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...