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In petroleum refining, gasification is a process used to convert petroleum coke into value added products. Gasification is a commercially used manufacturing process to convert carbon containing materials such as coal, petroleum coke, biomass, or waste into synthesis gas. This synthesis gas is burned to produce electricity or processed to manufacture chemicals, fertilizers, liquid fuel, substitute natural gas (SNG), or hydrogen. Gasification consists of five discrete processes: drying, pyrolysis, combustion, cracking, and reduction. Pyrolysis is the process of heating raw biomass in the absence of air. This breaks it down into charcoal and various tar gasses and liquids. Cracking is the process of breaking down of complex molecules such as tar into lighter gases by exposure to heat. This process is utilized in the production of clean gas, which is compatible with an internal combustion engine. Reduction is the process of removal of oxygen atoms from combustion products of hydrocarbon molecules.

Gasification of petroleum coke provides certain advantages over other conventionally used combustion processes. It results in the production of fuel-rich gas instead of high temperature gas. The gasification process offers superior environmental performance. Most of the combustion processes using solid fuels produce solid residues such as slag and fly ash, which are hazardous in nature and have a contaminating effect on the environment. The heating value of petroleum coke is about 20% higher than that of conventionally used fuels such as coal. Coke also has low ash content compared to coal. These superior properties of petroleum coke over conventional fuels make gasification a useful process in the refining of petroleum. Gasification of petroleum coke is also an efficient and economic process, as petroleum coke is one of the low cost fossil fuels. Gasification of petroleum coke also offers refiners with a wide variety of products such as steam, hydrogen, electricity, chemicals, and liquid fuels. Rise in pressure to lower emission of pollutants and greenhouse gases is driving the usage of clean fuels. This is expected to boost the usage of the gasification process in petroleum coke refining. However, petroleum coke has certain drawbacks. Petroleum coke possesses high sulfur content, high vanadium content, and low reactivity.

Carbon dioxide is produced during gasification owing to the carbon content originally present in petroleum coke. Efforts are being made to capture and store this carbon dioxide, which is one of the gases contributing to the greenhouse effect.

Based on application, the petroleum coke gasification market can be segmented into chemicals and fertilizers, power generation, substitute natural gas, and oil refining. Petroleum coke gasification produces chemicals such as ammonia and urea. These are the major constituents of nitrogen-based fertilizers. Synthesis gas is produced during the gasification of petroleum coke. This gas is used to produce electricity with the help of turbines. The byproducts of the petroleum coke gasification process can also be used as substitute natural gases. One of the major components of the synthesis gas produced during gasification of petroleum coke is hydrogen, which is used to remove impurities from gasoline, diesel fuel, and jet fuel in order to produce clean fuels. The hydrogen and steam produced during petroleum coke gasification can be used to power oil refineries.

Based on the geography, the petroleum coke gasification market can be segmented into North America, Asia Pacific, Europe, and Rest of the World. The U.S. Government has imposed restrictions on the disposal of hazardous waste being generated by the combustion of conventional fuels such as coal. This is expected to augment the petroleum coke gasification market in North America during the forecast period.

Key players operating in the petroleum coke gasification market include General Electric (GE) Corporation, Royal Dutch Shell, Air Liquide, RWE Group, Siemens, CB&I, KBR Technology, and Synthesis Energy Systems Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Petroleum Coke Gasification Market

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