Growing demand, increasing responsibility
Solutions for the oil and gas industry
Growing population boosts demand
Over the next 20 years, the world population will reach 8.8 billion. A growing population means increasing demand for energy and for products made from oil and gas. This upward trend is being driven primarily by China, India, and Southeast Asia.
Increasing capacity
Despite the fall in oil prices in recent years, the industry continues to invest in new facilities to satisfy the hunger for refined products. The International Energy Agency estimates that global demand for oil will rise from 96 million barrels per day in 2016 to almost 102 million barrels per day by 2022. Global investment in liquefied natural gas is expected to reach US$284 billion between 2017 and 2021, an increase of 50%.
Going green
The oil and gas industry is a major consumer of water and energy resources and must comply with increasingly stringent regulations aimed at optimizing its environmental footprint during extraction, production, and distribution. In addition, many countries around the world have passed laws to reduce emissions and air pollution, while refineries are creating capacity to meet the requirements for low-sulfur fuels.
Solutions for every step of hydrocarbon processing
From extraction—onshore and offshore—to refining and processing, to transportation and storage, Kelvion offers the right heat transfer solutions for the entire hydrocarbon processing chain. Our products and expertise enable customers in the oil and gas industry to save energy, increase efficiency, and reduce their environmental impact.