Use Of Heat-Integrated Crude Oil Distillation Systems To Aid The Growth Of The Global Gasoline Market

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.

Gasoline is a mixture of hydrocarbons derived from crude oil and is primarily used to run internal combustion engines in motorcycles, automobiles, and small trucks. Gasoline is a byproduct obtained from the crude oil refining.

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The global gasoline market was valued at around $2 trillion in 2017. Asia Pacific was the largest geographic region accounting for around 32% of the global market. USA was the largest country accounting for around 21% of the global gasoline market.

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The companies covered are Royal Dutch Shell, Exxon Mobil Corporation, BP Plc, Chevron, and LUKOIL PJSC.

The countries covered are 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 gasoline 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 gasoline 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.

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