Loading...
Loading...
out-of-uncertainty-comes-opportunity-thriving-in-the-new-reality
out-of-uncertainty-comes-opportunity-thriving-in-the-new-reality

Out of uncertainty comes opportunity: Thriving in the new reality

0

Refinery operators were already facing mounting challenges in 2019: declining demand for gasoline and diesel in some markets, new and very efficient capacity coming on-stream and increasing regulatory requirements, to name a few. Then, 2020 brought even more difficulties with the unprecedented challenges to operations brought on by the Covid-19 pandemic.

Global economic challenges prompted a dramatic fall in product demand and skewed product slates – sales of gasoline and diesel fell steeply, and jet fuel sales fell by as much as 90% at one point. Recovery will probably be prolonged, and the repercussions likely long-lasting.

All of these factors present refiners with a dilemma: how to make smart investments while preserving cash in order to maintain their competitive position, when failing to invest could mean competitive vulnerability.

At Shell Catalysts & Technologies, we have always advised customers to consider revamping, repurposing or upgrading their existing assets. In our experience, this can be more capital efficient than adding new units and a better return on investment. A refinery revamp offers a number of benefits:

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...