BGS Group interviewed 5 speakers who have joined Petrochemical and Refining Congress: Europe (PRC Europe 2020). The Congress will take place this May 18-20 in Vienna.

Experts from Eni, Wood, Cepsa Quimica, Thyssenkrupp and Tupras shared their thoughts on the hottest issues of the downstream industry: its future, projects, regulations and more.

Here's the first question we asked them:

What did become a global game-changer for downstream in 2019?

1.jpg Ignazio Arces
Managing Director
ENI Raffineria DI Gela

"More than in the past, we’ve seen increasing streams of HSSR and HSFO from Russia and Europe processed in the US system while the Indian Refineries processed Middle Eastern volumes. At a regional level, the refiners have done so far along by the crude slate adjustments and the global HSSR/FO stream distribution has been good enough to storm IMO 2020 without the drama prospected. Moreover, the OPEC production cut and the Venezuelan/Iranian embargoes are taking off in excess of 1 Mb/d of the High Sulphur Crude that IMO 2020 is displacing."

2.jpgHemendra Khakhar
Business Development Director
Wood plc

"The major trends in 2019 were IMO regulations in refining, COTC projects in petrochemicals and continued investments for LNG Terminals & FLNG in Natural Gas market. If I have to pick the game changer, it would be LNG capacity build up and how natural gas imports are rapidly changing fuel source for power generation and petrochemical production in far east."

3.jpgRaquel Canton Jara
CQ Business Development
CEPSA Quimica SAU

"I really believe that digital technologies (artificial intelligence, big data, blockchain, the Internet of Things) have played a disruptive role in improving process’ efficiency and performance, increasing safety in operations and ultimately enhancing global profitability in the downstream players that have taken this opportunity."

4.jpgSimone Bettinger
Head of Aromatics Process Group
thyssenkrupp Industrial Solutions AG

"One main game-changer is the requirement for reducing emissions (especially SO4 ) and therefore the significant limitation of sulfur content on maritime bunker fuel adopted by IMO coming in force as January 1st, 2020. The resulting lower demand of bunker oil and therefore the effect on the global fuel oil market leaves the refiners with the challenge to implement “bottom of the barrel technologies” by processing more residue and producing more valuable distillate products."

5.jpgZiya Gurun
Technical Services and R&D Director
TUPRAS

"The gap between heavy and light crude oil prices closed. Shale oil production increased in the USA. Low fuel oil demand in the world. The result is lower refining margins."



Additional options for you:

  • find out more about Petrochemical and Refining Congress: Europe at prceurope.com
  • request marketing materials here
  • share the article in social networks using the buttons below

#PRCEurope2020

Share:
MORE POSTS LIKE THIS >
YOU MIGHT ALSO LIKE...

NAPCON - Sponsor at PRC Europe 2019, has prepared a noteworthy case study about optimizer boosts olefins production with low investment costs.
Click here to read the article
Our Session sponsor APEX Group prepared a special case study presentation about heat exchangers application in harsh environment.

Click here to read the article
Our session sponsor Stork, a Fluor company, prepared a special report about asset performance management solutions 4.0 for the Oil & Gas and Petrochemical industry.

Click here to read the article
Our Gold Sponsor Evapco Europe prepared a special presentation about its products & services.

Click here to read the article

Eni, Wood, Cepsa Quimica, Thyssenkrupp and Tupras answer our question

Click here to read the full article

CTK-EURO has eight years of positive experience in the practical implementation and use of HEC-Technology at oil refineries & petrochemical enterprises...

Click here to read the report