Insight
How much value does petrochemical integration add to Shell’s refining portfolio?
Report summary
Shell has announced it aims to further reduce its refining portfolio from 20 to 10 assets. CEO Ben van Beurden noted Shell will "focus on sites integrated with trading hubs and petrochemicals". This implies integrated refinery petrochemical sites are more sustainable. Integrated sites are of greater interest now as petrochemical demand growth is to outpace transport fuels, so integrated sites will have more optionality and flexibility to maximise margins.
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- A refinery-petrochemical integration case study to show its value
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