Sustainable Feedstocks and Facility Integration Shape the Petrochemical Industry
Description
Sustainable Feedstocks and Facility Integration Shape the Petrochemical Industry
This Frost & Sullivan study analyzes the competitiveness and dynamics of the various types of feedstocks available for the petrochemical industry, with the intention of revealing how the growing concerns and the subsequent efforts to reduce the use of fossil fuels in transportation and energy industries will impact the availability of fossil-based petrochemical feedstocks.
In the net zero emission (NZE) scenario examined in this study, stakeholders in transportation and energy sectors are expected to reduce emissions through decarbonization, and electrification, among many other energy efficiency levers. The study concludes that stakeholders will evaluate the use of alternate feedstocks to produce petrochemicals in a way that is both sustainable and profitable.
While the emissions in the petrochemical industry can be attributed to processes and feedstocks, this study covers the nature and footprint of feedstocks used in petrochemical production. The energy aspect is covered in Frost & Sullivan’s report on decarbonization and associated processes. This analysis includes petrochemicals manufactured from hydrocarbons and from sustainable sources.
Finally, five key trends in the petrochemical industry are examined in this report: fossil-based (conventional) feedstocks, crude-oil to chemicals (COTC), carbon capture and storage (CCUS), recyclates and bio-based feedstocks, according to their degree of advancement, market opportunities, and key challenges in each of these segments.
RESEARCH HIGHLIGHTS
Furthermore, Frost & Sullivan’s research into the future of petrochemicals amidst the rapidly changing regulatory landscape, consumer preferences, government initiatives, and environmental priorities leads it to believe that the industry will be influenced by dynamics at three different levels.
Customer needs are changing—consumers’ opinions on plastic packaging, recyclable products, and ‘natural’ products will accelerate the development of alternate feedstocks, efficient processes, and enabling technologies. Regulations in the end industry, such as the plastic ban, and the phasing out of hazardous chemicals, will boost the need for newer, safer, and more sustainable feedstocks.
Petrochemical companies strive to improve efficiency in their processes to boost productivity and profitability. Integrating refineries (both fossil-based and bio-based) to yield a higher share of petrochemicals will be a key strategy.
Breakthrough technologies such as COTC, CCUS, and petrochemicals produced from recyclates and bio-origin feedstocks will necessitate partnership opportunities among stakeholders across the petrochemical value chain.
This Frost & Sullivan study analyzes the competitiveness and dynamics of the various types of feedstocks available for the petrochemical industry, with the intention of revealing how the growing concerns and the subsequent efforts to reduce the use of fossil fuels in transportation and energy industries will impact the availability of fossil-based petrochemical feedstocks.
In the net zero emission (NZE) scenario examined in this study, stakeholders in transportation and energy sectors are expected to reduce emissions through decarbonization, and electrification, among many other energy efficiency levers. The study concludes that stakeholders will evaluate the use of alternate feedstocks to produce petrochemicals in a way that is both sustainable and profitable.
While the emissions in the petrochemical industry can be attributed to processes and feedstocks, this study covers the nature and footprint of feedstocks used in petrochemical production. The energy aspect is covered in Frost & Sullivan’s report on decarbonization and associated processes. This analysis includes petrochemicals manufactured from hydrocarbons and from sustainable sources.
Finally, five key trends in the petrochemical industry are examined in this report: fossil-based (conventional) feedstocks, crude-oil to chemicals (COTC), carbon capture and storage (CCUS), recyclates and bio-based feedstocks, according to their degree of advancement, market opportunities, and key challenges in each of these segments.
RESEARCH HIGHLIGHTS
Furthermore, Frost & Sullivan’s research into the future of petrochemicals amidst the rapidly changing regulatory landscape, consumer preferences, government initiatives, and environmental priorities leads it to believe that the industry will be influenced by dynamics at three different levels.
Customer needs are changing—consumers’ opinions on plastic packaging, recyclable products, and ‘natural’ products will accelerate the development of alternate feedstocks, efficient processes, and enabling technologies. Regulations in the end industry, such as the plastic ban, and the phasing out of hazardous chemicals, will boost the need for newer, safer, and more sustainable feedstocks.
Petrochemical companies strive to improve efficiency in their processes to boost productivity and profitability. Integrating refineries (both fossil-based and bio-based) to yield a higher share of petrochemicals will be a key strategy.
Breakthrough technologies such as COTC, CCUS, and petrochemicals produced from recyclates and bio-origin feedstocks will necessitate partnership opportunities among stakeholders across the petrochemical value chain.
Table of Contents
77 Pages
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8
- The Impact of the Top 3 Strategic Imperatives on the Petrochemicals Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
- Scope of Analysis
- Structure of the Oil and Gas (O&G) Industry-Petrochemicals' Primary Source
- Regulatory Landscape
- Significance of the Petrochemicals Industry
- Global Petrochemicals Market Overview
- Geographic Scope
- Global Petrochemical Market by Region in 2022
- Regional Outlook for Petrochemical Feedstocks
- Feedstock Perspective of Petrochemicals
- Feedstock Perspective: C1 Stream
- Competency of Feedstock (Naphtha Versus Ethane)
- Feedstock Competency-Ethylene Production from Different Feedstocks
- Feedstock Competency
- Evolution of the Petrochemical Industry
- Fossil-based Conventional Petrochemical Feedstocks-Opportunities
- Demand for Plastics-A Key Driver for Petrochemicals?
- A Transitioning Petrochemical Ecosystem
- Transition to a Higher Yield of Petrochemicals from Crude Oil
- Diversification of O&G Majors into Petrochemicals
- Threats and Challenges for Fossil-based Petrochemicals
- Transition from Traditional Refining to COTC Complexes
- Integration of Refineries
- CCUS-Overview and Introduction
- CCUS-Outlook for the Chemical Industry
- Captured Carbon Use-Application Segments
- CCUS-Projects in Pipeline/Development
- LanzaTech-Case Study
- Sustainability-The Key Trend Behind Feedstock Usage
- The Trend Toward More Integrated Biorefineries
- Developments in Bio-based Petrochemical Feedstocks
- Neste-Case Study
- Recyclates Usage as Petrochemical Feedstocks
- Recycling Plastic Waste Streams to Petrochemical Feedstocks
- Developing Sustainable Feedstock for Petrochemicals
- Growth Opportunity 1: Strategic Partnerships
- Growth Opportunity 2: Integrating Refineries
- Growth Opportunity 3: Making Use of Alternate Feedstocks
- Growth Opportunity 4: Incentives to Accelerate Technological Advancement
- Growth Opportunity 5: Opportunities for Technology Providers
- Your Next Steps
- Why Frost, Why Now?
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