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IHS Chemicals Training- Mastering the Petrochemical Industry

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Language: en

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all right we're gonna need a little
00:00:14.930 00:00:14.940 energy to get through a whole day of
00:00:16.129 00:00:16.139 this stuff believe me
00:00:17.990 00:00:18.000 welcome to petrochemical industry
00:00:21.320 00:00:21.330 fundamentals or what I like to say
00:00:22.880 00:00:22.890 everything you wanted to know about the
00:00:24.109 00:00:24.119 chemical industry but we're afraid to
00:00:25.460 00:00:25.470 ask
00:00:31.300 00:00:31.310 the term petrochemical actually started
00:00:34.250 00:00:34.260 up back in the 20s and 30s as we were
00:00:37.580 00:00:37.590 developing our refining industry to make
00:00:39.740 00:00:39.750 more and more gasoline for the
00:00:41.090 00:00:41.100 automobile industry and the demand is
00:00:43.910 00:00:43.920 driven by plastics probably the biggest
00:00:46.070 00:00:46.080 piece of the business but also by
00:00:47.750 00:00:47.760 synthetic rubber which we call
00:00:49.130 00:00:49.140 elastomers and also the fibers business
00:00:51.950 00:00:51.960 so what do I mean by the seven basic
00:00:54.229 00:00:54.239 building blocks well each pillar is a
00:00:57.979 00:00:57.989 building block so if we start with one
00:00:59.960 00:00:59.970 carbon we call that building block
00:01:01.760 00:01:01.770 synthesis gas or shorthand we call it
00:01:04.969 00:01:04.979 sin gas which is carbon monoxide and
00:01:06.950 00:01:06.960 hydrogen we're not going to really spend
00:01:08.480 00:01:08.490 time on that today okay but that's good
00:01:10.910 00:01:10.920 that would get us into the methanol and
00:01:12.320 00:01:12.330 ammonia business then we have the so
00:01:14.780 00:01:14.790 called olefins okay ethylene is the
00:01:18.170 00:01:18.180 biggest of the building blocks two
00:01:19.700 00:01:19.710 carbons propylene three carbons and then
00:01:22.910 00:01:22.920 we have actually four c4 olefins with
00:01:26.120 00:01:26.130 butadiene perhaps being the most
00:01:27.620 00:01:27.630 valuable and then the other side of the
00:01:30.529 00:01:30.539 structure are the so called aromatics
00:01:32.719 00:01:32.729 right benzene six carbons toluene seven
00:01:36.649 00:01:36.659 carbons xylenes eight carbons what are
00:01:41.330 00:01:41.340 the raw materials for petrochemical
00:01:43.520 00:01:43.530 production how our petrochemical
00:01:46.250 00:01:46.260 feedstocks produce and most importantly
00:01:49.390 00:01:49.400 how do we value them this is not an
00:01:52.910 00:01:52.920 academic course this is a course about
00:01:55.370 00:01:55.380 the business of petrochemicals so I
00:01:57.649 00:01:57.659 think about feedstocks as essentially
00:02:00.850 00:02:00.860 the paint for the petrochemical industry
00:02:03.410 00:02:03.420 and if you think about it all of these
00:02:07.550 00:02:07.560 feedstocks are already currently used by
00:02:12.650 00:02:12.660 the petrochemical industry every single
00:02:14.870 00:02:14.880 one of these feedstocks however some are
00:02:17.780 00:02:17.790 used a lot more than others
00:02:19.940 00:02:19.950 okay and that's where we're gonna focus
00:03:07.300 00:03:07.310 you

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