Firjan Claims Natural Gas Supply in Rio de Janeiro Could Quadruple and Boost Petrochemical Sector Market

The Study Released This Week by Firjan Is Projecting Future Outlooks for the Natural Gas Segment and Expects the Supply of Natural Gas to Quadruple, Thus Boosting the Industrial Market of the State of Rio de Janeiro, Especially the Petrochemical Sector.

During this past Thursday (06/23), the Federation of Industries of the State of Rio de Janeiro (Firjan) released the study “Potential of Natural Gas: A New Cycle for Petrochemicals in RJ,” which includes projections for the natural gas sector in the state. Thus, the federation states that the supply of the fuel in the Rio de Janeiro region is expected to quadruple, and that the petrochemical sector will be the main beneficiary of the results in the coming years.

The Petrochemical Sector Market Will Benefit from Increased Supply of Natural Gas in the State of Rio de Janeiro in the Coming Years, Says Firjan

The launch of the study “Potential of Natural Gas: A New Cycle for Petrochemicals in RJ” by Firjan this Thursday brought a series of positive future projections for the Rio de Janeiro market. According to the projections, the federation states that the state could more than quadruple its supply of natural gas in the future, increasing from the current 20 million cubic meters per day to over 80 million cubic meters per day, thus ensuring a new perspective for fuel commercialization. 

The document also presents the petrochemical sector market as one of the main drivers of the increase in natural gas supply and highlights that this segment will be the most benefited over the next few years in the state.

Moreover, Firjan also emphasized the importance of the petrochemical industry for capital circulation in the state and stated that the segment will be largely responsible, along with the natural gas market, for the economic expansion of Rio de Janeiro in the future. 

Additionally, the study regarding the supply of natural gas in the Rio de Janeiro state emphasized the importance of the product’s application in the petrochemical sector, which will lead to growth in the segment over the coming years.

This is because the state has high production potentials for ethylene, propylene, ammonia, urea, and methanol, as a way to add greater value to natural gas as an input in petrochemical chains and the fertilizers industry. Thus, the petrochemical industry will be able to take advantage of not just production, but also the entire processing chain of the commodity’s derivatives in the state.

Increase in Natural Gas Supply in the State of Rio de Janeiro Will Bring New Perspectives for the Fuel Market in the State

Firjan’s document also addressed the reinjection of gas in the Rio de Janeiro state, which accounts for 50% of the state’s natural gas production, and highlighted that “Although part of it is used to improve the oil production process, the balance point of this use is, in international references, much lower than allocated, making us understand that a significant part of this volume is being wasted without any value addition.”

Thus, it becomes even more necessary to take a closer look at the natural gas segment in the region, as a way to capitalize on the capacity for supply expansion over the coming years.

Finally, Firjan’s document emphasizes that consolidating demand in the state means stimulating the direction of investments in the value chain of the input for regions with consumption potential, being highly necessary in the current scenario. 

Now, not only the natural gas industry will focus its efforts on developing new projects for the segment, but the petrochemical sector market will be able to take advantage of the future growth projections of the fuel to create businesses that benefit from the raw material for derivatives in this area.