Petroleum Coke Gasification Market Size – Growth, Latest Trend & Forecast 2025

"The Latest Research Report Petroleum Coke Gasification Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

In petroleum refining, gasification is a process used to convert petroleum coke into value added products. Gasification is a commercially used manufacturing process to convert carbon containing materials such as coal, petroleum coke, biomass, or waste into synthesis gas. This synthesis gas is burned to produce electricity or processed to manufacture chemicals, fertilizers, liquid fuel, substitute natural gas (SNG), or hydrogen. Gasification consists of five discrete processes: drying, pyrolysis, combustion, cracking, and reduction. Pyrolysis is the process of heating raw biomass in the absence of air. This breaks it down into charcoal and various tar gasses and liquids. Cracking is the process of breaking down of complex molecules such as tar into lighter gases by exposure to heat. This process is utilized in the production of clean gas, which is compatible with an internal combustion engine. Reduction is the process of removal of oxygen atoms from combustion products of hydrocarbon molecules.

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Gasification of petroleum coke provides certain advantages over other conventionally used combustion processes. It results in the production of fuel-rich gas instead of high temperature gas. The gasification process offers superior environmental performance. Most of the combustion processes using solid fuels produce solid residues such as slag and fly ash, which are hazardous in nature and have a contaminating effect on the environment. The heating value of petroleum coke is about 20% higher than that of conventionally used fuels such as coal. Coke also has low ash content compared to coal. These superior properties of petroleum coke over conventional fuels make gasification a useful process in the refining of petroleum. Gasification of petroleum coke is also an efficient and economic process, as petroleum coke is one of the low cost fossil fuels. Gasification of petroleum coke also offers refiners with a wide variety of products such as steam, hydrogen, electricity, chemicals, and liquid fuels. Rise in pressure to lower emission of pollutants and greenhouse gases is driving the usage of clean fuels. This is expected to boost the usage of the gasification process in petroleum coke refining. However, petroleum coke has certain drawbacks. Petroleum coke possesses high sulfur content, high vanadium content, and low reactivity.

Carbon dioxide is produced during gasification owing to the carbon content originally present in petroleum coke. Efforts are being made to capture and store this carbon dioxide, which is one of the gases contributing to the greenhouse effect.

Based on application, the petroleum coke gasification market can be segmented into chemicals and fertilizers, power generation, substitute natural gas, and oil refining. Petroleum coke gasification produces chemicals such as ammonia and urea. These are the major constituents of nitrogen-based fertilizers. Synthesis gas is produced during the gasification of petroleum coke. This gas is used to produce electricity with the help of turbines. The byproducts of the petroleum coke gasification process can also be used as substitute natural gases. One of the major components of the synthesis gas produced during gasification of petroleum coke is hydrogen, which is used to remove impurities from gasoline, diesel fuel, and jet fuel in order to produce clean fuels. The hydrogen and steam produced during petroleum coke gasification can be used to power oil refineries.

Based on the geography, the petroleum coke gasification market can be segmented into North America, Asia Pacific, Europe, and Rest of the World. The U.S. Government has imposed restrictions on the disposal of hazardous waste being generated by the combustion of conventional fuels such as coal. This is expected to augment the petroleum coke gasification market in North America during the forecast period.

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Key players operating in the petroleum coke gasification market include General Electric (GE) Corporation, Royal Dutch Shell, Air Liquide, RWE Group, Siemens, CB&I, KBR Technology, and Synthesis Energy Systems Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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