Through a series of webinars, BASF presented a variety of novel catalysts that will be showcased at the upcoming European Petrochemical Associations Conference (EPCA). In the new offer, there are catalysts for the more efficient production of isopropyl alcohol (IPA), an essential component of hand sanitizers—a consumer good that was greatly needed during the Covid-19 outbreak. Ni 3354 E, a high-performance oxo alcohol catalyst from BASF, combines a very high selectivity with high activity.
Albemarle Corporation opened a third chemical conversion plant, La Negra III/IV, in Antofagasta, Chile. This plant is among the most advanced in Latin America and is one of the biggest lithium producers in the world. Albemarle has been operating in Chile for over 40 years. The factory is anticipated to double lithium production with the help of new technologies, thereby lowering the company's low-freshwater use in the process and demonstrating its unwavering dedication to sustainable production.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3455
Published Date: Nov 30, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rapid shift towards high-value and bio-based products, surge in the adoption of petroleum-based products, and growing use of refinery process chemicals in the oil & gas industry are the major factors driving the growth of the refinery process chemicals market.
The market size of refinery process chemicals is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.
The major players in the market are BASF SE, Albemarle Corporation, CLARIANT., Lummus Technology, Sinopec Corporation, Mitsubishi Heavy Industries, Ltd., SEKISUI Chemical CO., Ltd., Nippon Pionics Group, Electric Power Development Co., Ltd., Fukuoka Sanso Co., Ltd., and others.
The cracking process segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.