September 2011

Special Report: Refining Developments

New era in refining — Keys to sustenance

Changes in feedstocks, environmental rules can alter past and future process investments, profitability

With the continuing change in global economics, geopolitical realities and environmental regulations, coupled with the relentless emphasis and pressure on short-term financial performance, the refining industry now finds itself at a crossroads that will eventually determine its very future. The genesis of crude oil and refining dates back to a Mesopotamian writ from almost 2,000 years ago—“strange wells near the caravan road do not contain water but liquid earth. A man there boils the earth until it becomes water, which makes torches burn brighter.” Since pre-historic times, crude oil and crude oil refining have been arguably the single largest contributors to the developmen

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