What Does the Future Hold for Refining-Petchems Integration?
Future profit for refiners will be very much influenced by their petrochemical production capacity, and this has quickly become a key route towards maximizing margins. Especially in the Middle East, home to the world’s most exciting and ambitious Oil to Chemicals project, adding flexibility and petrochemical integration is now a key survival strategy.
about 60 percent of the barrel goes into
transportation and in most outlooks that will
continue up to 2040
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Dr. Bashir Dabbousi,
Director of Technology Strategy & Planning,