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EU refining industry struggles to remain competitive in 2014

08.01.2014  |  Romanow, Stephany,  Hydrocarbon Processing Staff, Houston, TX

Keywords: [refining] [Europe] [gasoline] [diesel] [hydrocracking] [delayed coking] [margins]

For European refiners, the economic situation remains clouded. The 2008 global recession sent this region into a financial downward spiral. Conditions are improving, but they still lag behind other developed nations. Unfortunately, Europe’s downstream industry is also caught up in the economic mire. Nearly six years after the bottoming of this economic correction, the EU’s refining and petrochemical industries still struggle.

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