Whether integrating refining and petrochemical business can provide opportunities for development of petrochemical industry in Serbia
Since the beginning of 90s of last century both the petroleum industry and petrochemical industry have operated in difficult circumstances. In particularly, margins of petroleum and petrochemical industry were exacerbated during global economic crisis in 2008-2009 years. At that time, as...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Association of Chemical Engineers of Serbia
2016-01-01
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| Series: | Hemijska Industrija |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0367-598X/2016/0367-598X1500037P.pdf |
| Summary: | Since the beginning of 90s of last century both the petroleum industry and
petrochemical industry have operated in difficult circumstances. In
particularly, margins of petroleum and petrochemical industry were
exacerbated during global economic crisis in 2008-2009 years. At that time,
as one option that could be the solution, the global analysts had started to
more intense investigate the benefits of Refining-Petrochemical Integration.
Shortly afterwards, more and more petroleum refineries and petrochemical
manufacturers began to see the future in this kind of operational,
managerial, marketing and commercial connection. This paper evaluates, in
particular, the achieved level of integration of refinery and petrochemical
businesses in Central and South-Eastern Europe. And specifically, the paper
identifies current capabilities and future chances of linking this kind of
integration between Serbian refining and petrochemical players. The viability
of integration between possible actors and benefits of every single
refining-petrochemical interface in Serbia depend on many factors, and
therefore each integrated system is unique and requires prior serious Cost
Benefit Analysis. |
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| ISSN: | 0367-598X 2217-7426 |