REM-Chemicals: A summary of the value of petrochemical integration

As the energy transition shifts the drivers of oil demand towards petrochemicals, refinery integration is becoming an important growth strategy. In order to remain competitive, refiners are increasingly expanding their product range by forward integrating their output to include petrochemicals while petrochemical companies are also backward integrating their offerings. This generates an increasing need to have a detailed understanding of integrated refinery-petrochemical sites to form a complete view of the industry. Refinery Evaluation Model Chemicals (REM-Chemicals) is a global integrated refinery-petrochemical database and asset benchmarking service to inform a company or portfolio’s diversification strategies and identify investment opportunities.