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Axens Market Overview – 2020 edition 23.01.2020

What are the current and future trends in oil demand? What about the growing importance of petrochemicals? How to reduce our industry’s environmental footprint and meet he Paris Agreement objectives? Discover  the 2020 edition of Axens market overview, in an interview with Eric Benazzi, Axens Vice President Marketing and External Communication.
 

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Transcript

If you look at the current trend in oil demand, you see that it remains strong and it continues to shift from transportation fuels to petrochemicals. As a result, by 2030 one third of the global oil demand will be for petrochemicals.

Also, to meet this demand, Axens is continuously developing new schemes in order to convert an increasing share of crude oil into olefins and aromatics.

An outstanding example of this trend is the implementation of Axens technologies in the Hengli complex, in China.

Also, to address the growing impact of plastic waste on the environment, Axens is now involved in recycling processes for plastics, such as PET (Polyethylene Terephthalate).

For the longer-term, the global demand for refined products should peak in the 2030s, driven by engine efficiency gains and fossil fuels substitution.

That would be a very important step toward meeting the Paris Agreement objectives. But, it won’t be sufficient!

That’s why, in order to reduce our industry’s environmental footprint, we are focusing our efforts on 3 main areas: energy efficiency, biofuels production, and CO2 capture.

Let’s see.

Energy efficiency consists in improving existing or new industrial plants through energy audits, and thanks to the Axens CEED™ offer, including the implementation of High Energy Efficiency equipment and digitalization.

Then, advanced technologies for the biofuels production from non-food crops, such as Futurol™ technology, for cellulosic ethanol production, and our BioTfueL project for bio-diesel and bio-jet.

 

And finally, CO2 capture. Axens is involved in the “3D” project in Dunkirk, to demonstrate an innovative process, reducing by nearly 35% energy consumption of the capture process.

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