I wonder how much potential there is left for refining
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Oil prices remain unstable and can drop suddenly. These days, the profit margins generated by catalytic converters are gradually shrinking; it’s hard to say what will happen in the end
Catalytic units generally have gas fractionation. In previous years, it was gas fractionation that generated profits; is that no longer the case now?
The chemical industry still has prospects; refining is on the decline, the future of catalysis looks uncertain, and there are currently no alternatives that can take its place as a leading sector
Sinopec has over 50 catalytic cracking units, and it can be asserted that catalysis will not decline within 10 years!
China’s national conditions mean that catalytic cracking will not have any significant impact for the time being! Catalytic gasoline is an important component that makes up 70% of gasoline blends!
Without new energy sources to replace gasoline, catalytic converters remain very useful
Given the current trends, prohibition is only a matter of time, but I doubt it will happen in my lifetime
Structural adjustment! Emphasis is placed on diversifying sources of income, but the key player will remain unchanged; at least for now, there is no alternative process package that can replace catalytic units…
As there are no good alternative energy sources to replace gasoline and diesel, oil refining plants remain unnecessary
However, the rise of new energy sources is bound to hit the refining sector