Related Articles
Forward article link
Share PDF with colleagues

World refining system needs extensive reconstruction

The world refining system will need reconstruction to meet likely changes in transport fuels demand

One safe forecast for refiners is that their operations will become more intensive and will be carried out in fewer, larger, complexes in coming years. While demand is moving towards lighter and cleaner refined products, the world’s crude production is becoming heavier and with a higher sulphur content. Reconciling the two trends will call for the construction of a large volume of bottom-of-the-barrel processing capacity – particularly hydrocracking and delayed coking units, to crack heavy residues into middle distillates. But such units need to be large, with a capacity of 50,000 barrels a day (b/d) or more, to benefit from the economies of scale. A refinery with a distillation capacity of

Also in this section
Gazprom's commitments strain the budget
28 September 2016
The revival of a project to ship gas to Turkey puts more pressure on a company already struggling
Is Nord Stream 2 really needed?
28 September 2016
Rising liquefied natural gas supplies to Europe and better gas interconnection raise more doubts about the project
Australian LNG sours for the locals
23 September 2016
Exporters have prioritised foreign markets and the domestic price has spiked, angering consumers back home