August 2014

Misc

EU refining industry struggles to remain competitive in 2014

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 de..

Romanow, Stephany, Hydrocarbon Processing Staff

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. Innovate or perish The EU refining industry consists of older, smaller refineries. The average complexity of EU refineries is nearly 8 on the Solomon Index. Many problems The EU refining industry is tested under several conditions, and its competitivenes

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