Aromatic hydrocarbons are the basis for many different types of products, the most important of which are used in the production of dyes, polyurethanes and synthetic fibers. Petrochemical Industry is a very comprehensive industry, but ethylene is a very significant product, it is also the main olefin products. Global annual ethylene production in 2012 was about 143 million tons. Historically, the supply and consumption of ethylene have been dominated by the economically mature United States, Western Europe and Japan. Since 2009 or 2010, however, the situation has changed, with production and consumption shifting to the Middle East and Asia. Only recently has America’s shale-gas boom brought the balance of economic leverage back into balance and prompted a big increase in new production capacity in North America.
Ngls usually contain ethane, propane, butane, isobutene, and pentane. Some of them are ideal for the petrochemical industry. Ngls have previously been seen as a low value-added by-product that Burns off near the wellhead. Recently, however, people finally fully recognized its value as a petrochemical raw material. It is this shift that has powered the recovery in North America, and particularly in the US petrochemical industry.
What is the significance of the recovery of the petrochemical industry for the valve market?
The recovery in the US petrochemical industry is good news for asset equipment suppliers, including valves. There are business opportunities in every aspect of energy infrastructure development.
The continued exploitation of shale gas-rich in natural gas condensate (NGLs) has led to the opening of numerous drilling projects, resulting in a demand for many types of wellhead valves Includes gate, globe, choke, check, ball and other valves. With about 1,700 rigs in operation in the United States — far more than the rest of the world combined — demand for wellhead valves is and will be strong.
Ngls for petrochemical production requires a dedicated pipeline network to transport them to production sites, such as cracking units or petrochemical plants. The corresponding gathering and transportation pipeline has provided the market to the pipeline valve, especially the full flow channel and “may walk the bead clean” the ball valve, the gate valve massive demand. And the actuators these valves need to be paired with also provide an attractive business opportunity for the accessories market.
Petrochemical Plants are highly automated and complex devices. The annual output of a typical new petrochemical plant could be as high as 1-2 million tons. The cost of the plant is based on its size and location, but it will be in the $3 billion to $4 billion range. The valve cost per plant would be about $35 million. While it is well known that new plants offer the richest and most comprehensive business opportunities for the valve industry, plant expansion and retrofitting to accommodate new production materials are also significant, especially in the U.S. market. Almost all types of valves are used, including high-speed surge valves used in factories to protect compressors.
Post time: Jul-28-2021