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Petroleum Refinery Responsiveness: Issues Discussed at 2018 AFPM Annual Meeting

By Scott Jenkins, Chemical Engineering |

Responsiveness and adaptability — in the face of shifting market forces, new regulatory policy and natural disasters, among others — framed the discussions of U.S. petroleum refiners at the AFPM annual meeting Responsiveness and adaptability for U.S. petroleum refiners emerged as a theme at the most recent annual meeting of the American Fuel and Petrochemical Manufacturers (AFPM; Washington, D.C.; www.afpm.org) in New Orleans, with those concepts framing many of the discussions and presentations at the meeting. While the overall mood of refiners and petrochemical producers is generally very positive, there are a number of developments that require industry players to respond and adapt, both to take advantage of new opportunities and also to avoid potential problems. For example, the effects of increased crude petroleum production from U.S. shale deposits, coupled with the effects of the higher crude exports over the past two years, are still resounding throughout the refining and petrochemical sectors, forcing refiners to strategize based on a new set of rules for the crude oil landscape. In addition, refiners are looking for ways to respond to impending restrictions in the amount of sulfur permitted in marine fuels. Further,…
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