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Course Contents
Refining and Feedstocks
Crude oil, refined products, alternative uses for naphtha, the role of gasoline, LPG as a fuel and feedstock, natural gas and the vailability to ethane
Integration of feedstocks with the refinery
Product values and pricing
Petrochemcial Economics
Cost structure, variable and fixed cost build-up, the factors affecting price, cost plus, added value and alternative value basis for pricing, experience curves
Olefins Technology
Process descriptions, flow schemes and products
The refinery as a source of olefins, propanedehydrogenation, and metathesis as alternative sources of propylene
Butadiene extraction
Partial and full hydrogenation of mixed C<sub>4</sub> stream
Benzene and higher aromatics from pyroluysis gasoline
Olefin Markets
Ethylene, propylene, butadiene, raffinate-1 and other co-products
Relative growth rates
Historical and regional supply/demand trends
The problem of co-product supply
Olefin Economics
The choice of feedstock, effect of feedstock on co-product yields, relative feedstock economics
Regional economics and the importance of low value feedstocks
Olefin Pricing
Pricing strategy, margins, price mechanisms, price formulae, price ratios, external references with particular reference to ethylene and propylene pricing
Aromatics from Olefin Production
Aromatics from pyrolysis gasoline
Extraction and dealkylation
Alternative sources of aromatics
Benzene and higher aromatics markets
Valuation of aromatics
Markets and Economics of Olefin Derivatives
Production and markets for ethylene, propylene, butadiene and benzenederivatives
Production costs and dependence on ethylene costs
The importance of integration
Olefin and Derivatives Trade
The deep sea trade in olefins
Olefin derivative trade
Test Case
There will be an interactive case study on olefin marketing
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