When Will Refineries Be Obsolete?
1, 2023. “Sapia Is of the View That the Very Short Time Frame Provided for Implementation Is Impossible to Meet and Will Likely Render the Refinery Fleet...
1, 2023. “SAPIA is of the view that the very short time frame provided for implementation is impossible to meet and will likely render the refinery fleet obsolete within two years,” the industry body said in a statement.
What is the future of refining?
Moving forward in 2021, global refinery utilization rate is expected to pick up averaging 75%-80% supported by increase in demand for both gasoline and diesel coupled with supply reduction from shutdowns of less profitable refineries.
Why do refineries shut down?
Shutdowns can happen when a refinery does not have access to cheap natural gas, which is necessary for the refining process. Shutdowns can also happen when crude oil prices get too high. Accidents and natural disasters can shutdown a refinery as well.
Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.
