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The vacuum gas oil or VGO belongs to the petroleum hydrocarbon that belongs to the heavy distillate family. Vacuum gas oil is also referred to as cat feed because it is utilized as a feedstock to create gasoil, gasoline, and other by-products. VGO is one of the outputs in the vacuum distillation tower (along with the vacuum reside) and is the lighter material between them. The principal use for the vacuum gas oil is in the form of feed-in cracking units such as the fluid catalytic cracker or the hydrocracker. These cracking units upgrade the vacuum gas oil into the products having greater value, such as gasoline and diesel. If the vacuum gas oil is not upgraded, then it blends into residual fuel oil. Nevertheless, this is quite rare as the value of vacuum gas oil is much greater as a feed for the purpose of upgrading. Vacuum gas oil consists of hydrocarbon material, which is heavier than diesel. One drawback of vacuum gas oil is that it is not compatible with other fuels, that is, a ship taking in fuel with vacuum gas oil in one harbor may encounter issues with compatibility if it takes on bunker fuel with different components in the next harbor.
COVID-19 Impact AnalysisÂ
Top Impacting Factors
The growing need for fossil fuels across different sectors along with the increase in efforts to produce a bulk output of oil & gas is projected to positively affect the industry outlook. Vacuum gas oil (VGO) is predominantly used as an intermediate feedstock to escalate gasoline & diesel production from refineries. VGO is produced through a vacuum distillation column using different processes such as hydrogenation and cracking.Â
Market Trends
Key Benefits of Report
This study presents the analytical depiction of the vacuum gas oil industry along with the current trends and future estimations to determine the imminent investment pockets.
Questions Answered in Vacuum Gas Oil Market Report
Vacuum Gas Oil market by Type Report Highlights
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