This news is classified in: Traditional Energy Oil and Gas
Nov 22, 2022
Continuous R&D Activities for Process Improvement
Chemical EOR is largely restricted to small-scale pilot tests. However, growing research & development work over the past few years to increase its application area is expected to further market expansion. Many universities and other educational establishments have focused on EOR and chemical EOR development, particularly universities in the US. Other countries have specialist divisions within larger oil companies researching chemical EOR, such as in the Middle East and Asia Pacific. Alongside this is the progress being implemented by international oil companies, who are developing new formulas and applications within house or in partnership with chemical experts.
How will this Report Benefit you?
This 303-page report provides 129 tables and 178 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global chemical EOR market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for chemical EOR. Get financial analysis of the overall market and different segments including type, technique, origin, application, and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing chemical EOR market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
Strategic Initiatives taken by Leading Companies
Prominent companies operating in this industry are adopting different strategies such as new chemicals adoption, technological innovation, advanced production process, facility expansion, chemical production expansion, research and development, merger & acquisition, partnership, contract, and agreement in order to increase their geographical presence and consumer base in order to cater growing industry requirements. For instance, in Oct 2022, BASF and Hannong Chemicals announced a production joint venture for the commercial production of non-ionic surfactants in Asia Pacific.
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