The petrochemical industry is in the midst of exponential growth brought on by massive increases in domestic oil and gas production. Enormous investment in ethane cracking capacity from Dow, ExxonMobil, Chevron Philips, OxyChem-Mexichem and others will increase U.S. throughput by over 50% in the next few years. This new combination of raw materials and production facilities will push U.S. polyethylene production beyond domestic demand leading to enhanced export opportunities. Factor in the cost difference between North America’s ethane crackers and international reliance on naphtha crackers, and the potential for ethylene and polyethylene exports skyrocket. Put it all together and the petrochemical industry is seeing transformational change.
This course will give you a firm understanding of what is happening with oil and gas markets and the markets and trends in petrochemicals as well as a a thorough introduction to the petrochemical production process.
This class will follow the industry from oil and gas production, through the creation of feedstocks, making the primary petrochemicals, conversion to intermediates and derivative petrochemicals, and finally the processes for making end use products. Throughout the course we will keep topics at a fundamental level while applying just enough “chemistry” to understand how molecular conversions occur. We will discuss what is happening with oil and gas markets and the markets and trends in petrochemicals.
This course is designed for anyone who would benefit from a complete overview of the petrochemical industry. Those in oil, gas or refining will learn how those sectors provide the feedstocks for petrochemical production. Participants in the finished products side of the industry will learn how they are made and the markets they serve. You do not need a chemistry background prior to attending.
New employees, or those newly assigned to responsibilities in the various aspects of the petroleum and petrochemical industries would find this course very helpful in understanding how the raw material inputs (crude oil, natural gas, coal, biomass) are converted into intermediates which are then used to produce the vast array of products that come from hydrocarbons. People supplying equipment to the industry, as well as schedulers, traders, pipeline personnel, and those in upstream, midstream, marketing, tax, legal, and information yechnology would find the content beneficial.