Home / VIDEOS / Video: Vinod Raghothamarao of IHS Markit on refining-petrochemical integration


Video: Vinod Raghothamarao of IHS Markit on refining-petrochemical integration

by Martin Menachery on Jan 31, 2018


Vinod Raghothamarao, director consulting, Energy Wide Perspectives, IHS Markit.
Vinod Raghothamarao, director consulting, Energy Wide Perspectives, IHS Markit.

Integration of refineries and petrochemical complexes can provide significant operational and economic gains for the GCC producers.

The integrated complex has higher overall revenue than the stand-alone refinery because of the net increase in petrochemical volume from the integrated complex. It is also important to note that integration can achieve higher overall margins, most of which arises from the processing of alternative feedstocks than naphtha into ethylene as well as using by-product stream produced in the petrochemical plant such as hydrogen generated by cracking ethane at the refinery’s reforming plant.

The integration of refineries with petrochemical plants allows for significant petrochemical contribution to the refinery yield and can improve the overall process economics for both the component refinery and petrochemical facility.

There is an increased level of integration between refineries and petrochemical complexes in the GCC region. Integration alone, however, will not succeed in realising the true potential of the downstream industry and meet the challenges of the future. The industry will have to come hand-in-hand with efforts for increasing overall business integration, upgrading existing production facilities and deploying more energy-efficient technologies to lower variable cost.

Check out the following video to know what Vinod Raghothamarao, director consulting, Energy Wide Perspectives, IHS Markit, has to say about the integration of refineries and petrochemical complexes now.

 


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