Join Industrial Info for a Webinar on the Global Refining Spending Outlook
Industrial Info is pleased to be presenting a complimentary webinar on the spending outlook for the global Refining Industry on Thursday, October 3 at 9 a.m. CDT (10:00 EDT). Chris Paschall, Industrial Info's vice president of research for the Oil & Gas and Petroleum Refining industries, and Shaheen Chohan, vice president of Global Analytics, will be discussing the trends most affecting the industry.
The webinar will provide geographical and commodity analysis of refining margins and a discussion of trends and drivers, focusing on new crude capacity additions, which include grassroot construction and plant expansions, plus spending on gasoline, diesel IMO bunker fuel projects and other in-plant capital projects. Industrial Info is tracking almost $600 billion worth of Petroleum Refining projects globally, of which $341 billion is grassroot spending. Asia leads the world in both the number and value of active projects, with more than $377 billion in refining activity.
Among the largest refining projects being tracked is Mexican state-owned oil company Pemex's planned grassroot refinery in Tabasco, Mexico. The 340,000-barrel-per-day (BBL/d) refinery will include 17 processing units to produce 170,000 BBL/d of gasoline and 120,000 BBL/d of diesel. Construction is planned to kick off by the end of this year and be completed in 2022. For more information, see Industrial Info's project report.
Exxon Mobil Corporation (NYSE:XOM) is responsible for one the largest refining projects in the U.S.: the $2 billion expansion of its refinery in Beaumont, Texas. For more on that project, see February 4, 2019, article - ExxonMobil to Boost Capex to $30 Billion in 2019.
The webinar's topics will include:
- The market trends driving capital spending and the regions with the biggest opportunities
- The outlook for planned turnaround activity and associated spending
- Market trends that will drive future in-plant spending growth
- The current and projected net crude processing changes that will influence short-term capital spending
Join us for this informative webinar on October 3. Make sure to RSVP today!