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 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.
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The global kerosene market was valued at around $149 billion in 2017. Asia Pacific was the largest geographic region accounting for around 36% of the global market. The USA was the largest country accounting for around 18% of the global kerosene market.
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The companies covered in the report are Royal Dutch Shell, Exxon Mobil Corporation, BP Plc, Chevron, and LUKOIL PJSC.
The countries covered are the USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The oil and gas market, of which the kerosene market is a segment, includes sales of oil and gas by entities (organizations, sole traders or partnerships) that undertake the exploration for, extraction, drilling, and refining, of oil and gas and some of its derivatives. This market does not include petrochemicals.
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The kerosene market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider oil and gas market and compares it with other markets.