Project Spending on Refinery Turnarounds Expected to Grow in 2021-22

SUGAR LAND, TEXAS--March 17, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Last month's Arctic blast of cold weather put oil refineries front and center as one part of the energy complex upended by frigid temperatures. However, unlike the power sector, which in Texas and some other states buckled under soaring demand and weather-forced outages, refineries were able to temporarily shut several million barrels per day of processing capacity without jolting gasoline or diesel markets.