Essential raw materials for everyday life
Oil & Gas
Oil and natural gas are essential to modern life. As well as being the main sources of energy worldwide, they provide the raw materials for thousands of everyday products – from electronic devices and clothing to medicines and household cleaners.
Growing population boosts demand
Over the next 20 years the world’s population is set to hit the 8.8 billion mark. A growing population means an increasing demand for energy as well as the products manufactured from oil and gas. China, India and Southeast Asia are the main drivers of this upward trend.
Despite the drop in oil prices over the last few years, the industry continues to invest in new facilities to satisfy the appetite for refined products. The International Energy Agency predicts that global oil demand will increase from 96 million barrels a day in 2016 to nearly 102 million barrels a day by 2022. Between 2017 and 2021 global LNG investment is predicted to reach US$ 284 billion, an increase of 50%.
The oil and gas industry is a major consumer of water and energy resources and is subject to increasingly stringent regulations aimed at improving its environmental footprint during extraction, production and distribution. Also many countries around the world have introduced legislation to cut emissions and air-borne pollutants, while refineries are building capacity to meet requirements for low-sulfur fuels.
Solutions for every link in the hydrocarbon chain
From extraction – onshore and offshore – to refining, processing, transportation and storage, Kelvion has the right heat transfer solutions throughout the hydrocarbon chain. Our products and expert know-how help customers in the oil and gas industry to save energy, increase efficiency and reduce their environmental impact.