May 2022

Sustainability

Sustainable refinery of the future: Versatile, efficient and smart

Greenhouse gas emissions occur alongside an inflection point for global refined product consumption. Since the 1850s—when the first oil refineries were constructed—the world has changed dramatically as refined product demand has continued inexorably upward.

Kigel, A., Briskman, G., Modcon Systems

Greenhouse gas (GHG) emissions occur alongside an inflection point for global refined product consumption. Since the 1850s—when the first oil refineries were constructed—the world has changed dramatically as refined product demand has continued inexorably upward. This assumption is no longer valid as refined product demand has little to no incremental growth beyond its pre-pandemic COVID-19 level. During COVID-19, the International Energy Agency (IEA) reported global demand for crude oil decreased by about 30%, which is a decrease of 30 MMbpd. A significant reduction in the crude oil demand was a direct result of the mobility restrictions during the pandemic and heavily impacted the petrole

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