Ray Mouw, business development manager at Morgan Advanced Materials’ Technical Ceramics business, explains why magnesia stabilised zirconia ceramic components will be vital for pumps that work in harsh environments, such as oil and gas, and crude oil extraction.
It goes without saying that crude oil is a valuable, or perhaps more accurately an invaluable product, to all of us globally. The unrefined petroleum is pumped from reserves deep underground and by the barrel load, all day, every day.
Our dependence on this product (which is processed into a variety of fuel sources and commodities like jet fuel, petrol and diesel) has been quantified by a market intelligence report from Beroe.
In terms of demand and supply, the global fuel oil supply stands at 92.7 million barrels per day (mbpd), while the global fuel oil demand stands at 98.18 mbpd. Demand is expected to increase, with a compound annual growth rate (CAGR) of 1.8%, until 2020. For all the efforts being put into renewable and alternative energy sources, the reliance on crude oil will not go...
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