A decant oil or slurry oil is a high-boiling cracked aromatic process oil. This oil appears as a thick oily liquid that is soluble in diethyl ether, partially soluble in acetone, and insoluble in water. Decant oil possess a petroleum asphalt odor. It is commonly referred as clarified oil, catalytic cracked clarified oil, carbon black feedstock, cat slurry oil, or residual fuel oil. Decant oil is composed of catalytic cracked clarified oils (petroleum), hydrodesulfurized catalytic cracked clarified oils, distillates (petroleum), fuel oil No. 6, residues (petroleum), polycyclic aromatic hydrocarbons, asphaltenes (petroleum), naphthalene, hydrogen sulfide, and sulfur. This oil is primarily used in carbon black feedstock and needle coke in chemical industries and deployed as a heavy fuel oil in the petroleum industry.
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Decant Oil Market: Key Segments
In terms of type, the global decant oil market can be bifurcated into FCC-based (fuel catalytic cracking) and RCC-based (residue catalytic cracking). The FCC-based segment holds a major share of the decant oil market. The FCC decant oil forms needle-like crystalline carbon structures during the coking process and hence, it is widely used to produce needle coke. This needle coke is further utilized for the manufacturing electrodes. Increase in utilization of these electrodes in the steel manufacturing industry is anticipated to boost the demand for FCC-based decant oil. FCC decant oil is also used as a feedstock to generate carbon black or carbon fiber owing to its high aromatic content.
Based on application, the decant oil market can be segregated into carbon black feedstock, needle coke, heavy fuel oil, and others. The needle coke segment is estimated to account for major share of the global decant oil market in the next few future. A pure decant oil is utilized in a delayed coker under appropriate operating conditions, to produce a special grade of coke which is known as needle coke. Needle coke commands a premium price over the other grades of coke due to its superior characteristics. Increase in demand for needle coke among electrode manufacturers is projected to drive the decant oil market. Decant oil has a similar boiling range to heavy fuel oils, hence decant oil is blended into heavy fuel oil and used in marine engines and coal power plants.
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