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Crude-to-Chemicals (CTC): a Straight-Forward Route for a Strategic Turn
The downstream oil & gas industry is undergoing a dramatic transformation driven by shifting dynamics in the markets for petrochemicals at the expense of transportation fuels. There is no choice for the refining industry but to increase conversion yield to maximize the chemicals yield, by building advanced integrated complex schemes, the ultimate integration degree being the grassroots Crude-to-Chemicals (CTC) complex.