N1.7tn worth of crude oil monthly based on the recent directive of the President mandating NNPC to supply crude to Dangote and other domestic refineries in naira. Operators speakThe National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, said though Nigeria has been battling to ramp up crude oil production, NNPC should endeavour to meet the President’s order.“ It is an order by the President that crude be sold to domestic refineries in naira, and that includes the Dangote refinery. We know that the refinery is massive and requires over 500,000 barrels of crude oil daily, so NNPC and its partners should work harder to meet this demand. “We just have to try. The government has been talking about ramping up crude oil production. This is the time to deliver on that. The President has given an order and it is up to NNPC and the ministry to meet that order,” he stated. Protest not solution to Nigeria’s problems, says ex-Zamfara gov, Yari Ghost workers: FG extends civil servants’ verificationOn his part, the Publicity Secretary of the Crude Oil Refiners Association of Nigeria, Eche Idoko, said the supply of crude to local refineries in naira would bring down the cost of petrol and strengthen the naira against the dollar.“ The sheer fact that the crude will be sold in naira will give the naira a lot of leverage against the dollar, and by implication, the naira will appreciate against the dollar. Automatically when there are fewer naira chasing the dollar, it will affect the price. “It means the cost of refining will drop and this will affect the pump price. We will see a rebound in the pricing of fuel once the President’s order is implemented,” he stated. During a tour of the refinery with journalists recently, Dangote said the refinery was fully online, with over $26bn being expected annually. “Successful completion of trial run in January 2024. Refined and intermediate products include polypropylene, naphtha, RCO, gasoline, diesel, and jet fuel. Steady state production phase commenced in March 2024.“ Ramping up production to reach 500kbpd (15 crude cargoes a month) by next August, 550kbpd by the end of the year, and 650kbpd by the first quarter of 2025. Gasoline production is to commence in July with sales from August. Annual revenue is projected to exceed $26bn,” Dangote stated. He added that the refinery has dedicated loading gantries with 86 loading bays; dedicated marine facilities for offtake of crude and loading of petroleum products; 900-kilo tonnes per annum polypropylene plant, 36ktpa sulphur, and 585ktpa carbon black production. The total storage capacity of the refinery is put at 4.5 billion litres, which can cover 20 days of crude requirement product storage for 15 days of Nigeria’s petrol consumption. He averred that the refinery would produce 53 million litres of petrol per day and 1.1 million tonnes per day. “The Dangote refinery can meet Nigeria’s requirements and have a surplus for exports,” he stated. On Tuesday, NNPC announced its goal to increase crude oil production to two million barrels per day by the end of the year, as it strives to meet domestic crude oil demand as well as export. The country’s daily production rose from 1.27 million barrels in June to 1.6 million in July, according to the Nigerian Upstream Petroleum Regulatory Commission. Speaking during a meeting with Maritime Stakeholders at the Nigerian Navy Headquarters, the Group Managing Director of NNPC, Mele Kyari, expressed optimism that the target would be met, emphasising that NNPC was fully committed to achieving it. Read the full article

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Introduction to Aviation Jet Fuel Suppliers

Aviation jet fuel suppliers are vital to the aviation industry, providing the essential fuel that powers aircraft around the globe. The quality and reliability of jet fuel are crucial for safe and efficient flight operations. This article explores the various aspects of aviation jet fuel supply, including types of fuel, production processes, and how to choose a reliable supplier.

Types of Aviation Jet Fuel

Jet A and Jet A-1

Jet A and Jet A-1 are the most common types of jet fuel used in commercial aviation. Jet A is primarily used in the United States, while Jet A-1 is used internationally. Both types are kerosene-based, with Jet A-1 having a lower freezing point, making it suitable for international flights.

Jet B and TS-1

Jet B is a naphtha-kerosene blend used in extremely cold climates due to its low freezing point. TS-1 is similar to Jet A-1 but is used mainly in Russia and the Commonwealth of Independent States (CIS).

