Most refineries that shut in 2020 may only reopen as terminals, renewable plants

Most refineries that shut in 2020 may only reopen as terminals, renewable plants
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29.12.2020

MOSCOW (MRC) -- Expectations for a slow post-pandemic fuel demand recovery, which already shut down 2 MMbpd of refining capacity in 2020, will limit owners options in the future, said Hydrocarbonprocessing.Demand erosion in 2020 for products like jet fuel, coupled with a weak outlook, means many closed refineries won't go back to running crude, said Joseph Israel, president and CEO of Par

Full article at mrcplast.com

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