Increasing efficiency of Furnaces and Quench Towers for a Fortune 500 Chemical Manufacturer
THE BACKGROUND
The client is a multinational chemical manufacturing company and a global market leader of petrochemicals such as ethylene, ethylene glycol, and other olefins. Ethylene forms the building block of the petrochemical industry and serves as the feedstock for various products in other industries. Global ethylene production was forecasted to be 165 million metric tonnes in 2020 and is forecasted to grow to 207 million metric tonnes in 2022-2025 (source: Global News Wire). To meet dynamic global demand, industry players are increasing the production capacity of their ethylene plants and are making huge investments.