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
Contrasting Futures: Japan vs South Korea in Refining and Chemicals
Parallel challenges, divergent outcomes — the strategies shaping Japan and South Korea refining and chemical sectors
$900
Insight
In Focus: Ethylene asset benchmarking tool
Review the position and key operating characteristics of these assets in the ethylene asset benchmarking tool.
$900
Insight
Rare Earths 101
In this Rare Earths 101 report, we cover fundamental concepts, terminology, and key principles to help you grasp the essentials.
$1,050
