Procurement Resource Analyses the Production Cost of Benzene in its New Report
Analyses Overview of The New Production Cost Report of Benzene
The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Benzene. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence the Benzene production costs, looking into the capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Benzene is a clear, colourless, extremely flammable, and volatile liquid aromatic hydrocarbon that smells like gasoline. Benzene is a by-product of oil refining and can be found in crude oils. It is employed as a solvent, a chemical intermediate, and in the synthesis of a variety of compounds in industry.
Factors Impacting the Benzene Production Cost:
Temporary halts in automobile production units reduced demand for items such as nylon tyres, foam seatings, and paints manufactured from benzene-derived intermediates such as nylon, styrene, and phenol resins, lowering market demand. However, in the current circumstances, demand for medications like paracetamol, which uses benzene-derived intermediates like chlorobenzene, has surged, driving pharmaceutical market demand. Furthermore, the use of packaging made of polystyrene, an intermediate generated from benzene, has expanded in food and e-commerce applications, boosting benzene market demand. These factors are expected to impact the production cost of Benzene.
Procurement Resource Assessment of Benzene Production:
The production cost report by Procurement Resource assesses the production of benzene via catalytic reforming and via toluene hydrodealkylation. The production process of benzene via catalytic reforming involves a mixture of hydrocarbons with boiling points in the range of 60 to 200°C with hydrogen gas is the major ingredient in this process. It produces hydrocarbon rings and aromatic compounds. This reaction proceeds with the presence of bifunctional Platinum Chloride as the catalyst. Then aromatic products are separated by extraction using solvents like diethylene glycol. Likewise, the production process of benzene via toluene hydrodealkylation involves toluene and hydrogen mixed in presence of catalysts like chromium or molybdenum at 500-600 C and 40-60 atm pressure. This reaction yield exceeds 95%.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.
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