Insight
Decarbonisation: Site emissions become a new metric for competitiveness
Report summary
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:
Other reports you may be interested in
18 May 2023
Hydrogen & Ammonia in brief
Insight
Hydrogen & Ammonia in brief
May 2023: Australia announces A$2 billion (US$1.4 billion) for hydrogen projects.
$1,05031 May 2023
Global metallurgical coal short-term outlook May 2023
Commodity Market Report
Global metallurgical coal short-term outlook May 2023
Prices will remain low until autumn, when demand in China and India picks up
$5,00031 May 2023
Iron ore markets short-term outlook May 2023
Commodity Market Report
Iron ore markets short-term outlook May 2023
Iron ore price suffers from patchy economic recovery
$5,000
