Key Issues in the 2024 Election Season
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Sponsored Content: Honeywell UOP
Title: Monetizing Lower-Cost Hydrogen and Lower-Value Naphtha
As the world progresses towards higher levels of decarbonization, we are witnessing a structural shift in the oil refining and petrochemicals industry. Many old, less efficient assets are being shuttered, while larger, integrated and more efficient R&P complexes are being developed. New complexes are positioned to off-set traditional refined fuel imports and extend into petrochemicals for a higher quality of debt service, while brownfield refineries are starting to shift their production. Whether new or old, all facilities are being challenged to do more with less and drive decarbonization. This almost always involves hydrogen and whether it is used for its chemical or fuel value. Join this presentation to learn more about how we can better leverage proven refining technologies to accelerate the shift towards chemicals. Learn some of the puts-and-takes associated with different hydrogen strategies, and how to leverage the UOP Six Efficiencies (E6) as a framework to improve the efficiency of your project, while consuming less feedstock and producing less CO2 per tone of product.
Title: Sustainability Investments: Changing Perspectives on How We Think About Catalyst Reloads
Refining across the energy transition is challenged to reduce carbon footprint, while at the same time ensuring that investments are bankable and supported by the shareholders. Large capital projects can be challenging in this environment. However, catalyst reloads are universally accepted as an ongoing business expense. Reloads have traditionally been focused on yields and selectivity at the process unit level. This view needs to change. To help balance customer wants and needs in pursuit of bankable projects, we have developed the UOP Six Efficiencies Framework, which includes the tradeoffs between 1) Carbon, 2) Hydrogen, 3) Utilities, 4) Emissions, 5) Water – treated as a scarce resource, each in tension with 6) Capital. In this presentation, we will discuss how the Six Efficiencies can be used to help understand the impact that catalyst reloads can have on site or enterprise-wide sustainability performance.
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