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by jdietrich
2870 days ago
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You get a fixed ratio of distillates, but you can use cracking to convert heavier distillates into lighter distillates. The majority of the world's gasoline is cracked rather than distilled. Refineries in the US produce a substantially different mix of products than refineries in Europe and Asia because of different market demands (including significantly lower demand for diesel). Changing that production mix is capital-intensive, but everything in the petrochemical business is capital-intensive. US refineries are having to substantially change their operations because of the increasing production of unconventional oil, which yields a very different mix of distillates compared to conventional crude. https://en.wikipedia.org/wiki/Fluid_catalytic_cracking https://pubs.rsc.org/en/content/articlehtml/2015/cs/c5cs0037... |
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