September 2014

Misc

Global refining: What is the future?

Demand for transportation fuels will continue to increase over the next 15 to 25 years. These fuels will still be primarily based on crude oil. Developing nations are driving growing demand for energy..

Romanow, Stephany, Hydrocarbon Processing Staff

Demand for transportation fuels will continue to increase over the next 15 to 25 years. These fuels will still be primarily based on crude oil. Developing nations are driving growing demand for energy in all forms, especially transportation fuels. Over the next 10 years, new demand for middle distillates (jet fuel and diesel) will eclipse gasoline and will increase by 10 MMbpd by 2025. Gasoline demand will have competition from alternative fuels and biofuels. What is changing? Spare refining capacity is redefining profitability for refiners globally. In less than 10 years, the worldwide refining capacity has increased by almost 10 MMbpd and is estimated at 94.9 MMbpd. At present demand for

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