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European Refinery Investment Report 2019

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What's inside?

Our detailed assessment of all firm planned investments in oil refineries in Europe between 2018 and 2025.

Why buy this report?

  • Understand how planned refinery investments will impact competitiveness and regional rank of oil refineries in Europe.
  • Get our analysis of 11 firm planned European refinery investments and how these will affect oil refining margins and product yields.
  • Pinpoint which European refiners stand to benefit the most from the IMO bunker fuel specification change.

14 March 2019

European Refinery Investment Report 2019

Report summary

In this analysis, Wood Mackenzie has modelled all European refinery investments between 2018 and 2025 that we classify as firm and combined this with our yearly preliminary forecast of oil refining margins. This shows the combined effect of our crude and product price forecast as well as planned refinery projects on the refinery's competitiveness and regional rank in the coming years. For oil refineries in Europe that currently have no firm investment projects, only the price effect is represented, with refinery input and output held flat at 2017 levels.

Table of contents

  1. Key facts

  2. Slagen- Norway

  3. Antwerp (ExxonMobil)- Belgium

  4. Pernis- Netherlands

  5. Preemraff Lysekil – Sweden

  6. Gdansk – Poland

  7. Rotterdam (Esso) -Netherlands

  8. Pancevo – Serbia

  9. Zeeland Refinery - Netherlands

Table of contents

  • No table of contents specified

Tables and charts

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What's included

This report contains:

  • Document

    Margin Effect of European Refinery Investment_Mar19.pdf

    PDF 1.01 MB