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Impact of the Next Capital Cycle On Global Chemical Markets
Can the new world order in energy and chemicals be sustained?
Petrochemical Technology Renaissance Seminar
Dates and Times:
Thursday, March 27, 4:00 pm – 6:00 pm Networking Reception - 6:30 pm - 7:30 pm
Friday, March 28, 8:00 am – 2:00 pm
Technology innovation has always been the solution to the petrochemical industry’s ever changing needs. However, in a mature industry such as petrochemicals, true innovation is harder and harder to come by.
With today’s feedstock slate consisting of a broad palette of materials including shale gas, NGL’s, petroleum, renewables and coal, petrochemical process technology is primed for a “renaissance”. Come join IHS experts and Technology Developers as we analyze and assess the latest in petrochemical technology innovation.
The IHS Chemical Technology Seminar will provide discussions and competitive analysis on the direction of fundamental research, and evolutionary and revolutionary technology developments.
Fee: US $850
Includes: Printed material, coffee break and luncheon.
Agenda:As of March 17, 2014
|4:00 pm - 4:15 pm|
Moderator: Jeffrey Plotkin, Ph.D., Vice President, Chemical Training & Education, IHS Chemical
|4:15 pm - 4:45 pm|
Direct Conversion of Methane to Ethylene
By using natural gas directly as a raw material for chemicals and fuels, Siluria’s OCM-based processes introduce a new feedstock flexibility option for global producers in the up-, mid- and down-stream sectors as well as the olefin arena. This presentation focuses on the direct production of ethylene from natural gas as a competitive alternative to traditional NGL and naphtha cracking.
Guido Radaelli, Vice President - Engineering, Siluria Technologies Inc.
Guido Radaelli, VP - Engineering, Siluria Technologies, Inc
|4:45 pm - 5:15 pm|
Synthesis Gas / Methanol to Olefins
Synthesis gas production capacity from coal gasification and natural gas reforming has risen sharply in recent years. While China has started several large coal/methanol to olefins projects, US is rapidly building up its methanol and olefins capacities based on natural gas. In the next ten years, the competition of these two feedstocks will reshape the global olefins market, and the comparative syngas production economics holds the key to determine the outcome of this competition. This study examines the recent advances in gasification and MTO/MTP (Methanol to Olefin / Propylene) technologies and presents comparative economics of syngas and olefins production from China coal vs. US shale.
R.J. Chang, Global Managing Director, Process Economics Program (PEP), IHS Chemical
|5:15 pm - 5:45 pm|
Transforming Low Value Carbon to Chemicals
Through its proprietary Ex-Situ Bioconversion (ESBC) process, Ciris Energy is successfully transforming low value carbon, including coal, into high value chemicals. Ciris’ CEO, Greg Jenkins, will review the company’s rapid recent technological advances in ESBC and will discuss how ESBC’s low cost feedstock advantage positions it as a game changing technology.
Greg Jenkins, CEO, Ciris Energy, Inc.
|5:45 pm - 6:15 pm|
C5 Olefin Conversion
Built on the well-proven Lummus Olefins Conversion Technology involving the metathesis of ethylene and butenes to make propylene, CB&I now introduces the metathesis of C5 olefins with ethylene. This new technology development provides alternate processing for both refinery and cracker based C5s, removing them from lower cost gasoline pools and steam cracker feed and upgrading them to polymer grade propylene. At a time when propylene production is falling in the wave of increased ethane cracking, C5 Olefins Conversion offers a profitable, economic and energy conscious route to on-purpose propylene production, generating net margin increases of up to 20% over current C5 processing options.
|6:15 pm -||Networking Reception|
|8:00 am - 8:15 am|
|8:15 am - 8:45 am|
Direct Conversion of Propane to Propylene
Jeffrey H. Sherman Ph.D., President, Reaction 35, LLC.
|8:45 am - 9:15 am|
Alternative Routes to MEG: the Many “Colors” of Technology
Global mono ethylene glycol (MEG) demand was 23 million metric in 2013 with a forecast growth rate well above GDP. Correspondingly, MEG producers have relied on technology innovations to allow then to be more aligned with their own markets including the ability to use alternative low cost feedstocks, minimize co-product glycols manufacture and/or manufacture “green” MEG precursor material for “green” PET bottle resins. This paper discusses the process technologies, and capital and operating economics associated with such innovations including conventional, high MEG efficiency, coal- and biomass-based MEG technologies.
Don Bari, VP, Chemicals Technology & Analytics, IHS Chemical
|9:15 am - 9:45 am|
Bio-based Technology Developments to PET – Biobased PX
Partially bio-based PET (30% bio-content) has been successful in the marketplace, most notably in North America with Coca-Cola’s Plantbottle packaging for Dasani water. In this session, Kieran Furlong, Director Chemicals Business Development at Virent, will discuss their technology for the production of 100% bio-based PX which will enable a fully bio-based PET. Virent has demonstrated its novel BioForming technology for aromatics on a wide variety of feedstocks including conventional sugars, ligno-cellulosic hydrolyzates and ethanol. Kieran will address scaling –up the technology and the challenges and opportunities this presents.
Kieran Furlong, Director, Chemicals Business Development, Virent, Inc.
|9:45 am - 10:15 am|
Global Capital Investment and Cost Escalation Outlook
Russell Heinen, Senior Director, Technology & Analytics Group, IHS Chemical
|10:15 am - 10:45 am||Refreshment and Networking Break|
|10:45 am - 11:15 am|
Direct Conversion of NGL to Aromatics
Cyclar is a commercially-proven process for converting propane to and butane into benzene, toluene and mixed xylenes, which can then be further processed in an aromatics complex to produce the building blocks for hundreds of thousands of everyday products, such as water bottles, tires and polyester. A significant quantity of by-product chemical grade hydrogen can also be recovered from the process. The recent development of lower cost NGLs has renewed a string interest in the process.
|11:15 am - 11:45 am|
Developing “Bankable” Technology Feasibility Evaluations (Case Study: New Routes to Butadiene)
Making the right decision regarding technology selection is critical when selecting from among non-commercialized, unproven technologies. Bio-technologies especially carry higher risk than conventional petrochemical development. What are the risks associated with technology selection and how can they be mitigated? Even so called more mature technology may have medium to high risk; good chemical process engineering and project development fundamentals are critical for ultimate success.
Edward Glatzer, Managing Director, Technology & Analytics, IHS Chemical
|11:45 pm - 12:00 pm||Closing Remarks|
|12:00 pm - 2:00 pm||Luncheon and Seminar adjourns|