overview of the shale gas boom and its impact on the...
TRANSCRIPT
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Mark Jones Executive External Strategy and
Communications Fellow The Dow Chemical Company
Overview of the Shale Gas Boom and its Impact on the Chemical Industry
7 March 2016
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Chemical Industry - Simplified
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Chemical Industry Key Concepts
•Capital
•Risk
•Scale
•Purity
•Commoditization
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Birth of Modern Chemicals
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Chemical Industry Snapshot
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Polyolefin Growth
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Our Previous Reality…..
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Ethylene Cumulative Supply - 2003
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Global Feedstock Slates Differ
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Shale Gas Growth
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Global Gas Price
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Growth in NGLs
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Rapid Change
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from disadvantagedto advantaged
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Live Long and Prosper
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Economic Impact of Shale Gas
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Industry Growth
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Exciting Times
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Energy Cost
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Falling Oil Prices
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NGLs Still Advantaged In The U.S.
US data
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Naphtha vs Ethane Cracking Comparison
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same amount of ethylene
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All Reaction Products Find Uses
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US Trend
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U.S. trend is toward
lighter gas cracking
and it is an old trend
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What’s Gone Away?
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C4
C5
C3
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PDH
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NGL Export
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Scale Always Wins
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If you are moving
mass and heat
around, and cost of
production is most
important, scale
always wins.
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Source of Confusion
A mixture containing a
valuable chemical is not
the same as a valuable
mixture of chemicals.
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Make The Cracker Better
Ethane Cracker Specific
Energy Consumption
Cryogenic Separations (large capital cost, energy intensive)
Cracking Furnaces
LHC-8 Freeport, TX Splitter column >200 ft tall
Membrane Separations
Adsorbent Separations
Energy Use Alternatives
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New Addition to Feedstock Slate
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Coal-to-Olefins
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Methanol-to-Olefins
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Announced Projects
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Shale is a fine-grained sedimentary rock that forms
from the compaction of silt and clay-size mineral
particles that we commonly call "mud".
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BP Statistical Review of World Energy 2015
© BP p.l.c. 2015
Distribution of proved gas reserves: 1994, 2004 and 2014 Percentage
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Methane
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Direct Methane Use
2008 industry data from BP and CMAI
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Long History
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Dr. Madan M. Bhasin
Retired Corporate Fellow
Currently:
Chief Scientific Adviser, Mid-Atlantic Technology, Research & Innovation Center
The Dow Chemical Company
Elected 2006
For the development of efficient catalysts for the production
of ethylene oxide and for contributions to the fundamental
understanding of catalysts.
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Activity Peaked and Fell
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Constraints
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Oxygen Storage Riser Idea
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• Solids density in riser
sets concentration of
“oxidant”
• Riser velocity sets
reaction time
• Reactor constrains both
capacity and rate
For it to work, must have oxygen capacity, rate
and regenerability.
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Methane
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Energy Cost
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Conventional Production
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Conventional VCM
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E2V
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Breakthrough
copper systems
Cu performance
dilute ethylene conditions
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Lanthanide Catalyst
not a redox metal!
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Options for Olefins
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Avoid syngas
Avoid intermediates (methane coupling)
Syngas / MeOH
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Experience From 2004
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The Dow Methane Challenge
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1991 Top 50 U.S. Chemical Companies
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1991 Top 50 U.S. Chemical Companies Today
updated from version shown in on 10 Sept 2015
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Chemical Industry Key Concepts
•Capital-don’t want to spend it
•Risk-won’t tolerate it
•Scale-economics demand it
•Purity-markets demand it
•Commoditization-avoid it
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