Insight
How refiners can thrive during the energy transition
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
What's included
This report contains:
Other reports you may be interested in
Insight
Delayed Energy Transition Oils: A Crude Awakening?
Wood Mackenzie’s Delayed Energy Transition scenario: what does it means for oil and refining
$1,350
Insight
Oils & Refining briefing session: Defining a framework for the Energy Transition in the next decade
On 4 October 2021, we hosted the Oils and Refining focus day with 3 forum presentations in Asia, Europe, and North America.
$1,350
Insight
Retail fuels in brief
Our brief analyses of the most important developments across retail fuel markets globally, kept to the point.
$900
