#Naphtha Price

[chemanalystdata]

Naphtha Prices, News, Trend, Graph, Chart, Forecast and Historical

Naphtha is a vital raw material in the global energy and petrochemical industries, playing a crucial role in the production of fuels, chemicals, and plastics. The pricing of naphtha is closely tied to the dynamics of crude oil, as it is derived from the refining process of crude oil. As such, naphtha prices are influenced by a variety of factors, including global oil prices, supply and demand imbalances, geopolitical events, and seasonal fluctuations. Over recent years, naphtha prices have experienced significant volatility, largely driven by the unpredictable nature of the oil markets. With the world’s increasing demand for petrochemicals and the rise in global transportation needs, understanding naphtha price trends and the forces that impact them is essential for businesses in industries that rely on naphtha as a feedstock.

The price of naphtha is primarily determined by the supply and demand fundamentals in the market, which are themselves affected by changes in crude oil prices. As naphtha is produced during the refining of crude oil, any shifts in the price of crude oil can have a direct impact on naphtha pricing. Crude oil price fluctuations are driven by various factors, including OPEC production cuts, global economic growth, geopolitical tensions, and the shifting balance between supply and demand in oil-producing regions. When crude oil prices rise, naphtha prices often follow suit, as it becomes more expensive to produce this important petrochemical feedstock. Conversely, when crude oil prices decline, naphtha prices tend to ease, although this correlation can sometimes be tempered by other market factors.

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

Seasonal factors also play a significant role in shaping naphtha prices. The demand for naphtha often increases during certain periods of the year, particularly in the summer months when gasoline demand rises. This seasonal uptick in demand for transportation fuels can lead to higher prices for naphtha as it is used in gasoline blending. Additionally, naphtha is a key feedstock in the production of petrochemicals, and the demand for these chemicals often follows seasonal trends. For example, the production of ethylene, a crucial petrochemical derived from naphtha, is typically higher during periods of strong economic activity, driving up demand for naphtha. The timing and scale of these seasonal demand shifts can contribute to notable price fluctuations in the naphtha market.

Geopolitical events and natural disasters can also have a significant impact on naphtha pricing. Political instability in key oil-producing regions, such as the Middle East, can disrupt the supply of crude oil, leading to volatility in both oil and naphtha markets. In addition, natural disasters such as hurricanes or other extreme weather events can disrupt refining operations and the supply of naphtha, pushing prices higher. For example, hurricanes that affect the Gulf of Mexico, a major hub for oil and gas production and refining, can lead to temporary shortages in naphtha supply, which in turn drives up prices.

The global shift towards cleaner energy sources and environmental regulations also has an indirect impact on naphtha prices. As more countries adopt policies aimed at reducing carbon emissions, demand for petroleum products like gasoline may decline, which could dampen demand for naphtha. However, naphtha remains an important feedstock for the petrochemical industry, and its role in the production of essential chemicals is unlikely to diminish in the near future. The rising demand for petrochemical products, such as plastics and synthetic fibers, is expected to continue to support the demand for naphtha, particularly in emerging markets where industrialization is driving consumption. Moreover, naphtha is increasingly used in the production of hydrogen, which is gaining traction as a cleaner fuel alternative, further influencing its price dynamics.

The naphtha market is also impacted by the global refining capacity and the shifting balance between gasoline and diesel production. Refiners must adjust their production processes based on the prevailing demand for different fuel types, which can affect the availability of naphtha. When refiners shift their focus toward gasoline production due to higher demand, the supply of naphtha may be reduced, putting upward pressure on prices. Conversely, if refiners prioritize the production of diesel, naphtha supply may increase, leading to price declines.

The supply chain for naphtha is global, with major producers located in regions such as the Middle East, Asia-Pacific, and Europe. The transportation of naphtha is typically done via pipelines, tankers, and rail, and disruptions in these logistics networks can impact supply and contribute to price fluctuations. For instance, the ongoing development of new refining capacity in Asia, coupled with changing transportation routes, has altered the traditional flow of naphtha, which can sometimes result in regional price disparities. Furthermore, the growing trend of integrating downstream petrochemical production with refining operations in key global hubs is shaping the overall naphtha market structure and influencing its price trends.

Looking ahead, the naphtha market is likely to continue experiencing fluctuations due to a combination of economic, geopolitical, and environmental factors. As the demand for petrochemical products rises in developing economies, particularly in Asia, naphtha is expected to remain a key feedstock in the production of these goods. However, challenges related to the energy transition, the shift toward renewable energy, and tightening environmental regulations could introduce additional complexity to naphtha pricing in the coming years. With naphtha's dual role in both the fuel and petrochemical industries, its price will continue to be shaped by a wide array of influences, making it essential for market participants to closely monitor developments in both the crude oil and petrochemical sectors.

In conclusion, the pricing of naphtha is influenced by a complex interplay of factors, including crude oil prices, seasonal demand shifts, geopolitical events, refining capacity, and global economic conditions. As naphtha continues to be a vital feedstock for the production of fuels and petrochemicals, businesses involved in these industries must remain vigilant in tracking market trends to navigate the inherent volatility in naphtha prices. Understanding these dynamics is crucial for making informed decisions and managing risk in an ever-evolving global market.

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

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[wumblr]

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

[mariacallous]

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.

[namansharma0950]

重芳香族ナフサ溶剤 (Heavy Aromatic Naphtha Solvent) 価格の最新動向、市場指数、予測

重芳香族ナフサ (Heavy Aromatic Naphtha Solvent) は、化学、石油化学、製造業界で広く使用されている重要な溶剤です。塗料、コーティング、接着剤、ゴム加工に使用されています。この多用途の溶剤に依存する企業にとって、価格動向と市場動向を理解することは不可欠です。

重質芳香族ナフサ価格に影響を与える主な要因

原油価格の変動

重質芳香族ナフサは原油の派生物です。世界の原油価格の変動は、その生産コストと市場価格に直接影響します。

産業需要

自動車、建設、コーティング業界の活動の増加により、HAN 溶剤の需要が高まります。

サプライチェーンの混乱

地政学���緊張、貿易制限、輸送遅延により市場の変動が起こり、価格に影響を及ぼす可能性があります。

環境規制

厳しい環境基準により、製造業者はより環境に優しい代替品へと向かうよう促され、生産および価格戦略に影響を及ぼす可能性があります。

地域市場の洞察

アジア太平洋

この地域は、工業部門が堅調で製造業における化学薬品の需要があるため、市場をリードしています。中国とインドが主な貢献者です。

北米

自動車および石油化学部門からの安定した需要が市場を支えています。

ヨーロッパ

環境規制と持続可能性の推進は、この地域の市場動向に影響を与えます。

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

最近の価格動向

不安定な原油価格

世界的なエネルギーコストの上昇は、HAN溶剤価格の上昇傾向に寄与しています。

パンデミック後の需要回復

製造活動が再開されたため、重質芳香族ナフサ溶剤の需要が大幅に増加しました。

地政学的要因

主要な石油生産地域における継続的な緊張により、サプライチェーンの不確実性が引き続き生じています。

重質芳香族ナフサ価格の将来見通し

グリーンな代替品

バイオベースの溶剤の採用は、長期的には HAN の需要と価格に影響を与える可能性があります。

技術の進歩

ナフサ生産の効率改善を目的とした技術革新は、価格の安定に役立つ可能性がある。

持続可能な産業慣行

業界がより環境に配慮したプロセスへと移行するにつれ、従来の溶剤の需要は課題に直面する可能性があります。

結論

重質芳香族ナフサ溶剤の価格は、原油動向、産業需要、環境規制によって変動します。企業がこの複雑な市場を効果的にナビゲートし、調達戦略を効率的に計画するには、市場動向を常に把握しておくことが不可欠です。

アナリストジャパン

電話  +1 (332) 258-6602 〒215-0004 川崎市麻生区万福寺1-2-3

ウェブサイト：  https: //www.analystjapan.com

メールアドレス:  sales@analystjapan.com 

[nocknocknock]

Postponed Launch of Wanhua Chemical Group’s New Cracking Unit: Analysis and Outlook

Chinese giant Wanhua Chemical Group, one of the largest chemical producers globally, has once again postponed the launch of its new cracking unit in Yantai. The plant is now expected to begin operations no earlier than late March to early April of this year. This development has drawn considerable attention within the chemical and energy industries, as the facility’s enhanced production capacity is anticipated to significantly impact global markets for ethylene and propylene.

