Hydrotreating Catalysts (CoMo/NiMo) →Stands to benefit
Topsoe A/STOPSOE.CO
Expanded refinery capacity should lift hydrotreating catalyst demand, and Topsoe has the largest supplier share on this edge, making it the clearest beneficiary.
76% confidence
Hydrotreating Catalysts (CoMo/NiMo) →Stands to benefit
Albemarle Corporation (Ketjen Catalysts)ALB
More refining throughput should increase demand for hydrotreating catalysts, and Albemarle holds a meaningful share of this input market.
70% confidence
Hydrotreating Catalysts (CoMo/NiMo) →Stands to benefit
Shell Catalysts & Technologies
Higher refinery output should support greater catalyst consumption, benefiting Shell Catalysts & Technologies as a sizable supplier.
67% confidence
Hydrotreating Catalysts (CoMo/NiMo) →Stands to benefit
Axens (IFP Energies nouvelles)
Added refining capacity is likely to raise hydrotreating catalyst demand, giving Axens a smaller but still plausible benefit.
64% confidence
Fluid Catalytic Cracking (FCC) Catalysts →Stands to benefit
W.R. Grace & Co.
A refinery capacity expansion should raise demand for FCC catalysts, and W.R. Grace's 38% market share makes it the largest likely beneficiary.
58% confidence
Fluid Catalytic Cracking (FCC) Catalysts →Stands to benefit
BASF Catalysts (Refining Division)BAS.DE
BASF's 30% share and six-month replacement lead time suggest meaningful incremental catalyst orders from higher refinery throughput.
56% confidence
Fluid Catalytic Cracking (FCC) Catalysts →Stands to benefit
Sinopec Catalyst Company (SCC)
Sinopec Catalyst's 20% share means it should pick up some of the added FCC catalyst demand, though less than the market leaders.
49% confidence
Fluid Catalytic Cracking (FCC) Catalysts →Stands to benefit
Albemarle Corporation (Ketjen Catalysts)ALB
Albemarle's 15% share gives it a moderate but smaller upside from increased FCC catalyst demand tied to the refinery expansion.
47% confidence
Hydrogen (refinery-grade) →Stands to benefit
Air Products and Chemicals, Inc.APD
Once the expansion comes online, greater refinery-grade hydrogen demand should favor incumbent suppliers with large market share and long replacement lead times.
44% confidence
Hydrogen (refinery-grade) →Stands to benefit
Linde plcLIN
The refinery capacity expansion should increase demand for refinery-grade hydrogen, benefiting a major incumbent supplier with low substitutability.
43% confidence
Hydrogen (refinery-grade) →Stands to benefit
Air Liquide S.A.
Higher refinery output should modestly lift refinery-grade hydrogen demand, supporting this smaller but still material supplier.
34% confidence
