The demand for catalysts is envisaged to rise significantly, triggered by International Maritime Organisation (IMO) 2020 regulations for sustainable environmental practices. Upward trend of the catalysts/additives industry is majorly driven by the petrochemical refining sector, fuel combustion processes in power generation and marine applications. The global catalyst market is flourishing with huge impetus from technological advancements, optimisation and increased efficiency in achieving operating goals. Catalysts/additives are used in combustion process of power generation, followed by rail locomotives, motor vehicles, gas pipeline compressors, Automobiles and Aviation industries. The catalysts bring economic benefits to the ship operators by handling the key issues namely fuel stability, fuel compatibility, low-temperature operability, lubricity improvement, combustion improvement, and corrosion protection.
Key drivers for global catalyst demand growth are upward trajectory of capacity additions trend in downstream, driven by demand for fuels and petrochemicals to enhance efficiency of downstream processes conversion level, yield of target products as per change of market dynamics, and better use of all sources and stringent environment and safety regulations worldwide both for fuel specifications and composition.
Supply and demand
This story is from the April 2020 edition of Maritime Gateway.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 2020 edition of Maritime Gateway.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Impact Of Covid-19 On Shipping And Logistics
Industry stalwarts discuss threadbare the prevailing logistics and supply chain scenario and issues in clearing cargo during the COVID-19 lockdown
TRADE RESUMES WITH CHINA
While India has allowed uninterrupted movement of imports into Nepal even during lockdown, China is reopening its borders as it emerges from the pandemic
LESS HUMAN INTENSIVE, MORE DATA DRIVEN
AI provides transformational opportunity for logistics industry by improving customer experience, operational efficiency, faster turnaround time and lower cost while ensuring security and transparency. Macro environment requires industry to transform to be less human intensive, agile and data driven, all of which can be accelerated by AI adoption, shares Gangadhar Gude, Founder & CEO, atai.ai
TRADE STUCK, ECONOMY SLOWS DOWN
Sri Lankan economy slows down as trade deficit widens and supply chain disrupts amidst lockdown
LENDING INTELLIGENCE TO SUPPLY CHAIN
If you’re shipping millions of dollars’ worth of pharmaceuticals, high-end electronics, expensive seafood, or precious metals, what would you be willing to pay for the ability to ‘ask’ your shipment where it is right now and whether it’s ok? What would you pay for a freight smart enough to raise an alarm before it spoils? Artificial Intelligence enables that and much more…
CONTAINER LINES SIGNAL ‘SOS'
As the per-unit cost of operations increases many lines are forced to blank sailings which has hit their bottom line real hard. The Government and Terminal Operators therefore need to actively consider reduction in Vessel Related Costs
IMO 2020 And The Covid-19 Curse
The COVID-19 outbreak has shaken and stirred the already volatile bunker market. While the refiners adjust their capacities and shipping lines choose their path to compliance, the market dynamics are yet to reach an equilibrium
Container Logistics Cost: Myth Vs Facts
India’s logistics cost is high and there are several elements in the logistics chain which add to the logistics cost. Sunil K. Vaswani, Executive Director, Container Shipping Lines Association (INDIA) brings to the fore some of them
Surviving The Covid-19
Vietnam’s border trade with China slowly resumes, but the road to recovery is expected to be slow and painful
MONGLA PORT ADDS MORE MUSCLE
Mongla Port is expanding its infrastructure and boosting connectivity to better handle the domestic exim traffic and transhipment of goods from India, Nepal and Bhutan
