MANAMA: Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa yesterday inaugurated the Middle East Catalyst Technology Conference (ME-CAT 2017) at the Four Seasons Hotel Bahrain Bay.
The two-day conference being held under his patronage is organised by Euro Petroleum Consultants in co-operation with the National Oil and Gas Authority and Bapco.
In a statement, Shaikh Mohammed said catalytic processes are at the heart of all refineries and petrochemical complexes.
With the recent drive for increased integration, the number of units using modern catalysts has increased significantly.
“The right catalyst can help improve margins, help achieve better product quality, higher yields and longer cycle lengths – all this with relatively small investment.
“The global catalyst market is booming and is forecast to reach $33 billion per year by 2018,” added Shaikh Mohammed.
Developments in refining, petrochemicals and chemicals as well as environmental factors are increasing the demand for higher performance catalysts and the catalyst producers are introducing enhanced products to meet this demand.