Adptation des schémas de raffinage à la future demande - Eric Benazzi Vice-President Marketing & External Communications - Fondation Tuck
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Adptation des schémas de raffinage à la future demande Eric Benazzi Vice-President Marketing & External Communications 1
Axens Group in Brief 5 markets Alternatives covered Refining Petrochemicals Gases & Renewables Water over over 2,900 under license industrial units 2,000 Process furnaces kg 60,000 catalysts tons of and adsorbents produced each year over 500 Modular units completed by Catalysts Regeneration Services Offices in Axens was created in 2001 through the merger 15 different countries of Procatalyse with the Technology Licensing & all over the world Service Division of IFP Energies nouvelles. In 2017, Axens successfully acquired more than 9 Production 95% of Heurtey Petrochem (including its fully owned subsidiary, Prosernat) and integrated Sites 50% of Eurecat. IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 2
Axens Group: A Complete Range of Solutions 1 FROM DESIGN TO CONSTRUCTION 2 PLANT START-UP C T S S P S S H H H H H Technical License & Equipment Unit and equipment First loads of Training for Unit start-up & consulting Basic supply commissioning catalysts and/or operators performance check Engineering adsorbents (test-run) H H S S C T P S S P H H H Detailed Construction Fabrication New equipment Follow-up Energy & water Unit Re-loads of Refresher Advanced Product life-cycle Engineering of furnaces & supply & assistance audits revamping catalysts and/or training for software & management modular units adsorbents operators applications 3 OPERATION SUPPORT THROUGHOUT THE LIFE-CYCLE OF THE PLANT P Products T Technologies C Consulting services S Support to Operations H Outside Petrochem Heurtey Axens perimeter & Prosernat 3
Challenges for Refiners Population & Economic Sustainable Growth Growth Air Pollution Climate Change & Better Quality Energy Transition of Life IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 4
Challenges for Refiners Population & Economic Sustainable Growth Growth Changing Trend in Fuel Mix 1 (Gasoline over Diesel) Air Pollution 2 More stringent specifications on on-road fuels & Bunker fuels Climate Change & Better Quality Energy Transition of Life IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 5
Marine Fuel Challenges Marine Fuel Sulfur Specification Change by 2020 (IMO) Sulfur Content 5% 4% 3.5% 3% Global 2% 1% 0.5% ECAS ECAS Possible ECAS Source: IMO 2000 2005 2010 2015 2020 2025 Source: IMO Further Reduction of NOx, PM and other Pollutants Emission Limits? What are the Options? IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 6
Marine Fuel Outlook by Type AVERAGED DEMAND FORECASTS (Mbpd) 6 0.4 ~2 Mbpd of HSFO to 0.2 5 0.1 be replaced by 2020 1.5 A sizeable amount 4 2.6 3.1 of MGO will be 0.1 LNG required 3 Distillates LSFO (
Refiners’ Strategies to address IMO 2020 Technically feasible routes Ways for a Refiner to respond to the IMO 2020 regulations: • Crude Selection › Sweet crudes if technically possible and financially viable • Technology Investment to produce LSFO (
Crude Quality ATMOSPHERIC & VACUUM RESIDUES SULFUR CONTENT Wt% 7 FO 0.5%S (wt) Desulphurization Technology or Scrubbers 6 Straight Run Fuel Oil at 0.5%S (wt) 5 4 3 Atmospheric Residue 2 Vacuum Residue 1 0 Source: Axens and other sources IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 9
Refiners’ Strategies to address IMO 2020 Technically feasible routes Ways for a Refiner to respond to the IMO 2020 regulations: • Crude Selection › Sweet crudes if technically possible and financially viable • Technology Investment to produce LSFO (
Technology Investment as 2020 IMO Solution Several proven technologies in the market Conversion (%) 100 90 80 Conversion Route : EB / Slurry / Coker 70 Fixed Bed + RFCC Route 60 (ARDS/VRDS + RFCC) SDA route + 50 optional HDT 40 30 20 Fixed Bed Route (ARDS/VRDS) 10 0 CAPEX IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 11
Carbon Rejection Pathway: Industrial Reference European refinery MHC in operation since 2Q 2016 FCC refinery scheme Axens selected after long Varying crude basket duration pilot test confirming estimates of >55%wt conversion VGO Excellent product quality FCC VDU AR Gas HVGO Naphtha DAO Diesel MHC 100% 48% DAO / DAO 52% SRVGO VR UCO to FCC or 0.5%S SDA Bunker Fuel Pitch IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 12
