Gasoline is a mixture of hydrocarbons
derived from crude oil and is primarily used to run internal combustion engines
in motorcycles, automobiles, and small trucks. Gasoline is a by-product
obtained from the crude oil refining.
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The global gasoline market was valued at
$2 trillion in 2017. The reason for the substantial growth of the market is
that the refining companies are now using heat-integrated crude oil
distillation systems with latest optimization approach to minimize operating
costs and maximize product yields. These systems use artificial neural networks
from rigorous process simulation in the
distillation process. I-Heat™ is the latest software tool from Process
Integration Limited which is used for performance analysis and identifies where
energy and capacity improvements can be made.
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The top five competitors in the market
are Royal Dutch Shell, Exxon Mobil Corporation, BP Plc, Chevron and LUKOIL
PJSC. Royal Dutch Shell is a British–Dutch multinational oil and gas company
headquartered in the Netherlands and incorporated in the United Kingdom. It is
one of the six oil and gas "supermajors" and the sixth-largest
company in the world.
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