Timeline of Delayed Launches

The initial launch of the new cracking unit was slated for the fourth quarter of 2024. However, the timeline was later pushed back to January of this year, attributed to delays in equipment preparedness and feedstock readiness. According to Wanhua’s latest statement, the revised launch date is now set for late March or early April. While the delays persist, the plant’s production capacity remains unchanged, raising questions about its potential influence on global markets once operational.

Scale of the Cracking Unit

Ethylene: Annual production capacity of 1.2 million tons.  

Propylene: Yearly output of 700,000 tons.  

Feedstocks: The plant will primarily rely on ethane and naphtha for its cracking processes.

These capacities are expected to notably enhance China’s domestic supply of ethylene, a crucial input for the production of plastics and various other polymers.

Why Ethane and Naphtha Were Chosen  

The combination of ethane and naphtha as raw materials for the cracking process has gained widespread popularity due to their availability and high efficiency.

Ethane: Known for its high hydrocarbon concentration, ethane allows for increased ethylene yield, making it highly desirable in the petrochemical industry.  

Naphtha: A versatile and widely available feedstock, naphtha offers stable pricing trends in global markets.  

This dual-feedstock approach minimizes production costs while maximizing economic efficiency, presenting a strategic advantage for large-scale chemical facilities.

Potential Market Impacts  

The launch of Wanhua Chemical Group’s new cracking unit is a critical development for the global petrochemical market. As the facility ramps up production, it could alter supply chains and price dynamics.

Anticipated Market Effects:  

Surge in Ethylene Supply: Increased availability may drive down ethylene prices across Asian markets;  

Heightened Export Competition: Major exporting countries will need to reassess pricing strategies to maintain their market positions;  

Stabilization of China’s Domestic Markets: Additional capacities will reduce reliance on ethylene imports, strengthening China’s self-sufficiency;  

 Impact on Feedstock Markets: Increased demand for ethane and naphtha from large-scale plants could exert upward pressure on feedstock prices.

Conclusion  

The postponed launch of Wanhua Chemical Group’s cracking unit is a significant milestone that could reshape the global petrochemical landscape. Once operational, the plant’s immense capacity will likely influence both regional and international markets, affecting ethylene, propylene, and feedstock pricing structures. Successful implementation of this project not only positions Wanhua Chemical Group as a stronger global competitor but also opens up new avenues for China’s industrial growth. 

Our website: https://goldriders-robot.com/

Follow us on Facebook: https://www.facebook.com/groups/goldridersfb

Follow us on Pinterest: https://ru.pinterest.com/goldridersrobot/

Follow us on X: https://x.com/goldridersx?s=21

Follow us on Telegram: https://t.me/+QtMMmyyVhJExZThi

[mdvkin]

Expert Solvent Naphtha Suppliers in India: Providing Top-Notch Products and Solutions

Expert Solvent Naphtha Suppliers in India offer high-quality products for a variety of industrial applications. Known for reliability, they provide top-notch solutions tailored to meet specific customer needs. With efficient delivery and competitive pricing, these solvent naphtha suppliers in India ensure consistent performance, making them trusted partners in the chemical industry.

[chemicalsindustry]

Foam Market Top Manufacturing Industry Revenue Size & Share Outlook

Foam is manufactured using raw materials such as polymers, naphtha, resins, and additives. Lightweight material with low density, foam can be either rigid or flexible. Most foam is flexible and soft. Some types of foam have low heat or sound transfer properties, making them optimal insulators. Polyurethane (PU), polystyrene (PS), polyolefin (PO), phenolic, polyethylene terephthalate (PET), melamine, phenolic, PVC, silicone, and PVDF are the major types of foam.

Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81495607

The foam market size is estimated at USD 93.9 billion in 2021 and is projected to reach USD 118.9 billion by 2026, at a CAGR of 4.8% between 2021 and 2026. The market is propelled by the growth of various end-use industries. Increasing investments in infrastructure, new housing projects, and renovation of non-residential buildings in China, India, and Brazil have also boosted the market growth.

Foam is widely used in the automotive, building & construction, packaging, footwear, sports & recreational, and furniture & bedding industries. Flexible PU foam is extensively used in the automotive and building & construction industries. It helps automobile manufacturers address issues related to weight reduction, vibration absorption, fuel efficiency, and durability.

