Petroleum refining: a look at the future
Here’s a view of long-range spending strategies, including
new technologies and proper hydrogen management
In the long term, refiners need to keep two things
in mind. First, a refinery won't just produce fuels; it will
produce energy and chemicals. Second, the interaction of
economic and environmental concerns will significantly affect
how the hydrocarbon processing industry does
Near term, much of the refining industry's
investment over the next five years will be committed to
resolving environmental issues. Some of this investment will
be for reducing emissions from the refinery itself, but much
more will be allocated to make lower sulfur fuels, replace
MTBE in gasoline and deal with other potential issues such as
a lower level of benzene in gasoline.
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