Released June 20, 2022 | 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 spending outlook for the petroleum refining, alternative fuels and crude oil sectors. The webinar will be presented Wednesday, June 22, at 10 a.m. CDT (11 a.m. EDT). Join Trey Hamblet, Industrial Info's vice president of research for the Chemical Processing Industry, Shaheen Chohan, IIR's vice president of Global Analytics, and Hillary Stevenson, oil market subject matter expert, as they discuss the trends and drivers affecting these project markets throughout the world.
Industrial Info is tracking more than $214 billion worth of active refining projects throughout the world that are planned to kick off this year and in 2023. Asia takes the bulk of these projects, followed by Europe and Africa.
Click on the image at right for a breakdown by world region of refining projects planned to kick off this year and next.
Demand for refined product remains robust, and with it demand for crude oil. More of the same is expected well into 2023. However, many refiners are positioning themselves for the net-zero energy transition, although most refiners still see this as less of a major or immediate threat to profit and more of a long-term transformation.
As a result, both crude oil producers and refiners continue to focus their capital spending plans on meeting near-to-midterm demand growth while also making early investments into those lower-carbon technologies and markets. IIR's industry experts will be discussing the key trends shaping the 24-month capital and maintenance spending across upstream, midstream and refined product markets, as well as highlighting what new low-carbon investments are starting to emerge.
Some of the topics to be discussed include:
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
Industrial Info is tracking more than $214 billion worth of active refining projects throughout the world that are planned to kick off this year and in 2023. Asia takes the bulk of these projects, followed by Europe and Africa.
Click on the image at right for a breakdown by world region of refining projects planned to kick off this year and next.Demand for refined product remains robust, and with it demand for crude oil. More of the same is expected well into 2023. However, many refiners are positioning themselves for the net-zero energy transition, although most refiners still see this as less of a major or immediate threat to profit and more of a long-term transformation.
As a result, both crude oil producers and refiners continue to focus their capital spending plans on meeting near-to-midterm demand growth while also making early investments into those lower-carbon technologies and markets. IIR's industry experts will be discussing the key trends shaping the 24-month capital and maintenance spending across upstream, midstream and refined product markets, as well as highlighting what new low-carbon investments are starting to emerge.
Some of the topics to be discussed include:
- The global demand for refined products
- Refiners' focus on capital spending and capturing market share
- The move toward renewable diesel projects and refinery conversions
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
