Insight
Decarbonisation: Site emissions become a new metric for competitiveness
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The energy transition is underway, which challenges the refinery sector as demand for its traditional products is set to fall. Refining has a future role as growth opportunities lie in petrochemicals and low-carbon liquid fuels, both of which are core competencies of refiners. The challenge is adapting product mix whilst decarbonising operations. Highly competitive sites are best suited to adapt to the energy transition as they provide cash for the necessary investments whilst also providing a return to investors. Emissions intensity becomes a new metric for competitiveness and a critical input to the characterisation of long term site sustainability.
Table of contents
- Global oil demand growth is to stall then demand is to fall
- Emissions reduction is key to achieve our net zero ambitions
- Significant investment is required to achieve site sustainability
- Portfolio rationalisation will be critical to focus investment on sustainable sites
Tables and charts
This report includes the following images and tables:
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Figure 1: Asian refinery carbon liabilityFigure 2: Emissions for middle distillate imports to EU from major exportersFigure 3: European Refining Competitive profile (2019, US$/bbl)Figure 4: Characterisation of site sustainability
What's included
This report contains:
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