Report: Rosneft sees global catalyst market up 10–15% till 2022

MOSCOW, Dec 26 (PRIME) -- Russian oil major Rosneft expects the global market of catalysts for oil refining to rise by 10–15% to U.S. $7.5–8 billion until 2022, making the catalyst business as one of the company’s priorities, Vice President Alexander Romanov said in an interview to RBC business daily published on Thursday.

“Demand for fuel is growing constantly, that’s why production of catalysts for the oil refining industry will continue growing rapidly. Different estimates say that the global market will range from $7.5 to $8 billion by 2022. This is a 10–15% growth as compared with the current level,” he said as quoted by RBC.

The market grew to about 17,000 tonnes now from 7,000 tonnes five years ago, and will expand at least 50% more until 2030. “We have to take into account that the launches of new capacities in Russia until 2025 will raise demand for hydroprocessing catalysts,” he said, adding that the catalyst business is one of Rosneft’s priorities.

One of the industry’s goals it to eliminate dependency of oil refining on foreign suppliers of catalysts.

“Several years ago, the dependency stood at up to 100%. Now, it is smaller. In all its major processes, Rosneft is switching to the local catalysts, including the ones it produces itself…As of today, more than 60% of reforming catalysts that we use were produced at our plant in Angarsk,” he said.

End