Global catalyst manufacturers strive for development through differentiated technology innovation
John Murphy, President of the company's catalyst group resources company, all TCG, said that refinery catalyst producers are facing huge pressure of price competition, especially in some mature refining processes, such as FCC, which have become popular and the pressure of competition is increasing. However, in some refinery and processing areas, catalysts are still differentiated, and catalyst manufacturers are developing more complex solutions. For example, catalyst producers are developing technology to help American refiners improve their raw material adaptability, especially heavy raw materials, such as synthetic crude from Canadian oil sands. Catalyst manufacturers are also actively developing the patent technology that enables refiners to increase the yield of high profit products.