Insight
Porthos – Rotterdam’s refining saviour?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Refining margins will remain healthy through the 2020s but will start to decline by 2030 as global demand peaks, new large refineries emerge in Asia and sanctions on Russia ease. With the energy transition accelerating, we foresee global oil demand growth slowing and impacting refiners’ margins. They are already developing strategies that will help them improve their margins and be carbon competitive. Achieving a low-carbon future requires not just carbon avoidance but also carbon removal through carbon capture utilisation and storage (CCUS), particularly for hard-to-abate sectors. In this piece we take an in-depth look at Porthos, a CCS project currently under development in the North Sea, near Rotterdam, and how it will affect the two refineries involved in the project: Pernis (Shell) and Esso (ExxonMobil).
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Getting ready for a hot summer: Egypt research trip key takeaways
Earlier this month we visited Cairo to meet with oil and gas companies, government and key stakeholders in Egypt’s upstream sector.
$1,350
Insight
Wood Mackenzie at Asia Petrochemical Industry Conference (APIC) 2025 - Key Takeaways
APIC 2025: Key takeaways across the chemicals value chain
$900
Insight
Benchmarking Latin America energy markets
Latin America's major economies are progressing towards a lower-carbon and a more resilient energy future.
$1,250
