While many refiners are evaluating longer-term, big-ticket decarbonisation initiatives such as carbon capture and renewable fuels projects, there is growing recognition of the need for shorter-term responses that could mitigate today’s huge market volatility.
Those with a hydrocracker in their line-up have a distinct advantage because its flexibility could be increased for relatively low capex. For example, it can be upgraded to process heavier, cheaper crudes and non-standard feeds. It can also be revamped to enable the operator to target the products that are commanding the highest margins or have a better longer-term outlook.
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