Sustainable Aviation Fuel (SAF)

Sustainable Aviation Fuel (SAF) is an emerging alternative to traditional jet fuel. Produced from renewable sources, SAF offers a significant reduction in carbon emissions, making it a critical component in the industry's efforts to achieve sustainability goals.

Key Processes in Jet Fuel Production

Refining Crude Oil

The production of jet fuel begins with refining crude oil. This involves distillation, where crude oil is heated and separated into various fractions, with jet fuel being one of the middle distillates.

Quality Control Measures

Quality control is paramount in jet fuel production. Rigorous testing ensures that the fuel meets stringent specifications for properties such as flash point, freezing point, and energy content.

Blending for Performance

Blending is used to achieve the desired performance characteristics of jet fuel. Additives may be included to enhance properties like thermal stability and lubricity.

Choosing an Aviation Jet Fuel Supplier

Key Factors to Consider

When selecting a jet fuel supplier, consider:

Reliability: Can the supplier guarantee a steady supply of high-quality fuel?

Quality: Does the fuel meet or exceed industry standards?

Pricing: Are the prices competitive and transparent?

Service: What kind of support and additional services does the supplier offer?

Evaluating Supplier Reliability

To evaluate a supplier's reliability, review their history of performance, customer feedback, and logistical capabilities. Assess their ability to manage supply chain disruptions and maintain consistent delivery schedules.

Benefits of Reliable Jet Fuel Suppliers

Consistent Supply

A reliable jet fuel supplier ensures a consistent supply, which is crucial for uninterrupted flight operations and schedule adherence.

Quality Assurance

High-quality jet fuel is essential for optimal engine performance and safety. Reliable suppliers adhere to stringent quality standards, providing fuel that meets all necessary specifications.

Cost Efficiency

A dependable supplier offers cost efficiencies through competitive pricing, bulk purchasing options, and strategic partnerships that can reduce overall fuel expenses.

Challenges in the Jet Fuel Supply Chain

Market Volatility

Jet fuel prices are subject to significant volatility due to fluctuations in crude oil prices, geopolitical events, and changes in global demand.

Regulatory Compliance

Compliance with international, national, and local regulations is complex and costly. Suppliers must navigate environmental laws, safety standards, and trade regulations.

Environmental Concerns

The environmental impact of jet fuel production and consumption is a major concern. Suppliers must invest in sustainable practices and technologies to mitigate their environmental footprint.

Quality Standards in Jet Fuel

Industry Benchmarks

Industry benchmarks for jet fuel include specifications for purity, performance, and safety. Adhering to these standards ensures reliable and safe flight operations.

Importance of High-Quality Fuel

High-quality jet fuel is vital for engine efficiency, reducing maintenance costs, and ensuring safety. Quality issues can lead to operational inefficiencies, increased costs, and safety risks.

Environmental Impact of Jet Fuel

Emissions and Pollution

Jet fuel combustion contributes to air pollution and greenhouse gas emissions. Efforts are being made to develop cleaner fuels and improve fuel efficiency to reduce environmental impact.

Sustainable Practices

Sustainable practices in the jet fuel industry include the development and use of SAF, which significantly reduces carbon emissions and reliance on fossil fuels.

Innovations in Jet Fuel Production

Technological Advances

Technological advances such as process optimization, automation, and the use of advanced materials are transforming jet fuel production, improving efficiency and reducing environmental impact.

Sustainable Aviation Fuel (SAF)

SAF is a game-changer in the aviation industry, offering a sustainable alternative to conventional jet fuel. Produced from renewable sources, SAF can reduce lifecycle carbon emissions by up to 80%.

Cost Considerations

Pricing Structures

Jet fuel pricing structures can include fixed pricing, floating rates tied to market indices, and long-term contracts. Understanding these structures helps airlines manage fuel costs effectively.

Factors Influencing Jet Fuel Prices

Several factors influence jet fuel prices, including crude oil costs, global demand, geopolitical events, and refining capacity. Staying informed about these factors is crucial for effective financial planning.

Logistics and Distribution

Supply Chain Management

Effective supply chain management ensures that jet fuel is delivered on time and in the right quantities. This involves coordinating transportation, storage, and distribution networks.

