Refining companies are using heat-integrated
crude oil distillation systems with latest optimization approach to minimize
operating costs and maximize product yields. These systems use artificial
neural networks from rigorous process simulation in the distillation process.
i-Heat™ is the latest software tool from Process Integration Limited which is
used for performance analysis and identifies where energy and capacity
improvements can be made.
THE BUSINESS
RESEARCH COMPANY VALUED THE GLOBAL KEROSENE MARKET AT $150
BILLION IN 2017
Asia Pacific was the largest geographic region
in the kerosene market, accounting for more than one-third of the market. The
USA was the largest country accounting for nearly one-fifth of the global
kerosene market.
Order the report at: https://www.thebusinessresearchcompany.com/report/kerosene-global-market-report-2018
The chart below shows the year-on-year growth
of the global kerosene industry market during 2017 – 2021: -
According to The Business
Research Company’s Consultant, Nitin Gianchandani, with increasing investments in digital technologies,
oil refineries are adopting big data analytics technologies to improve
performance and reduce costs. Big data is high-volume, high-velocity and
high-variety information asset used for enhanced insight and decision making.
For instance, a large refinery can have 100,000 distinct measurements and thus
an enormous amount of data can be gathered and transformed into business
knowledge to optimize production and maximize commercial potential.
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Royal Dutch Shell was the biggest player in the kerosene market,
with revenues exceeding $203.6 billion in 2016. Royal Dutch Shell’s prime strategy is to
overcome the losses occurred due to oil and gas market crash. Shell is also
looking into alternative green energy technologies by acquiring companies such
as Saft, and acquired stakes in Auto Grid, and SunPower.
The kerosene refining market engages in the
extraction of kerosene products from crude petroleum products. Kerosene is
derived from petroleum and is used to fuel rocket engines, lighting fuel, and
in industries such as chemicals and agriculture. It is also widely used as jet
fuel to power aircrafts.
Kerosene Global Market Report 2018 is a
detailed report giving a unique insight into this market. The report is priced
at $4000 for an individual user. To use across your office, the price is $6000
and $8000 if you wish to use across a multinational company.
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