January 2007

Columns

HPIn Europe: Canceled projects to sustain margins as costs soar

Five hundred announced projects. Sixty-six new refineries. A total of 180 upgrading projects and another 180 for clean fuels. The numbers were both stunning and somewhat implausible at this year's Eur..

Wright, Tim L., Hydrocarbon Processing Staff

Five hundred announced projects. Sixty-six new refineries. A total of 180 upgrading projects and another 180 for clean fuels. The numbers were both stunning and somewhat implausible at this year's European Refining Technology Conference in Paris. The speaker who quoted these in an impressive keynote speech was indeed quick to add a rider: "We are very confident that many of these projects will never see the light of day," said Jean-Jacques Mosconi, senior vice president Strategy and Development, Downstream Segment, Total. "But," he added with sufficient irony, "we hope that those we are involved with will be completed." Joking aside, Mr. Mosconi said he does expect 8.5 million barrels/ day

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