CATEGORY: STRATEGIC PLANNING
Chemical Engineering, April 1, 2012
Challenges for U.S. petroleum refiners
Future hinges on heavy oil pipelines, domestic
rare-earth supply and more
Gerald Parkinson
According to Blake Eskew, vice president,
downstream industry consulting for IHS Purvin & Gertz (Houston;), the
biggest issue for the U.S. refining sector is a combination of poor
profitability and an expected ongoing weak demand for fuels, both of which stem
from high crude-oil prices.
Most of the closures are on the East Coast, he
says, because this is the most competitive area in the U.S. for refiners. For
one thing, the refineries were designed to handle costly light, sweet crude,
and for another they have to compete with gasoline imports from Western Europe,
which has a surplus of gasoline because of a growing demand for diesel fuel.
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