Gasoline is a mixture of hydrocarbons derived from crude oil and is primarily used to run internal combustion engines in motorcycles, automobiles, and small trucks. Gasoline is a byproduct obtained from the crude oil refining.
The global gasoline market was valued at $2078.3 billion in 2017. Asia Pacific was the largest geographic region accounting for $681.6 billion or 32.8% of the global market. And the USA was the largest country accounting for $434.3 billion or 20.9% of the global gasoline market.
Refining companies are using heat-integrated crude oil distillation systems with latest optimization approach to minimize operating costs and maximize product yields. These systems use artificial neural networks from rigorous process simulation in the distillation process. i-Heat™ is the latest software tool from Process Integration Limited which is used for performance analysis and identifies where energy and capacity improvements can be made.
Companies Covered: Royal Dutch Shell, Exxon Mobil Corporation, BP Plc, Chevron, LUKOIL PJSC
Market Segments Included: Gasoline
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