Reports related to this article:
Project(s): View 3 related projects in PECWeb
Plant(s): View 3 related plants in PECWeb
Released October 26, 2020 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is pleased to be presenting a complimentary webinar on the outlook for petroleum refining maintenance and turnaround activity. The webinar will be presented Wednesday, October 28, at 10 a.m. CDT (11 a.m. EDT). It also will be presented October 29 at 10 a.m. JST and 11 a.m. CET. Join Chris Paschall, Industrial Info's vice president of research for the Refining Industry, and Shaheen Chohan, vice president of Global Analytics, as they review the short-to-mid-term outlook for maintenance and turnaround activity across some of the major global refining markets.
This year has seen an unprecedented shift in refined product demand, and with it, added pressure on refining margins. These factors, coupled with COVID-19 mitigation measures and reduced run-rates, have created challenges for some of the maintenance activities planned for this year.
Industrial Info is tracking more than 400 active refining maintenance projects, worth $1.75 billion, that have been impacted by the COVID-19 pandemic, including more than $429 million in North America and more than $637 million in Asia.
Examples include:
Click on the image at right for a breakdown by world region of active refinery maintenance projects affected by COVID-19.
The webinar will include:
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
This year has seen an unprecedented shift in refined product demand, and with it, added pressure on refining margins. These factors, coupled with COVID-19 mitigation measures and reduced run-rates, have created challenges for some of the maintenance activities planned for this year.
Industrial Info is tracking more than 400 active refining maintenance projects, worth $1.75 billion, that have been impacted by the COVID-19 pandemic, including more than $429 million in North America and more than $637 million in Asia.
Examples include:
- Phillips 66's (NYSE:PSX) (Houston, Texas) planned turnaround for various units at its refinery in Ponca City, Oklahoma; see project reports.
- CITGO Petroleum Corporation's (Houston) turnaround for the alkylation unit at its Westlake, Louisiana, refinery; see project report.
- Chennai Petroleum Corporation Limited's (Chennai, India) Manali Refinery in India; see project report.
- Valero Energy Corporation's (NYSE:VLO) (San Antonio, Texas) turnaround of its CCR unit in Pembroke, Wales; see project report.
Click on the image at right for a breakdown by world region of active refinery maintenance projects affected by COVID-19.The webinar will include:
- A topline assessment of 2020-21 refining turnaround spending
- An outlook for refining product demand
- A review of the major markets and projected turnaround and maintenance spending
- A review of Industrial Info's Refining Turnaround Predictive Model
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
