24 April 2019
Refining and chemicals integration - a necessity, not a choice
For most refiners and chemical producers, the need to improve margins and remain competitive has never been greater. Given the uncertainty in transportation fuels demand in the wake of energy transition and a growing appetite for petrochemi Read More...
For most refiners and chemical producers, the need to improve margins and remain competitive has never been greater. Given the uncertainty in transportation fuels demand in the wake of energy transition and a growing appetite for petrochemicals, interest around reﬁning and chemical integration is gaining greater momentum. Integration between refinery and chemicals is becoming an important growth strategy for a number of companies.
We discuss how the trends in both industries could influence the options and value of integration:
- Drivers of integration and why it is becoming a necessity
- Integrated site margins with focus on new crude to chemicals sites
- Market trends impacting refining and chemical values
- Company strategies diversified toward chemicals
Sushant Gupta is Research Director for refining in Asia Pacific focusing on the Asia Pacific crude oil, refined products and refining markets. He has over 15 years of experience in the refining and chemicals industry. Sushant heads up the team in Asia Pacific which is responsible to pull together the analysis of the key trends and issues in the oils market both regionally and globally. He is a keynote speaker at many conferences in the region presenting our forward-looking analysis to a senior audience. Sushant joined Wood Mackenzie in 2007 after working for five years with Singapore Refining Company where he gained extensive experience in crude evaluation and purchase, refinery production planning, refinery economics, and product supply planning. He also has over three years of experience with Schenectady International group – India, a leading petrochemicals manufacturer in India. Sushant holds a Masters degree in Chemical Engineering from the National University of Singapore.