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IHS Markit: Global demand for refined products will peak

 Last Update: 2021-09-29
 Source: Internet
 Author: User

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Recently, IHS Markit released its latest forecast.

IHS Markit said that in order to meet the growing demand for petrochemical raw materials, it will continue to expand investment in petrochemical projects, for example, investment in specialized crude oil-to-chemicals projects, and the construction of integrated refining-petrochemical projects in existing integrated bases

Sandeep Sayal, vice president of IHS Markit's petroleum market and refining business, predicts that refineries will pay more and more attention to technologies such as biomass and hydrogen, and will also explore ways to decarbonize the entire value chain, including low-carbon crude oil grades and refinery carbon.

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