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?