Procurement Resource Analyses the Production Cost of Ethylene Glycol in its New Report

Posted on 11 July, 2022 by Jolie Alexa

Procurement Resource Analyses the Production Cost of Ethylene Glycol in its New Report

Analyses Overview of The New Production Cost Report of Ethylene Glycol

The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Ethylene Glycol. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labor wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence Ethylene Glycol production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Product Definition:

The organic molecule ethylene glycol has the formula (CH2OH)2. It is a poisonous, odourless, colourless, thick, hygroscopic liquid with low volatility. Water and many organic liquids are totally miscible with it. Glycols' hydroxyl groups go through the normal alcohol chemistry, resulting in a wide range of derivatives. Ethylene glycol is largely utilized as a raw ingredient for polyester fiber production and antifreeze compositions.

Factors Impacting the Ethylene Glycol Production Cost:

During the forecast period, the use of ethylene glycol as an intermediate in a broad range of chemical processes is likely to boost the ethylene glycol market. Glycols' hydroxyl groups go through the normal alcohol chemistry, resulting in a wide range of derivatives. Because of its chemistry, ethylene glycol may be used as an intermediate in a variety of processes, including resin production. During the projection period, rapid development in the textile and PET resin products sectors is expected to raise ethylene glycol usage. Many textile manufacturing methods employ ethylene glycol as a feedstock. It's mostly used to make PET bottle resins, polyester fiber, and films. Ethylene glycol is also used as a dewatering agent, antifreeze, coolant, and heat transfer agent, and for hydrate inhibition, runway de-icing fluids, and as polymer precursor.

Procurement Resource Assessment of Ethylene Glycol Production:

The production cost report by Procurement Resource assesses the production of Ethylene Glycol from the Hydrolysis of Ethylene Oxide. The oxidation of ethylene produces ethylene oxide (EO) with the aid of oxygen or water and a silver oxide catalyst. Under stress, EO hydrolysis with water creates a coarse ethylene glycol mixture. Evapourators are fed the water-glycol solution in order to collect and recycle the water. To make ethylene glycol, the monoethylene glycol and triethylene glycol are separated by fractional distillation in a vacuum.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

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Reference Link: https://takeitcool.com/production-cost-of-ethylene-glycol/

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