Insight
How refiners can thrive during the energy transition
Report summary
The energy transition is the decarbonisation of transport and stationary sectors and so represents a major threat to the viability of the refining industry. By 2035 around 15% to 20% of refining capacity could close in OECD countries, notably Europe and the US. After 2035, that trend will accelerate as demand declines for transportation fuels such as diesel and gasoline. However, there are various strategies by which refiners can not only survive, but thrive, during this transition.
Table of contents
- Introduction
- Global refining capacity already increasing
- Regulatory changes loom
-
Winning strategies
- High-grade and selectively invest
- Sustainability within the local community
- Secure offtake
- Digitalisation
- Conclusion
Tables and charts
This report includes 1 images and tables including:
What's included
This report contains:
Other reports you may be interested in
Insight
A delayed energy transition
3 ˚C warming pathway
$1,050
Insight
The energy transition outlook for lithium
The outlook for the lithium market is strongly linked to energy transition and to electric vehicles in particular
$1,050
Insight
Future of Exploration Survey results 2024: explorers emboldened and disciplined
Our 2024 Future of Exploration Survey results show greater internal support for exploration while pressures on budget and headcount grow.
$1,300
