From Friday, September 22nd at 4 PM ET until Monday, September 25th, Wood Mackenzie will be experiencing a planned internal system migration. If you need any support during this time, don't hesitate to contact our customer support team using the Webchat below.


Decarbonisation: Site emissions become a new metric for competitiveness

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

The energy transition is underway, which challenges the refinery sector as demand for its traditional products is set to fall. Refining has a future role as growth opportunities lie in petrochemicals and low-carbon liquid fuels, both of which are core competencies of refiners. The challenge is adapting product mix whilst decarbonising operations. Highly competitive sites are best suited to adapt to the energy transition as they provide cash for the necessary investments whilst also providing a return to investors. Emissions intensity becomes a new metric for competitiveness and a critical input to the characterisation of long term site sustainability.

Table of contents

  • Global oil demand growth is to stall then demand is to fall
  • Emissions reduction is key to achieve our net zero ambitions
  • Significant investment is required to achieve site sustainability
  • Portfolio rationalisation will be critical to focus investment on sustainable sites

Tables and charts

This report includes 4 images and tables including:

  • Figure 1: Asian refinery carbon liability
  • Figure 2: Emissions for middle distillate imports to EU from major exporters
  • Figure 3: European Refining Competitive profile (2019, US$/bbl)
  • Figure 4: Characterisation of site sustainability

What's included

This report contains:

  • Document

    Decarbonisation: Site emissions become a new metric for competitiveness

    PDF 942.37 KB