Hydrocarbon Solvents Companies play a vital role in various industries, including paints and coatings, cleaning, and pharmaceuticals. These companies produce a range of solvents derived from hydrocarbons, serving as essential components in formulations
February 2023
Honeywell announced that it has been chosen to conduct a prefeed engineering study for an Advanced Solvent Carbon Capture (ASCC) modular demonstration unit, which will be used to assess carbon dioxide (CO2) capture from Ecopetrol Fluid Catalytic Cracking (FCC) units. Ecopetrol S.A. (Ecopetrol) is the largest company in Colombia and one of the major diversified energy companies on the American continent.
Because post-combustion flue gases naturally have low CO2 concentrations and low pressures, they are more difficult to treat. Honeywell UOP's ASCC technology is made to capture CO2 from these gases. CO2 is absorbed into an amine solvent during the ASCC process. After that, it is sent to a stripper, where it is extracted from the solvent and moved to a geological storage or use location. With over 95% CO2 capture, Honeywell's Advanced Solvent Carbon Capture technology is especially made for post-combustion flue gas applications. This technology can be added to a new installation or retrofitted into an existing plant.
August 2023
By the end of August of this year, a US$1.98 billion oil refinery facility in Tema, Ghana, is expected to be operational.
The Sentuo Group's most recent investment, the refinery, is anticipated to yield five million metric tonnes of petroleum products, such as fuel oil, diesel, petrol and liquified petroleum gas (LPG).
In addition, 350,000 tonnes of pitch products, 200,000 tonnes of lubricating base oil, 200,000 tonnes of solvent naphtha, and 400,000 tonnes of by-products like polypropylene, ammonium sulphate, sulfuric acid, and sulphur are anticipated to be produced by the refinery.
By the end of 2023, Ghana, one of the hydrocarbon markets in Africa with the fastest rate of growth, hopes to double its output.
Key Companies in the hydrocarbon solvents market include
Hydrocarbon Solvents Market Highlights:
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