Refiners are turning down, are olefins operations about to follow suit?

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Coronavirus driven lockdowns and social distancing measures globally have dramatically reduced the near-term need for transportation fuels. Refiners have had to quickly respond to this challenge, with one of the primary lever being run cuts. The refining industry represents a critical backbone of feedstock supply to the global olefins industry, either as steam cracker feedstock or via direct propylene supply. Deploying Wood Mackenzie's integrated refinery-chemical analysis, this insight provides our current take on: What is the current situation and outlook for refinery operations? How will operating rate adjustments in the refining sector impact the olefins industry? Which clusters of olefins supply look particularly exposed? Please click through to access the full insight PDF summary document.

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    Refiners are turning down, will olefins follow suit.pdf

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