Top 25 Technology Providers: Intro

Top 25 Technology Providers: Intro
Oil refinery at night
Published: 22 August 2019 - 6 a.m.
By: Martin Menachery
Worldwide, technology licensors have focussed on maximising plant profitability by optimising existing assets and enabling the use of cost-advantaged, abundant feedstocks for power, transportation and chemicals production. Process technology licensors are focused on extending the world’s resources by converting renewable feedstocks into fuels, chemicals and power; helping preserve the environment by removing contaminants such as sulphur, nitrogen and mercury, producing cleaner-burning fuels; and creating more efficient processes to produce important building blocks used for plastics, to mention few examples.

The demand for petrochemicals, including polyester and plastics, is on the rise, especially in the emerging markets; yet, the supply is limited by traditional feedstock availability. Innovative processes allow customers to utilise stable, low-cost alternative feedstocks to optimise petrochemicals production and meet the growing demands.

Technological advancements are reshaping the competitive landscape for the refining and petrochemical companies, creating a new era of growth, change and economic opportunity. The latest process technology innovations empower the refineries in meeting diesel demand in the developing economies, responding to sulphur reduction requirements, upgrading heavy fuel oil, and maximising profits from underutilised assets.

Innovation is a continuing process. And, downstream industry had been at the top of innovations during the last two centuries. The twenty-first century has kept this legacy in its all endeavours and has witnessed radical new directions in process technology development. The innovations in process technologies will be the most important influencer in the prosperity and growth of the refining and petrochemical industry, world over, in the future.

Digital transformation is driving the global downstream industry in the direction of a new era in operational excellence. The Middle East industry is also keeping pace with this new direction. Integration of operational technology with information technology has already offered new horizons of enhanced profitability to a large number of downstream industry players.

Considering the huge impact that advanced technologies have on the performance excellence of refining and petrochemical industry, Refining & Petrochemicals Middle East is unveiling the inaugural Top 25 Technology Providers’ listing, which will be updated every year. Companies included in this listing are placed in the alphabetical order.

We take this opportunity to thank all those who have cooperated in providing data for compiling this list. Congratulations to all the organisations that have been included in this year’s list!

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