Petrochemcomplex shields refining profits

Integrating existing refinery operations into petrochemical production can improve refining profitability. In the past 10 years, the return on replacement capital in the U.S. petrochemical industry has averaged 15.6%, and that in refining has averaged 2.4% (Fig. 1 [57,299 bytes]). The benefits of integration are: Reduced capital investment or working capital as a result of efficient infrastructure utilization Reduced fixed costs as a result of shared services Optimization of overall refinery product yields Higher value of transfer streams and products Petrochemical downturns tempered by more stable refining cycles. These are conclusions of...

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