Is Oil Refining on a Slippery Slope?

Refineries, along with the rest of the traditional oil and gas integrated chains, face many challenges as the world moves towards Net Zero.  They are major emitters of CO₂ – and the costs for such GHG producers is only going to rise.  Technology, and investment, is heading to a future where the primary and secondary sources of energy are going to be increasingly low-carbon – so demand for refineries’ products may decrease by 50% in the next 20 years.

Therefore, they must either change, or face an uncertain future.  However, options exist for refineries to leverage carbon credits, and even become a vanguard of renewables through hydrogen – those that adapt will be the likely survivors in the Energy Transition.

Refineries are a major source of GHG emissions.  Future Energy Partners can provide you with practical options and solutions to deliver a refinery fit for the future.