Technology Investment as 2020 IMO Solution Challenges in implementation Marine Fuels: not the priority product for many refineries New residue conversion / HDT unit: US$200 – 600 million Install/expand SRU or H2 production unit: US$20-50 mil. Typical refinery project design & construction timeline: 4-7 yrs Typical refinery project profitability timelines: 15-20 yrs What price for LSFO?… and for how long? Focus on clean fuels & petchem feeds is a more secure strategy for refiners IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 13
Challenges for Refiners Population & Economic Sustainable Growth Growth Energy: lighting, heating,4cooking food Mobility Air Pollution Materials goods 3 Petrochemicals production Climate Change & Better Quality Energy Transition of Life IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 14
Strong Petrochemicals Demand MARKET DRIVERS GROWTH (Base 100: Year 2010) Index AAGR 2016-2025 190 Petrochemicals* 180 +4.0%/y *Ethylene, Propylene, Butadiene, BTX, Methanol 170 $ 160 GDP 150 +3.7%/y 140 Oil Demand 130 +1.2%/y 120 110 Population 100 +1.0%/y Source: World Bank, CEH, Various sources (2017) IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 15
Crude to Chemicals Maximize Paraxylene Production - Grassroot High VR content crude mixture: LN 60% Arabian Heavy AGO Diesel Isomerization 30% Arabian medium 10% Marlim ADU HCK 20 MTA HN GO Aromatic VGO SR VGO 9 MTA Complex HCK VDU AR KERO Kero Pool VR Ebullated VGO Bunker bed HCK Fuel DIESEL Diesel Pool Full Conversion HCK UCO Group III Lube UCO Complex DAO All fuels meet Euro V Solvent Deasphalting PITCH specification Gasification Pitch IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 16
Crude to Chemicals Maximize Olefins Production - Revamp HGO Middle Distillate High VR content HCK LPG ME crude mixture: 32.3 °API ADU 2.2 wt% S MHC Propylene Gasoline VDU AR VGO LCO RFCC Middle Slurry Distillates VR RHDS LSFO HSFO Existing Units Bitumen IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 17
Crude to Chemicals Maximize Olefins Production - Revamp HGO Middle Distillate High VR content HCK LPG ME crude mixture: 32.3 °API x2.2 ADU 2.2 wt% S MHC Propylene x3.6 Gasoline VDU AR VGO LCO = RFCC Middle Slurry Distillates VR = VRDS HS LCO FCC ARDS Slurry LSFO HSFO Existing Units New units Bitumen IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 18
Challenges for Refiners Population & Economic Sustainable Growth Growth 4 Transport: more efficient engines, low carbon energy, Biofuels 5 Industry: energy efficient processes Air Pollution Climate Change & Better Quality Energy Transition of Life IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 19
Biofuel Markets Dynamics 2005 – 2014: Strong development Controversies regarding sustainability & food vs. fuels concerns policy debates Investments decreased Production growth slowed (+2% in 2016, +1% in 2017) 2016: 4 % of road fuel demand USA + Brazil ~ 70% of current production Still #1 strategy to reduce transport CO2 emissions (Paris Agreement) IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 20
Ethanol Value Chain – Axens’ Portfolio Isobutenes 1G FERMENTATION ETBE ETHERIFICATION Sugars Octane Booster for Gasoline Pool Ethanol Futurol™ Atol™ ENZYMATIC CONVERSION ALCOHOL TO OLEFINS Lignocellulosic 2nd Generation Technology: Ethylene Biomass › Inedible feedstock › Lower feedstock price BioButterfly™ Project › Opportunity to rise 1G production ALCOHOL TO OLEFINS (whole plant vs. free sugars/starch) Butadiene ? IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 21
Zoom on Futurol Technologies™ Lignocellulosic 4 PRODUCTS RECOVERY Biomass 1 PRETREATMENT › Energy and process integration: › Regularity › Self-sufficiency › Standardization step › Water/stillage direct recycle › Low moisture › High C5 sugars yield and cellulose digestibility Ethanol 2 BIOCATALYSTS PRODUCTION HYDROLYSIS & › On-site production 3 FERMENTATION › Tailor-made enzymes/yeasts › High resistance to inhibitors › One-pot process › Fully adapted to substrate › CAPEX and OPEX minimization › Full C5 and C6 sugars conversion › High ethanol yield and content Hemicellulose Lignin Cellulose IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 22
Thank you! And see you on Axens’ Blog axens.net/blog IDées - Ecosystèmes et chaines de valeur pour les carburants de demain, 18 Juin 2018 - Axens 23
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