Delivery Mechanisms

Jet fuel is transported via pipelines, tankers, rail, and trucks. The choice of delivery mechanism depends on factors like distance, volume, and infrastructure availability.

Safety and Compliance

Safety Protocols

Safety in jet fuel operations is paramount. This includes adhering to protocols for production, transportation, storage, and handling to prevent accidents and ensure fuel integrity.

Regulatory Requirements

Compliance with regulatory requirements is mandatory. Jet fuel suppliers must stay updated on international, national, and local regulations related to environmental protection, safety standards, and trade practices.

Customer Support and Service

Importance of Excellent Customer Service

Excellent customer service is a key differentiator for jet fuel suppliers. Providing prompt, efficient, and knowledgeable support can enhance customer satisfaction and loyalty.

Support Options Available

Top suppliers offer various support options, including 24/7 customer service, technical assistance, and customized supply solutions. These services help customers optimize their operations and manage their fuel supply effectively.

Future Trends in the Jet Fuel Industry

Emerging Technologies

Emerging technologies such as digitalization, automation, and blockchain for supply chain transparency are set to revolutionize the jet fuel industry, improving efficiency and reducing costs.

Market Projections

Market projections indicate that the jet fuel industry will continue to evolve, driven by demand for cleaner fuels and advancements in production technologies. Adapting to this evolving landscape will be key for suppliers.

How to Switch Jet Fuel Suppliers

Step-by-Step Guide

Switching suppliers involves several steps:

Assess Current Supplier: Evaluate the performance and cost-effectiveness of your current supplier.

Research Alternatives: Look for suppliers that meet your needs and have strong reputations.

Request Quotes: Obtain detailed quotes from potential suppliers.

Check References: Speak with other customers to gauge their satisfaction.

Negotiate Terms: Discuss pricing, delivery schedules, and support services.

Finalize Agreement: Ensure all terms are clearly documented in the contract.

Key Considerations

Considerations when switching suppliers include ensuring a smooth transition, minimizing disruptions, and maintaining or improving supply quality and service levels.

Conclusion

Choosing the right aviation jet fuel supplier is crucial for the success of any airline or aviation operation. By considering factors such as reliability, quality, pricing, and customer service, businesses can ensure a steady and efficient supply. As the industry evolves, innovations and emerging trends will continue to shape the future of jet fuel production, offering new opportunities and challenges.

[indianpetrochem6]

IDPE Prices In India

Indian Petrochem sources have announced significant shifts in the pricing dynamics of IDPE in the Delhi market as of May 14, 2024. IDPE, a vital solvent often converted into toluene within naphtha reformers, is experiencing price fluctuations due to factors like raw material costs and market demand.The stability of IDPE, derived from the hydrogenation of benzaldehyde, plays a pivotal role in its pricing trends, acting as a buffer against fluctuations in raw material expenses. Despite challenges related to domestic reliance, the IDPE market exhibits growth potential, driven by increasing demand across industries and its indispensable role in various applications.Recent market reports indicate a slight dip in IDPE prices in the Delhi market. While this decline may reflect short-term fluctuations, industry experts remain optimistic about the future stability of IDPE prices. Stakeholders closely monitor factors such as raw material costs, global market trends, and potential disruptions in the supply chain, IDPE Prices In India, Indian Prices IDPE, Indian Petro Chem.

[ultrajaphunter]

Drone attacks on RuZZian oil and Gas infrastructure - #PlanB ,

after western interventions on curtailing RuZZia’s daily revenue to fund the illegal and murderous war.

Context: Targeting the interruption of this revenue by the EU and G7 countries have until now - acted through implementation of sanctions and the oil price cap on seaborne russian oil.

The price cap has become ineffective, as RuZZia has moved from a 90% reliance on EU owned and insured oil tankers -

to an opaque and nefarious shadow fleet of tankers to shift it’s oil -

and is realizing a sale value well above the price cap -

which means more money to fund the war in Ukraine.

