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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections