March 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Refining Industry is one of the most dynamic sectors on the global stage, with diverse types of projects both happening now and planned for the future. On Wednesday, Hillary Stevenson, Industrial Info's senior director of Energy Market Intelligence, and Vice President of Research for the Chemicals, Refining and Alternative Fuels Industries Trey Hamblet presented the webinar discussing the trends and market drivers shaping this industry. While one can address the Refining Industry on a global scale, different regional factors affect the types of projects being seen across the world. For example, while demand growth for traditional road fuels is slipping in North America and Western Europe, regions and countries such as China, India and Africa are seeing demand increase. With this comes project differentiation by region. Most grassroot projects are occurring where demand for new fuels is higher, while the West has shifted to increased incentivization for environmental, social and governance (ESG) projects.
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