US petrochemical sector growth in 2022

Rising demand for plastics and resins has boosted ethylene and propylene manufacturing, leading the sector to generate the highest revenue since 2014, at about $80 billion. In the context of maximum demand, Sarnes, which has been a major player in recent years in developing many petrochemical projects around the world, points out the importance of renovating and developing petrochemical plants to ensure their maximum performance. The company recently executed a renovation project in Texas, US, along with Optimized Process Designs (OPD) for the construction of three towers and five Power Distribution Centers (PDCs).

The petrochemicals sector in North America will continue its growth trajectory thanks to the increase in demand for plastics and resins in recent months. Thus, the sector’s ethylene and propylene production closed the year predictably with growth of 30% and the highest annual revenue since 2018, with an expected close to $80 billion.

The drive also comes at a time of peak demand, as companies in the sector are forced to explore new ways to reduce greenhouse gas emissions generated while manufacturing their derivatives as a way to get to net zero by 2050, an effort that, according to BloombergNEF, could require investment. Worth $759 billion worldwide to refurbish factories.

Sarnes, a world leader in heavy lifting, engineering transportation and crane rental, and a major player in the development and construction of numerous petrochemical projects around the world, recalled the importance of renovating and upgrading the plants of the 64 companies currently operating in the region. The United States of America to ensure its ability to deal with the growing demand for plastics and their derivatives, and at the same time, to meet the challenges of gradually reducing emissions to net zero in just three decades.

In this regard, Sarens is already working with US petrochemical market leaders such as OPD to build and upgrade new plants. Recently, the two companies worked together on a project in Texas, in which Sarens contributed to the construction of three towers thanks to the use of two CC6800 and CC1400 crane units, as well as Rough Terrain and Crawler cranes to develop the project.

During these works, Sarens strategically organized major vessels to lift from one site, capturing 5 PDCs using 12 Lines of Self Propelled Modular Transporters (SPMT), which were also used to move various elements on site as needed.

For years, Sarnes has led numerous projects aimed at advancing the petrochemical sector in the United States. An example is the construction and improvement work at the Corpus Christi (Texas) refinery, which was carried out in collaboration with Kellogg, Brown & Root (KBR). Previously, this company carried out transportation of an 81-meter propylene correction tower in San Leon, Texas, using K-25 trailers.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/25112022/growth-for-the-us-petrochemical-sector-in-2022/

Leave a Reply

%d bloggers like this: