The Changing Landscape of Hydrocarbon Feedstocks for Chemical Production Implications for Catalysis: Proceedings of a Workshop (2016) / Chapter Skim
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1 Introduction and Overview
1 Introduction and Overview
Pages 1-6
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Of the more than 40 chemical manufacturing plants being built worldwide in the mid-2000s with more than $1 billion in capitalization, none were under construction in the United States. Today, as a result of abundant domestic supplies of affordable natural gas and natural gas liquids2 resulting from the dramatic rise in shale gas production, the U.S.
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chemical industry is in the process of switching from naphtha, derived from crude oil, as its major feedstock to natural gas and natural gas liquids. In order to maxi mize the benefits and take advantage of today's inexpensive source of natural gas and natural gas liquids to create investments and jobs in the United States, it is important to develop new and more efficient processes related to catalytic conversion of natural gas to higher value materials.
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While less than 4 percent of oil consumed in the United States is used for production of petrochemical products that use generates close to half of the pre-tax revenue derived from each barrel of oil utilized in the United States (Duff, 2012)
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producers of chemicals and plastics, and allow for the retention of the value of the carbon in natural gas, rather than burning the gas for its caloric value, which typically is the lowest value use. CHARGE TO THE COMMITTEE To better understand the opportunities for catalysis research in an era of shifting feedstocks for chemical production and to identify the gaps in the current research portfolio, the National Academies of Sciences, Engineering, and Medicine's Board on Chemical Sciences and Technology conducted an interactive, multidisciplinary public 2-day workshop on March 7–8, 2016, in Washington, DC, and focused on identifying gaps and opportunities in catalysis research in an era of shifting feedstocks for chemical production (see Box 1-1)
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Chapter 2 provides an overview of the shale gas boom and its implications for the U.S. chemical industry and catalysis, while Chapter 3 discusses the key messages of two presentations on potential opportunities for chemical and biological catalysis to enable the more efficient use of shale gas components as feedstocks for value-added chemical production.
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