The foam market is driven by increasing demand from the packaging, automotive, and building & construction industries. The rising demand for high-quality products from APAC, the Middle East & Africa, and South American countries is also driving the market. Emerging economies such as India, China, Brazil, Southeast Asia, and Mexico are expected to be the most lucrative destinations for the foam market in the near future. The major challenges for foam manufacturers are the increasing prices and stringent regulations set by various governments. Fluctuation in raw material prices is also a restraining factor for the market.

Request For FREE Sample of Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=81495607

Continuous developments in the market, including new product launches, investment & expansion, merger & acquisitions, and partnerships & agreements are expected to help the market grow. Several products are being introduced, and investments are made in increasing the production capacity of polyolefin foam by manufacturers for different applications. New product launch has helped companies enhance their product portfolio.

[atomicladycupcake]

Ethylene Market In-depth Analysis and Comprehensive Assessment Report 2024 to 2033

The ethylene market is a major segment of the petrochemical industry and plays a critical role in global manufacturing. Ethylene is one of the most widely used chemical compounds, serving as a primary building block for various essential materials, including polyethylene, ethylene oxide, and ethylene dichloride. These derivatives are extensively used in producing plastics, textiles, automotive components, packaging, construction materials, and pharmaceuticals. With demand spread across a diverse range of sectors, the ethylene market is a key player in global industrial development.

Market Overview and Size

The Global Ethylene Market is projected to reach approximately USD 304.6 Billion by 2033, increasing from USD 177.7 Billion in 2023, with a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2033.  Growth in this market is primarily driven by the expanding consumer base for products made from ethylene derivatives and the growing demand for plastic and synthetic materials across multiple industries. The market is also heavily influenced by the price of crude oil and natural gas, as these are primary feedstocks for ethylene production.

Get Information About This Report: https://infinitymarketresearch.com/ethylene-market/1060 

Key Drivers of the Ethylene Market

Growth in the Plastic and Packaging Industries A significant portion of ethylene is used to produce polyethylene, one of the most widely used plastics. Polyethylene is essential in manufacturing plastic bags, containers, and packaging materials, which are in constant demand due to the booming e-commerce and retail sectors. The growth in packaging requirements—driven by increased online shopping and a shift toward lightweight packaging in industries like food, beverages, and consumer goods—continues to be a major growth driver for the ethylene market.

Demand from Automotive and Construction Sectors Ethylene-derived materials like polypropylene, styrene, and polyvinyl chloride (PVC) are crucial in automotive and construction applications. In the automotive industry, lightweight materials are increasingly used to enhance fuel efficiency. In the construction industry, PVC pipes, fittings, and insulation materials are essential for both residential and commercial structures. With expanding infrastructure development in emerging markets, the demand from these industries is expected to fuel ethylene consumption in the coming years.

Advancements in Production Technologies Technological advancements in ethylene production have significantly improved production efficiency and reduced costs. Modern methods, such as cracking technology and catalytic processes, allow companies to convert naphtha and ethane into ethylene with greater energy efficiency and lower environmental impact. In addition, companies are investing in sustainable production technologies, such as bio-based ethylene, to reduce the industry’s carbon footprint and comply with increasing environmental regulations.

Regional Insights

Asia-Pacific The Asia-Pacific region dominates the ethylene market, with China, India, and Japan as major consumers. This region’s growth is driven by rapid industrialization, urbanization, and increasing consumer spending on goods made from ethylene derivatives. China, in particular, has seen a tremendous rise in demand due to its robust manufacturing sector, which includes automotive, electronics, and consumer goods industries. Additionally, Asia-Pacific is investing heavily in new ethylene production facilities to reduce reliance on imports and support local demand.

North America North America is a significant player in the ethylene market, largely due to the abundance of shale gas reserves in the United States. The shale gas boom has provided a low-cost feedstock (ethane) for ethylene production, allowing the U.S. to emerge as a global ethylene exporter. With the presence of advanced production technologies and investments in petrochemical infrastructure, North America is expected to maintain its influence in the global ethylene market.

Europe Europe’s ethylene market is more moderate in growth due to stringent environmental regulations and a high degree of market maturity. However, demand from the automotive and construction industries continues to drive moderate growth in ethylene consumption. Additionally, Europe is actively working on producing bio-based ethylene and recycling initiatives to address environmental concerns and reduce dependence on fossil fuels.

