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According to Technavio’s analyst, the global petcoke gasification market is anticipated to grow rapidly and post a CAGR of close to 17% during the forecast period. The increasing refinery margins will drive the growth prospects for the global petcoke gasification market until the end of 2021. It has been observed that the refining of lighter crude oil produces less petcoke, while the refining of heavier crude oil produces a higher amount of petcoke. Also, several refiners invest in technological advancements to convert petcoke into useful products to increase their bottom-of-the-barrel margins. Consequently, the demand for petcoke gasification process to convert low-grade carbon residues to high-grade petroleum product increases. Moreover, benefits of gasification process such as the production of power, oxygen, steam, and nitrogen for refinery use, the production of hydrogen for the manufacture of light refinery products, and the reduction of emissions, waste, and more power generation, will further fuel the market’s growth in the coming years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Tags: carbon sequestration, clean fuel, oil and gas companies, oil and gas industry, oil and gas market trends, energy market analysis,
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