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
12 September 2019
North East Asia refining and chemicals client roadshow – key discussion topics
Insight
North East Asia refining and chemicals client roadshow – key discussion topics
Five questions that were repeatedly asked by our refining and chemicals clients in North Asia during our visit to them in August.
$90024 March 2020
Is the coronavirus giving us a glimpse into refining’s future?
Insight
Is the coronavirus giving us a glimpse into refining’s future?
Existing OECD refiners need to adapt so they retain their licence to operate and then thrive.
$95009 October 2019
Investing in integrated refining and petrochemicals through uncertain times
Insight
Investing in integrated refining and petrochemicals through uncertain times
In this presentation, we share our thoughts on how integration will influence the options and value between refining and chemicals.
$900