Challenges in the Ethylene Market

Environmental Concerns and Regulatory Challenges The ethylene industry faces increasing scrutiny over its environmental impact, as ethylene production is energy-intensive and generates considerable carbon emissions. Regulatory pressure is mounting on the industry to adopt cleaner, more sustainable production methods. As a result, companies are investing in carbon capture and storage (CCS) technologies and renewable feedstocks to minimize their environmental footprint.

Volatility in Raw Material Prices Ethylene production relies heavily on crude oil and natural gas as raw materials, making the market sensitive to fluctuations in their prices. Price volatility due to geopolitical tensions, trade policies, and supply-demand imbalances can impact production costs and profitability. To counter this, companies are diversifying feedstock sources and adopting flexible production technologies that can switch between different raw materials depending on cost and availability.

Competition from Alternative Materials The push for environmentally sustainable alternatives is driving research into bio-based and recycled plastics, which could potentially substitute petrochemical-based ethylene products. These alternative materials have gained popularity in industries seeking eco-friendly solutions, posing a potential challenge to the ethylene market’s growth.

Key Players: 

o   Chevron Phillips Chemical Company LLC

o   China Petroleum & Chemical Corporation (Sinopec)

o   Mitsui Chemicals Inc.

o   LyondellBasell Industries N.V.

o   Exxon Mobil Corporation

o   Saudi Basic Industries Corporation

o   Ineos Group Ltd

o   The Dow Chemical Company

o   Royal Dutch Shell plc

o   LG Chem Ltd.

o   Mitsui Chemicals Inc.

o   Other Key Players

Get Free Sample Copy Of Report: https://infinitymarketresearch.com/request-sample/1060 

Future Outlook and Opportunities

The ethylene market is expected to continue its growth trajectory, driven by demand from emerging markets and ongoing industrial applications. Companies are actively pursuing strategies to make the ethylene industry more sustainable, including investment in bio-based ethylene, recycling technologies, and energy-efficient production methods. Additionally, with growing global attention on sustainability, bio-based ethylene and renewable energy sources will likely play a larger role in the industry’s future.

Investments in research and development are expected to foster innovations that lower production costs, reduce environmental impact, and enhance the performance of ethylene derivatives. The expansion of industries such as packaging, automotive, and construction in emerging economies is also anticipated to provide long-term opportunities in the ethylene market.

Related Reports:

Glyceryl Triacetate Market Trends and Growth | Report 2033 : https://infinitymarketresearch.com/glyceryl-triacetate-market/1223

Diisopropyl Ether (DIPE) Market Trends, Growth | Report 2033: https://infinitymarketresearch.com/diisopropyl-ether-(dipe)-market/1243

Atomized Metal Powder Market Size, Growth, Trends, Report 2033: https://infinitymarketresearch.com/atomized-metal-powder-market/1250

Fire Resistant Tapes Market Size, Growth, Trends, Report 2033: https://infinitymarketresearch.com/fire-resistant-tapes-market/1281

Ceramic Additive Manufacturing Market Size, Growth, Report 2033: https://infinitymarketresearch.com/ceramic-additive-manufacturing-market/1280 

About US:

We at Infinity Market Research hold expertise in providing up-to-date, authentic and reliable information across all the industry verticals. Our diverse database consists of information gathered from trusted and authorized data sources.

We take pride in offering high quality and comprehensive research solution to our clients. Our research solutions will help the clients in making an informed move and planning the business strategies. We strive to provide excellent and dedicated market research reports so that our clients can focus on growth and business development plans. We have domain-wise expert research team who work on client-specific custom projects. We understand the diverse requirements of our clients and keep our reports update based on the market scenario.

Contact US:

Pune, Maharashtra, India

Mail: Sales@infinitymarketresearch.com

Website: https://infinitymarketresearch.com/

[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

[chemanalystdata]

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.

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

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[tamanna31]

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.

