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What Does the Future Hold for Refining-Petchems Integration?
Demand for transportation fuels in Europe and other mature markets is declining, thanks in part to the rise in electric vehicles and international climate policies. As a result, oil refiners are under pressure to diversify their product mix.
As refiners eye more involvement in petchem, we sought to answer the question “What Does the Future Hold for Refining-Petchems Integration?” by asking our stakeholders questions including:
- What do you think is the biggest driver for refinery/Petrochemical integration?
- Do you think it prudent to maintain a balance between transportation fuels and chemicals?
- Which are the most likely chemicals to remain profitable to produce in 2030?
ERTC Advisory Board Meeting ReportDownload Now
IMO Regulations Implementation Report
The tighter sulphur limit creates major ramifications for both the oil refining and shipping industries. Seeking to measure perceptions of how well these industries are adapting to this changing IMO regulatory regime, WRA recently conducted a survey of professionals within the refining and other industries. This Survey Report is a summary of the results, along with additional perspective from IMO and a consultant who closely tracks this evolving situation.Download Now
More than just buzzwords, the increasingly sophisticated technologies tied to these terms are revolutionising the products and services many businesses provide and how they can deliver them.
Refiners and petrochemical producers are no exception. They are deploying digitalization at their refineries, petrochemical plants, and other facilities to obtain data unprecedented in richness and use it to enhance performance.
We recently surveyed our global database and have spoken with stakeholders including:
- Fuad Al-Ansari, Vice President Information Technology (IT) division, Takreer
- László Keresztury, Head of Technology and Development, MOL
- Eric Duchesne, Senior Vice President and Acting Chief Technology Officer, Total
To discover the main challenges and opportunities associated with Industry 4.0, download the report here:Download Now
THE FUTURE OF THE MIDDLE EAST DOWNSTREAM SECTOR
The steady decline in world crude oil prices from their highs of above $110 per barrel in mid – 2014, to the sub – $40 level – at the end of 2015 – is providing the Middle East’s downstream sector with an almost unprecedented opportunity to expand.
For decades, much of the focus within the region has been on the upstream oil and gas sector. But now, attention is turning to refined oil products and petrochemicals as the ability to benefit from better profit margins as cheaper feedstock becomes more evident.
Those Middle East oil companies that years ago had the foresight to invest heavily in the downstream sector, now find their decisions vindicated. In 2015, they were able to gain some partial relief from the collapse in crude oil revenue, through higher downstream margins.Download Now