ABU DHABI (ICIS)--The conversion of heavier feedstock in the petrochemical sector will be essential to satisfy market needs and improve margins, an industry executive said on Monday.
"What we see in the future is that conversion will be essential, and the conversion of heavier feedstocks to produce both refined products as well as molecules and products for the petrochemical industry, said Frederic Girardier, regional sales manager for catalysts and absorbents at Axens
"For instance by converting heavier feedstock, having low value … will allow the petrochemical industry to satisfy the market needs and improve its margins,” Girardier said, speaking ahead of the Abu Dhabi International Downstream conference, organised by The World Refining Association.
According to Girardier, the petrochemical industry in the Middle East is set to grow further with major complexes set to come onstream in the coming years.
“In the petrochemical market, you have the creation of large integrated complexes and the production of aromatics, especially in Saudi Arabia for example where you’ve got the Rabigh, Jubail and Ras Tanura complexes which are going to be developed in the future,” he added.
The Sadara Chemical Company is on track to complete the construction of its aromatics facility in Jubail next year.
Axens is a provider of advanced technologies, catalysts and absorbers to the refining, petrochemical and gas industries.
The two-day conference ends on Tuesday.