When you explore the refinery industry, you’ll discover a world full of processes, machinery and decision-making that affects the bottom line and the environment. A key component to this orchestra: the hydroprocessing catalysts for refineries. These catalysts hydroprocessing for refineries. The primary purpose of these catalysts is to turn crude oil into a usable fuel, but there’s another subplot catching industry’s attention: the recycling of these catalysts. However, how can you measure the financial gain of such an action, more help? We’ll put our math hats on and start!
Think of a used catalyser. Although it may appear to be dull, imagine it like a hidden gold mine. Within are often precious metals including platinum, palladium and nickel. The metals are extracted from the waste by refineries, who can either sell them or reuse it. Ka-ching! Your first saving stream is here!
We can also consider a new alternative to the recycling of catalysts. Although new sounds appealing, the cost is always high. All of these costs add up, including production and shipping expenses, as well as the impact on the environment from mining for new metals. The circular economy is both environmentally friendly and cost-effective.
Recycling can reduce the downtime. Imagine how long it would take to integrate, order and ship new catalysts as opposed to regenerating the old ones. The saying goes that money is time. It’s true that the refineries are a fast-paced environment.
What’s More? Refineries that optimize the use catalysts can increase their operational efficiency. You will be able to extract more from each feedstock. The same as getting every bit of juice out of an orange.
All of these facts combined, make it clear how catalyst recycling is a great investment. Not just a business strategy but also an investment for the planet.