Paraffinic Products
Why Mini Petroleum Refinery is needed in Global Market? Main Features Gasoline (America) or Mogas or petrol (Commonwealth nations) is a petroleum-derived liquid mixture which is primarily used as fuel in internal combustion engines. It is primarily used as a fuel for passenger vehicles. It is also used in utility vans off road, agricultural machinery and other internal combustion engines used in a variety of service applications. Gasoline is a complex mixture of relatively volatile hydrocarbons, ranging from C4 to C11, which vary widely in chemical and physical properties and are derived from the fractional distillation of crude oil in petroleum refineries by further treatment, mainly in terms to improve its octane. Small amounts of various additives are common, for purposes such as engine performance tuning or reduction of harmful exhaust emissions. Some mixtures also contain significant amounts of ethanol as a partial alternative fuel. The fuel is made by mixing together various refinery streams. The exact ratios depend on the oil refinery makes gasoline, crude oil feed used by the refinery and the quality of gasoline, in particular the octane number. Many countries have established strict standards for grades of gasoline. Heavy crude oil gives less gasoline and sulfur in them is high and contains very little sulfur gasoline. Gasoline is made from crude oil and its price shows a high correlation with oil prices. The correlation in 2008 is estimated to have been around 93%. Refineries around the world are interested in oil -Gasoline crack. This is the winning margin when refining crude oil into various products, especially gasoline. Crack margins worldwide vary from U.S. $ 414 barrel. Therefore, to lock in their margins, refineries in developed countries take positions in crude oil and gasoline derivative contracts simultaneously. Global Scenario Global demand for gasoline is estimated to average 20 million barrels a day. The United States is the largest consumer with an average consumption of about 8.9 million barrels per day in 2008, representing over 40% of global consumption. This was more than 9 million barrels per day in 2007. World production of gasoline was reported to be above 6.55 billion barrels in 2007. Globally, the production of gasoline accounted for over 23 % of the total production of refined products in 2007. Mix Aromatics Solvents
U.S. is the largest refiner of crude oil holding 20 % of the total global refining capacity of 87,700 kilos of barrels per calendar day , followed by China ( 8.9% ) , Former Soviet Union (8.8% ) , Japan ( 5.3% ) and India ( 4.1% ). However, the production of gasoline in any country depends on the type of economy that continues. For example, while the U.S. has adopted a gas -based economy, India is largely a diesel -based economy, leading to increased production and consumption of gasoline in the U.S. and high speed diesel (HSD) in India. Moreover, light sweet crude used by U.S. Produces more gasoline. Petrol World Markets Chicago Mercantile Exchange (CME), which has acquired New York Mercantile Exchange (NYMEX), derivatives market runs the world's most liquid gasoline. Other derivatives exchanges that offer this product are TOCOM, Japan and MCX India. What is the Importance of Mini Petroleum Refinery in Indian Market? Indian Scenario The growth of the Indian economy, increasing the income of the country's middle class has led to an increasing number of passenger vehicles and therefore, increased gasoline demand in India for the last 10 - 15. India's consumption of gasoline in 2008-09 is estimated at 82.5 million barrels in 2008-09, which is a strong 36% increase in consumption in 2004-05 of 60.5 million barrels. Gasoline production in India has shown a marked improvement in the past two decades supports the creation of new refineries and increased capacity utilization. Gasoline production has increased from 26 million barrels in 1990 / 91-117400000 barrels in 2008-09, marking an increase of 350 %. Gasoline exports from India have grown substantially, with his jump of 17.7 million barrels in 2005 to 0639100000 barrels in 2008-09, representing an increase of 120 %, exposure Indian refineries exporting to the high volatility of world prices. Most refineries in India are state-owned and have a policy of stable prices under government regulations. Major refineries include Indian Oil Corporation Ltd ( IOCL ) , Bharat Petroleum Corporation Ltd ( BPCL ) , Hindustan Petroleum Corporation Ltd ( HPLC ) and Reliance Industries Ltd (RIL ) . The RIL be a private actor exports most of its production of petroleum products. Oils & Allied Mixed Hydrocarbons Market Moving Factors Globally, gasoline prices are highly correlated with oil prices as the cost of gasoline production includes the cost of crude oil used plus the cost of refining, distribution, taxes and includes measures for environmental protection. It is estimated that oil constitutes only 70% of the price of gasoline.
Therefore, all the factors that influence oil prices have a profound influence on gas prices too. These factors include supply and demand, the global economic scenario, natural disasters, currency fluctuations, geopolitical tensions, interest rates, prices of other assets, commodities, etc. The scenario of supply and demand in the U.S. Is very important as the U.S. is the largest consumer, accounting for about 40 % of global consumption. Seasonal fluctuations seen in world prices of gasoline, such as increased driving and air travel is seen during the summer season in temperate , developed countries . This increase in demand is consistent with an increase in prices, provided that all other factors are held constant. However, refineries generally are well equipped to meet this growing demand. The storage also plays an important role in trade patterns and prices. When inventories are full, the availability of large amounts lowers the price. Conversely, when stocks are relatively low, prices tend to increase. Interruptions in production due to extreme weather conditions or other unforeseen events can lead to prices collected.
Arham Petrochem recognized mini petroleum refinery producing Heavy Aromatic Solvent and Mini Petroleum Refinery