[namansharma0950]

ナフサ (Naphtha) 価格動向、データ分析、将来予測

ナフサ (Naphtha) は石油化学および精製産業の重要な原料であり、主にオレフィン、芳香族化合物、ガソリン混合の製造に使用されます。工業生産の要として、ナフサ価格の変動は、プラスチック、合成ゴム、燃料などの下流製品のコスト構造に直接影響します。この記事では、ナフサ価格の要因、最近の傾向、将来の見通しについて詳細に分析します。

ナフサとは? ナフサは、原油から得られる揮発性で可燃性の液体炭化水素混合物です。次の用途で重要な入力として機能します。

石油化学製品: エチレン、プロピレン、ベンゼンやトルエンなどの芳香族化合物を製造するための主要原料として使用されます。

ガソリン混合: 燃料のオクタン価を高めます。

溶剤: 工業用洗浄剤や塗料に使用されます。

エネルギー源: 一部の地域では発電に使用されます。 ナフサ価格に影響を与える要因 1. 原油価格 ナフサは原油の直接的な派生品です。世界の原油市場の価格変動はナフサ価格に大きな影響を与えます。 2. 石油化学産業からの需要 プラスチック、樹脂、その他の石油化学製品の需要の高まりは、ナフサの消費と価格に直接影響を与えます。 3. 精製マージン 「クラック スプレッド」と呼ばれることが多い精製業者の収益性は、市場でのナフサの入手可能性と価格に影響を与えます。 4. 天然ガス価格 天然ガスは石油化学製品の代替原料です。天然ガスの競争力のある価格はナフサの需要を減らし、市場価格に影響を与える可能性があります。 5. 地政学的イベント 地政学的緊張や制裁による原油サプライ チェーンの混乱は、ナフサの生産と入手可能性に影響を与えます。 6. 季節による変動 ガソリン混合需要が増加するピークシーズンには、ナフサの価格が上昇する傾向があります。

リアルタイムで ナフサ (Naphtha) 価格: https://www.analystjapan.com/Pricing-data/naphtha-93

ナフサ価格の最近の動向 高騰する原油価格

原油価格が不安定なため、ナフサのコストも同様の傾向をたどり、世界中の石油化学製品の生産コストに影響を与えています。 石油化学製品の需要増加

特にアジア太平洋地域でのプラスチックの需要増加により、ナフサの消費量が増加し、主要地域の価格が上昇しています。 天然ガスへの移行

北米などの地域では、競争力のある価格の天然ガスが利用できるようになったことでナフサへの依存度が低下し、現地での価格動向が軟化しています。 地域別の価格格差

アジア太平洋地域は依然としてナフサの最大の消費地であり、生産能力が高いため、ヨーロッパや北米に比べて価格が比較的低くなっています。 ナフサ価格の地域別概要 アジア太平洋地域 この地域は石油化学製品製造の主要拠点であり、ナフサの需要は中国、インド、韓国などの国によって牽引されています。豊富な精製能力により、価格は競争力を維持しています。北米 シェールガスの生産により、原料としてのナフサへの依存度が低下し、需要と価格が比較的低下しています。 ヨーロッパ 精製能力の限界と厳しい環境規制により、この地域ではナフサ価格が上昇しています。 ナフサ価格の将来見通し エネルギー転換 世界が再生可能エネルギーに移行するにつれて、特にガソリン混合用途において、ナフサの需要は徐々に減少する可能性があります。 石油化学製品の需要増加 プラスチックやその他の石油化学製品に対する世界的な需要により、短期的にはナフサの需要が維持されると予想されます。 技術の進歩 精製と原料代替における革新は、ナフサの生産コストと市場の動向に影響を与える可能性があります。 環境規制 精製プロセスからの排出を対象とするより厳しい政策は、ナフサの生産コストの上昇につながり、価格に影響を与える可能性があります。 結論 ナフサ価格は、原油市場、石油化学部門の需要動向、世界の地政学的イベントと複雑に結びついています。ナフサの消費はアジア太平洋地域がリードしており、その市場動向は石油化学派生製品に依存する業界にとって極めて重要です。価格動向とナフサ市場に影響を与える要因について常に情報を得ることは、この不安定でありながら重要なセグメントを効果的にナビゲートするために関係者にとって不可欠です。

ANALYST JAPAN

Call +1 (332) 258- 6602 1-2-3 Manpukuji, Asao-ku, Kawasaki 215-0004 Japan

Website: https://www.analystjapan.com

Email: sales@analystjapan.com

[industryinsightsandanalysis]

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.

Request Free Sample Pages with Graphs and Figures Here https://univdatos.com/get-a-free-sample-form-php/?product_id=46347

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.

Contact Us:

UnivDatos Market Insights

Email - contact@univdatos.com

Contact Number - +1 9782263411Website -www.univdatos.com

[mynewshq]

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

[idsmgroup]

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.