16 November 2009 13:20 [Source: ICIS news]
MUMBAI (ICIS news)--Newer technologies such as methanol-to-olefins and coal-to-olefins could become viable options for petrochemical production to reduce dependence on crude oil, a senior industry executive said on Monday.
“For countries like China, which has an abundance of coal reserves and methanol plants and low reserves of crude, it would make a lot of sense to monetise these low-cost routes to petrochemical production,” said Rajeev Gautam, president and CEO of process technology provider UOP.
Gautam was speaking at the Indian Petrochem 2009 conference being held in ?xml:namespace>
The coal-to-olefins process could yield $250 (€168) of revenue per tonne of coal consumed, which made it a very lucrative route, according to Gautam.
“Energy and feedstock efficiency are key to the long-term profitability of the petrochemical industry,” Gautam said.
The two-day conference ends on 17 November.
($1 = €0.67)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections