In this list
Coal | Energy Transition | Oil | Petrochemicals

APPEC: Technology, investment key for energy transition in oil-to-chemicals segment

Commodities | Electric Power | Electricity | Energy | Nuclear | Energy Transition | Renewables | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products

Market Movers Europe, Nov 29-Dec 3: Oil slumps on COVID-19 concerns as travel restrictions announced

Energy | Oil | Crude Oil

Platts Crude Oil Marketwire

Metals | Coronavirus | Steel

16th Steel Markets Asia Conference

Agriculture | Grains

BRAZIL CORN WATCH: Weekly prices rise after 8 weeks on weak real, weather concerns

Energy | Oil

Fuel for Thought: OPEC+ to set tone for 2022 with response to US oil release, COVID-19 variant

APPEC: Technology, investment key for energy transition in oil-to-chemicals segment


Carbon-neutral feedstocks salient to petrochemicals

Participation of integrated companies important in recycling

New technology, sustainable development and investment in products and assets will play a significant role in energy transition in crude oil-to-chemicals manufacturing, industry participants said at the S&P Global Platts Asia Pacific Petroleum Conference, or Platts APPEC, Sept. 28.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The energy market has been transitioning towards lower emissions and adapting the "energy transition" -- a transformation of the global energy sector from fossil-based systems of energy production and consumption to renewable energy sources.

While the transitioning is picking up, the market for plastics -- made from oil and gas -- is positive and the industry will grow, leading to emphasis on the petrochemicals sector in the future, said Mathew George, General Manager (Corporate Planning), Indian Oil Corporation Ltd.

Adoption of technologies, selective investment and upgrading of products, upgrading of key refining assets will play a major role in the feedstock-to-products in the petrochemicals sector, George said.

Use of carbon-neutral feedstocks is another important aspect in the oil-to-chemicals sphere, said Andreas Schwingshackl, Senior Vice President Supply & Optimization, OMV Downstream GmbH.

"Plastics and chemicals are likely to stay but we have to see what the feedstock is," Schwingshackl said.

An important aspect of the transition is recycling of plastics and chemicals, participants also said.

Igniting the spark of energy transition | S&P Global Platts Special Report

For recycling, integration is important and enhanced participation of integrated companies can bring economic advantages in logistics and collection of waste material, among other things, Schwingshackl said.

While Europe is ahead in terms of norms on recycled plastics and its execution, India is also on the path to this transition, especially in PET bottles, industry leaders said.

In India, there needs to be adoption of "some scale" into recycling and the recycling of polymers of low microns needs legislative enforcement, according to Rajesh Rawat, Senior Vice President, Head Cracker Business, Reliance Industries.

While the energy transition is bound to happen, the major challenge with integrated refineries is to optimize a wide set of feedstock on the crude side to get a wide set of petrochemicals, he said.

Adaptation to processes leading carbon neutrality by refineries will be important with a view to sustainability, the participants said.

Click here for our complete APPEC 2021 coverage