Sustainable Feedstocks and Facility Integration Shape the Petrochemical Industry

PUBLISHED: January 24, 2023

PAGES: 77 Pages

DELIVERY TIME: 1-2 business days

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Description

Changing Market Demands, Environmental Priorities, and Technological Breakthroughs Create Growth Opportunities

This Frost & Sullivan study analyzes the competitiveness and dynamics of the various types of feedstocks available for the petrochemical industry, with the intention of revealing how the growing concerns and the subsequent efforts to reduce the use of fossil fuels in transportation and energy industries will impact the availability of fossil-based petrochemical feedstocks.

In the net zero emission (NZE) scenario examined in this study, stakeholders in transportation and energy sectors are expected to reduce emissions through decarbonization, and electrification, among many other energy efficiency levers. The study concludes that stakeholders will evaluate the use of alternate feedstocks to produce petrochemicals in a way that is both sustainable and profitable.

While the emissions in the petrochemical industry can be attributed to processes and feedstocks, this study covers the nature and footprint of feedstocks used in petrochemical production. The energy aspect is covered in Frost & Sullivan's report on decarbonization and associated processes. This analysis includes petrochemicals manufactured from hydrocarbons and from sustainable sources.

Finally, five key trends in the petrochemical industry are examined in this report: fossil-based (conventional) feedstocks, crude-oil to chemicals (COTC), carbon capture and storage (CCUS), recyclates and bio-based feedstocks, according to their degree of advancement, market opportunities, and key challenges in each of these segments.

Research Highlights:

Furthermore, Frost & Sullivan's research into the future of petrochemicals amidst the rapidly changing regulatory landscape, consumer preferences, government initiatives, and environmental priorities leads it to believe that the industry will be influenced by dynamics at three different levels.

Customer needs are changing-consumers' opinions on plastic packaging, recyclable products, and 'natural' products will accelerate the development of alternate feedstocks, efficient processes, and enabling technologies. Regulations in the end industry, such as the plastic ban, and the phasing out of hazardous chemicals, will boost the need for newer, safer, and more sustainable feedstocks.

Petrochemical companies strive to improve efficiency in their processes to boost productivity and profitability. Integrating refineries (both fossil-based and bio-based) to yield a higher share of petrochemicals will be a key strategy.

Breakthrough technologies such as COTC, CCUS, and petrochemicals produced from recyclates and bio-origin feedstocks will necessitate partnership opportunities among stakeholders across the petrochemical value chain.

Product Code: K7F1-92

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Petrochemicals Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Scope of Analysis
Structure of the Oil and Gas (O&G) Industry-Petrochemicals' Primary Source
Regulatory Landscape
Regulatory Landscape (continued)
Significance of the Petrochemicals Industry
Global Petrochemicals Market Overview
Geographic Scope
Global Petrochemical Market by Region in 2022
Regional Outlook for Petrochemical Feedstocks
Feedstock Perspective of Petrochemicals
Feedstock Perspective: C1 Stream
Competency of Feedstock (Naphtha Versus Ethane)
Competency of Feedstock (Naphtha Versus Ethane) (continued)
Feedstock Competency-Ethylene Production from Different Feedstocks
Feedstock Competency
Feedstock Competency (continued)
Feedstock Competency (continued)
Evolution of the Petrochemical Industry

Growth Opportunity Analysis-Fossil-based Conventional Petrochemical Feedstocks

Fossil-based Conventional Petrochemical Feedstocks-Opportunities
Demand for Plastics-A Key Driver for Petrochemicals?
A Transitioning Petrochemical Ecosystem
Transition to a Higher Yield of Petrochemicals from Crude Oil
Diversification of O&G Majors into Petrochemicals
Diversification of O&G Majors into Petrochemicals (continued)
Threats and Challenges for Fossil-based Petrochemicals

Growth Opportunity Analysis-Crude to Chemicals

Transition from Traditional Refining to COTC Complexes
Integration of Refineries
Integration of Refineries (continued)
Integration of Refineries (continued)

Growth Opportunity Analysis-CCUS

CCUS-Overview and Introduction
CCUS-Outlook for the Chemical Industry
Captured Carbon Use-Application Segments
CCUS-Projects in Pipeline/Development
CCUS-Projects in Pipeline/Development (continued)
LanzaTech-Case Study

Growth Opportunity Analysis-Bio-based Petrochemical Feedstocks

Sustainability-The Key Trend Behind Feedstock Usage
The Trend Toward More Integrated Biorefineries
The Trend Toward More Integrated Biorefineries (continued)
Developments in Bio-based Petrochemical Feedstocks
Neste-Case Study
Neste-Case Study (continued)

Growth Opportunity Analysis-Recyclates as Petrochemical Feedstocks

Recyclates Usage as Petrochemical Feedstocks
Recycling Plastic Waste Streams to Petrochemical Feedstocks
Developing Sustainable Feedstock for Petrochemicals
Developing Sustainable Feedstock for Petrochemicals (continued)

Growth Opportunity Universe

Growth Opportunity 1: Strategic Partnerships
Growth Opportunity 1: Strategic Partnerships (continued)
Growth Opportunity 2: Integrating Refineries
Growth Opportunity 2: Integrating Refineries (continued)
Growth Opportunity 3: Making Use of Alternate Feedstocks
Growth Opportunity 3: Making Use of Alternate Feedstocks (continued)
Growth Opportunity 4: Incentives to Accelerate Technological Advancement
Growth Opportunity 4: Incentives to Accelerate Technological Advancement (continued)
Growth Opportunity 5: Opportunities for Technology Providers
Growth Opportunity 5: Opportunities for Technology Providers (continued)