01 April 2012 01:50 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Larger supplies of shale gas are providing US refiners cost advantages for both energy and for hydrogen, a key raw material for making fuel products, the head of the American Fuel & Petrochemical Manufacturers (AFPM) said on Saturday.
Refineries, of course, consume large amounts of power, said Charles Drevna, Drevna, president of AFPM. He made his comments on the sidelines of the International Petrochemical Conference (IPC).
The advent of shale gas has increased US supplies of natural gas, causing prices to drop. That, in turn, has lowered the nation's energy costs, as many power plants rely on natural gas as a fuel.
However, natural gas is also a source for hydrogen, which is used in several refinery processes.
Among the refinery units, hydrocrackers are typically the largest hydrogen consumer, according to US-based catalyst producer UOP.
The IPC lasts through Tuesday.
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