Webinar | Chemicals integration: the winners and losers

About the webinar

The future of oil is in chemicals, not fuel. As the energy transition gathers pace, the gap in volume and value outlooks between transport fuels and petrochemicals continues to widen.

Many refiners already integrate chemicals into their operations to add value to oil products. The energy transition makes integration a strategic imperative, and its presence provides a competitive edge to leading refiners.

How does this disrupt traditional competitive position analysis?

The chemical industry has established “cost of production” as the measure of asset competitiveness. The by-product credits from refinery integration challenge this simplified view, making it vital to understand the holistic value generation capability of an integrated site.

Watch our webinar to hear Wood Mackenzie’s refining and chemical experts discuss:

  • The significance of chemical integration to both Shell and TOTAL’s refining portfolio
  • The disruptive nature of integrated sites on single value chain cost of production analysis
  • What’s the value generation capability of an integrated site? What does this mean for the traditional approach to petrochemical “cost of production” asset benchmarking.
  • Key changes to the competitive ranking of European refining asset delivered by chemical integration
  • Why crude to chemicals will be the configuration of choice for grassroots developments in Asia
  • Our refinery/petrochemical integration categorisation, using China’s recent investments as candidates for “second generation” capabilities
  • How we model integrated refinery/petrochemical sites, including a sneak peak at our new REM-Chemicals product



  • John Stewart, Principal Analyst
  • Alan Gelder, VP Research
  • Matt Chadwick, VP Petchems
  • Nathan Schaffer, VP Research