GlobalData report: Feedstock optimisation and prospect of netting steady revenues enabling integrated refineries

SourceArabian Industry
SectorIndustrial
CountrySaudi Arabia

The conventional refinery model of generating revenue by processing crude to produce transportation fuels is increasingly under threat from falling fuel demand. In such a scenario, the integration of a refinery with a petrochemicals plant can improve the revenue generation potential of refiners, says GlobalData.According to GlobalData’s latest thematic report, ‘Integrated Refineries’, an integrated refinery, where refining and petrochemical units are interconnected, is designed to make refinery operations more sustainable.Ravindra Puranik, oil and gas analyst at GlobalData, comments: “In the aftermath of the Covid-19 outbreak, global fuels demand may find it difficult to reach pre-pandemic levels, putting standalone refiners at risk of closure. However, petrochemicals demand is anticipated to remain steady once the global economy recovers from the downturn. This places the ...read more...