September 2017

Trends and Resources

Business Trends: The state of the global refining sector

Over the past few years, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).

Nichols, Lee, Hydrocarbon Processing Staff

Over the past few years, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI). The majority of this growth has taken place in Asia-Pacific, the Middle East and the US. These three regions will continue to invest billions of dollars to increase refined products and petrochemical production capacity into the early 2020s. Within the refining sector, three major trends have been advancing: The production of higher-quality, lower-sulfur transportation fuels An increase in the integration of refining and petrochemical operations Investments to increase energy efficiency and crude oil processing flexibility. To adhere to

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