The latest report titled “Ethylene Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Ethylene.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Ethylene production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Ethylene Production Process:
1. Ethylene Production Cost From Steam Cracking: This report presents the detailed production methodology and cost analysis of ethylene industrial production across ethylene manufacturing plants. This procedure involves heating ethane at 750-950 degrees Celsius. Due to this, large hydrocarbons are converted into lower hydrocarbons causing unsaturation. Hence, ethylene is obtained.
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Product Definition:
Ethylene, also referred to as ethene, is a hydrocarbon that is classified as an alkene. It is considered the simplest organic compound that contains a carbon-carbon double bond. Its molecular formula is H2C=CH2, and it is known as ethane according to the IUPAC nomenclature. Ethylene is a colourless, flammable gas that has a sweet taste as well as smell. Its molecular weight is approximately 28.05 g/mol. Moreover, it also plays a significant role in plant physiology. As a natural hormone, it regulates various processes, such as promoting fruit ripening, inhibiting growth, and promoting leaf fall. Its importance in the chemical industry cannot be overstated, as it is widely used as an intermediate in the production of various organic chemicals. Overall, Ethylene’s wide range of applications and unique properties make it an essential compound in many industries.
Market Drivers:
Ethylene is a colourless, highly flammable gas that plays a crucial role in the chemical manufacturing industry. It is utilized on a large scale for ripening fruits. It is also used in manufacturing polyethylene. Polyethylene is preferred for its flexibility, durability, lightweight nature, and moisture resistance, making it ideal for various industrial applications. Some of the most common uses of Polyethylene include food and beverage packaging, grocery bags, toys, cable insulation, squeeze bottles, and housewares. Besides this, it is also used in petrochemical industries as a refrigerant and a fuel gas in welding and cutting processes. The demand for Ethylene is primarily driven by the synthesis of Polyethylene and the production of Ethylene Oxide as a reactant to yield ethanol amines and (mono) ethanol glycol.
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