According to recent statements of leading Japanese analysts in the field of refining and the country’s largest producers, the Japanese refining industry is moving towards consolidation and an increase in efficiency.
Hundertmark, T.,
Mayer, M.,
McNally, C.,
Simons, T. J.,
Witte, C., McKinsey & Co.
If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 MMtpy in 2016 to 460 MMtpy by 2030, taking what is already a serious environmental problem to a new level.
All main US products performed positively as refinery product outputs declined considerably and led to a fall in inventory levels, fueling bullish sentiment.
Genç, M.,
Gul, A.,
Avcilar, S.,
Öztürk, B.,
Önen, M. F.,
Akkuş, E., TÜPRAŞ
The fluid catalytic cracking unit (FCCU) is one of the main units providing gasoline with high-octane numbers to the refinery gasoline pool.
With an increase in concern for the environment, countries around the world are implementing stringent environmental regulations and are continuously pressuring refiners to reduce the amount of sulfur in transportation fuels—primarily gasoline and diesel—to combat airborne pollution caused by vehicles.
In the US, soaring gasoline stocks and poor fuel oil performance were offset by strong heating oil demand and higher product prices caused by weather-related refinery outages.
US refinery margins saw losses as product stocks rose, pressured by seasonally lower gasoline demand and subdued heating oil requirements.
US markets weakened despite positive performance at the middle of the barrel due to considerable gasoil and jet/kero inventory drawdowns.
The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals.
Integration is the new keyword for sustainability and profit in today’s oil and gas market scenario.