Refinery suppliers face tough times
Despite a handful of bright spots in hydroprocessing and petrochemical sectors, economic woes plague much of the refinery and petrochemical catalysts business, as suppliers are feeling the impact of mature markets and refiners` ongoing cost cutting. Industry experts say the doldrums could spur further restructuring in the catalyst business, with suppliers scrambling for market share and jockeying for position in growing sectors. Expect further consolidation over the next several years, says Pierre Bonnifay, president of IFP Enterprises (New York). {open_quotes}There are still too many players for the mature [refinery catalyst] markets.{close_quotes} Others agree. {open_quotes}Only about seven [or] eight major suppliers will survive,{close_quotes} says Robert Allsmiller, v.p./refinery and petrochemical catalysts at United Catalysts Inc. (UCI; Louisville, KY). {open_quotes}Who they [will be] is still up in the air.{close_quotes}
- OSTI ID:
- 525869
- Journal Information:
- Chemical Week, Journal Name: Chemical Week Journal Issue: 10 Vol. 159; ISSN CHWKA9; ISSN 0009-272X
- Country of Publication:
- United States
- Language:
- English
Similar Records
Degussa plans move in refinery markets
Refiners seek help to {open_quotes}think beyond conventional fuels{close_quotes}