In the absence of the United Nations intervening in the growth of the shadow fleet of dangerous, aged and uninsured vessels shifting RuZZian oil,

and in the absence of the enforcement of the price cap.

This is through the EU and G7’s failure to implement secondary sanctions on shadow companies and shippers, who easily manipulate the cost of cargo born by the vessels using miscellaneous transport costs by the shadow carriers and intermediaries and oil traders.

Traders have a new lawless hotspot - based in Dubai.

The United Nations under the incompetent leadership of Antonia Guterres (currently playing the Palestine card while the World edges towards all out war),

Ukraine has implemented plan B -

a new tactic to circumvent RuZZia’s oil and gas supplies and revenue -

by using targeted #drone strikes on critical infrastructure.

Recent Drone Strikes:

RuZZia energy infrastructure has been hit by 7 drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East.

* on Jan. 18

that Ukraine had tried and failed to target a RuZZian Baltic Sea oil terminal with a drone.

Ukraine said it had hit targets in St Petersburg with domestic-made drone. Mikhail Skigin, a co-owner of the St #Petersburg Oil Terminal, told RBC media that the air defence had thwarted a "monstrous catastrophe", opens new tab, which could lead to human losses and ecological damage to the Baltic Sea.

* on Jan. 19

Four oil tanks at a large storage facility in the town of Klintsy in RuZZia's western Bryansk region caught fire after the military brought down a Ukrainian strike drone, the regional governor said.

* on Jan 19

A fire tore through Ryazan oil refinery, RuZZia's third-largest,,

* on Jan. 21

RuZZian energy giant #Novatek, was forced to suspend some operations at the huge Baltic Sea fuel export terminal at Ust-luga as well as "technological processes" at a nearby fuel-producing complex due to a fire, started by what Ukrainian media said was a drone attack. RuZZia will likely cut exports of naphtha by some 127,500-136,000 barrels per day, or around a third of its total exports, after fires disrupted operations at refineries according to traders and LSEG ship-tracking data.

* on Jan. 26

Rosneft's Tuapse oil refinery 250km inside RuZZia from the frontline - halted oil processing and output following a fire.

* on Jan. 27

#Lukoil halted a unit at NORSI, RuZZia's fourth largest refinery, located near the city of Nizhny #Novgorod, some 430 km (270 miles) east of Moscow, after an "incident".

RuZZian Deputy Prime Minister Alexander Novak said that repair work would take at least a month or a month and a half.

* Jan. 29

RuZZian air defences thwarted a drone attack on the Slavneft #YANOS oil refinery in the city of Yaroslavl, northeast of Moscow, regional governor Mikhail Yevrayev said.

* on Saturday, Feb. 3

Two Ukrainian attack drones struck the largest 300,000 bpd oil refinery owned by LUKOIL in the country's south, in Volgograd, the latest in a series of long-range attacks on RuZZian oil facilities which has reduced RuZZia's exports of naphtha, a petrochemical feedstock.

[tamanna31]

Lubricants Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Lubricants Industry Overview

The global lubricants market size was estimated at USD 139.44 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2030.

This is attributed to the growing demand for automotive oils and greases due to the growing trade of vehicles and spare parts. Lubricants are an essential part of rapidly expanding industries. They are used between two relatively moving machinery parts to reduce friction and wear & tear. They can be either petroleum-based or water-based and are essential for proper machinery functioning. Lubricants also decrease operational downtime and eventually increase overall productivity. Lubricants are extensively used in processing industries and automobile parts, especially brakes and engines, which need lubrication for continuous smooth functioning.

Gather more insights about the market drivers, restrains and growth of the Lubricants Market

The increasing imports and exports of piston engine lubricants are contributing to market growth. The product demand is driven by the rising focus of consumers on enhancing vehicle performance coupled with the introduction of innovative & premium product offerings. Future growth will be highly dependent on motor vehicle production and the miles covered by each vehicle. Furthermore, consumers are looking for standard and specialized lubricants for their regular vehicles to ensure the smooth functioning of their vehicles and reduce long-term maintenance costs.

Lubricant manufacturing requires crude oil, tight oil, and other additives to formulate all lubricant types. There are multiple additives incorporated in lubricants to enhance their functionality and properties. These include antioxidants, extreme pressure additives, rust- & corrosion-prevention additives, detergents, viscosity index improvers, anti-wear agents, and dispersants. Lubricants are 90% base oil and 10% additives, wherein base oils include petrochemical fractions, such as fluorocarbons, esters, polyolefin, and silicones. Base oils increase the viscosity of the lubricants and reduce wear & tear. Paraffinic and naphthenic are the two essential base oils used in lubricant formulations.

Browse through Grand View Research's Petrochemicals Industry Research Reports.

• The global naphtha market size was valued at USD 189.5 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030.

• The global diesel exhaust fluid market size was valued at USD 36.66 billion in 2023 and is projected to grow at a CAGR of 7.9% from 2024 to 2030.

Key Lubricants Company Insights

The global lubricants market is competitive with a large number of well diversified regional, and independent small scale and large scale manufacturers and suppliers. The small-scale companies majorly compete on the basis of price, after sales service and delivery timelines. Whereas the large scale companies focus on product development and innovations as well as marketing strategies.

Some of the key players operating in the market include Exxon Mobil Corp, Shell, and TotalEnergies

ExxonMobil Corp. is a global manufacturer & supplier of synthetic lubricants. The company mainly deals in three business segments that include upstream (oil & gas, E&P, shipping and wholesale operations), downstream (refining, marketing and retail operations) and chemicals. ExxonMobil owns 37 oil refineries in 21 countries with refining capacity of 6.3 million barrels per day.

Shell is a global leader as a group of petrochemical and energy companies, with presence across 70 countries and over 90,000 employees. The group provides fuels, car services, oils, and is also engaged in production, exploration, and refining of petroleum products. The group offers lubricants for industrial and transport businesses along with lubrication process and services.

Total Energies. is oil & gas integrated company. The company has its business segments in upstream, refining & specialty chemicals, and marketing & services. Total Oil India Private Ltd. is an entirely owned subsidiary of TOTAL. It has exploration and production activities in more than 50 countries. The company has a broad catalogue of lubricants for various markets such as agriculture, vehicles, aviation, energy, and chemicals, among others.

Key Lubricants Companies:

The following are the leading companies in the lubricants market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these lubricants companies are analyzed to map the supply network.

ExxonMobil Corp.

Royal Dutch Shell Co.

BP PLC.

Total Energies

Chevron Corp.

Fuchs

Castrol India Ltd.

Amsoil Inc.

JX Nippon Oil & Gas Exploration Corp.

Philips 66 Company

Valvoline LLC

PetroChina Company Ltd.

China Petrochemical Corp.

Idemitsu Kosan Co. Ltd.

Lukoil

Petrobras

Petronas Lubricant International

Quaker Chemical Corp.

PetroFer Chemie

Buhmwoo Chemical Co. Ltd.

Zeller Gmelin Gmbh & Co. KG

Blaser Swisslube Inc

Recent Developments

In January 2024, Shell U.K. Limited acquired MIDEL and MIVOLT from M&I Materials Ltd. The products of the latter two will be produced and distributed as part of Shell’s Lubricants portfolio. The acquisition will help Shell to strengthen its position in Transformer Oils, which finds use in offshore wind parks, utility companies, and power distribution.

From September 2023, TotalEnergies Lubrifiants accelerated the inclusion of recycled plastics (50% PCR high-density polyethylene) in its lubricants bottles, following a pilot project launched in 2021 called Quartz Xtra bottles. This aims at contributing to a circular economy and in decline of usage of virgin plastic.

In March 2023, ExxonMobil announced investing around INR 900 crore (~USD 110 million) for constructing a lubricants production plant in Raigad, Maharashtra, India. Upon completion, plant’s annual production capacity is expected to be 159,000 kl of finished lubricants. This plant will cater to growing demand from industries such as mining, construction, power, steel, and manufacturing, among others.

Order a free sample PDF of the Lubricants Market Intelligence Study, published by Grand View Research.