The latest report titled “Propylene Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Propylene.
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 Propylene production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Propylene Production Process:
1. Propylene Production From Natural gas: This report presents the detailed production methodology and cost analysis of Propylene industrial production across Propylene manufacturing plants. Natural gas produces propylene in a two-step process. The first step is the conversion of methanol to dimethyl ether and water with some amount of methanol as a side product. The end step is the conversion of dimethyl ether to propylene with a few side products.
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2. Propylene Production From Fluidized Bed Catalytic Reactor: This report provides the thorough economics of Propylene industrial production across Propylene manufacturing plants. A Fluidized bed catalytic reactor uses a catalyst to convert low-quality feedstock into propylene and ethylene.
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3.Propylene Production From Ethylene and 2-Butenes: This report presents the extensive cost requirement of Propylene industrial production across Propylene manufacturing plants. A bed metathesis reactor uses ethylene and 2-butenes in the presence of an appropriate catalyst to produce propylene. This reaction also isomerizes butene to 2-butene.
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Product Definition:
The organic molecule propylene, commonly referred to as propene, has the chemical formula C3H6. At ambient pressure and temperature, it is an odourless gas. One of the most significant building elements in the petrochemical industry, propylene has a number of distinguishing characteristics.
Due to its high reactivity, propylene is capable of a wide range of chemical processes, including addition, oxidation, and polymerization. Because of its reactivity, it is a flexible compound that can be used to create a variety of chemicals and materials. Additionally, the low boiling point and high vapour pressure of propylene make it simple to handle and transport. It serves as a feedstock for the manufacture of several goods, including fuels, synthetic fibres, polymers, and solvents. In addition, propylene is a combustible gas that can combine explosively with air. Propylene must be handled and stored safely at all times.
Market Drivers:
The first main driver is the rising need for polypropylene, a polymer made from propylene. Numerous industries, including packaging, automotive, textiles, and construction, use polypropylene extensively. The demand for propylene is fueled by the expansion of these industries, especially in emerging economies. Second, the market for propylene is significantly influenced by the petrochemical sector.
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Propylene is a crucial raw material for the synthesis of chemicals like polyols, acrylic acid, and propylene oxide, which are used to make a variety of goods like plastics, coatings, adhesives, and foams. The need for propylene is fueled by the growing petrochemical sector, which is fueled by industrialization and urbanization.
The manufacture of car parts, such as bumpers, dashboards, and interior trim, uses propylene. The need for plastics and polymers based on propylene is driven by the rising worldwide vehicle production as well as the requirement for lightweight and fuel-efficient materials.
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