international magazine
02 / 2020

Euro Petroleum Consultants (EPC): New horizons in COTC, and refinery and petrochemicals
Refinery and petrochemicals integration has been occupying hearts and minds of global industry managers for some time now and still there is a substantial potential for this process to develop further, comment Ekaterina Kalinenko and Stefan Chapman

The main reason for the change is the shift in demand for fuels and chemicals. Annual refined products growth up to 2030 is expected to be 0.6% before flattening and then slowly starting to decrease. This is mostly due to environmental policies that encourage use of other alternative products as energy and fuels. The future for petrochemical products, on the other hand, looks very promising thanks to growing quality of life and emerging new materials derived from polymers/plastics, etc.