1
00:00:00,000 --> 00:00:03,667
(Introspective music)

2
00:00:05,010 --> 00:00:08,220
Narrator: The oil and gas industry is transforming.

3
00:00:08,220 --> 00:00:09,809
Refinery operators are focused

4
00:00:09,809 --> 00:00:12,150
on their sustainability commitments,

5
00:00:12,150 --> 00:00:15,360
reducing debt, increasing capital investments,

6
00:00:15,360 --> 00:00:17,820
and modernizing business models.

7
00:00:17,820 --> 00:00:20,460
Meanwhile, uncertainty abounds.

8
00:00:20,460 --> 00:00:22,560
Refiners are faced with challenges,

9
00:00:22,560 --> 00:00:24,780
including oil price volatility,

10
00:00:24,780 --> 00:00:26,790
changing consumer preferences,

11
00:00:26,790 --> 00:00:30,000
and pressure to decarbonize faster.

12
00:00:30,000 --> 00:00:31,740
When facing these dilemmas,

13
00:00:31,740 --> 00:00:34,230
how can refiners make smart investments

14
00:00:34,230 --> 00:00:37,020
and maintain their competitive position?

15
00:00:37,020 --> 00:00:39,300
We need to start making smart changes

16
00:00:39,300 --> 00:00:41,910
to minimize the impact of market volatility

17
00:00:41,910 --> 00:00:44,550
and prepare for the future.

18
00:00:44,550 --> 00:00:46,920
At Shell Catalysts & Technologies,

19
00:00:46,920 --> 00:00:49,740
we see this as a time for reinvention.

20
00:00:49,740 --> 00:00:53,130
Out of uncertainty comes opportunity.

21
00:00:53,130 --> 00:00:54,810
Through refinery revamps,

22
00:00:54,810 --> 00:00:57,750
our experts can help transform operations

23
00:00:57,750 --> 00:00:59,370
and optimize efficiency

24
00:00:59,370 --> 00:01:03,330
by co-creating tailored solutions for existing assets.

25
00:01:03,330 --> 00:01:06,030
With extensive owner-operator experience,

26
00:01:06,030 --> 00:01:09,150
and more than three decades of working with third parties,

27
00:01:09,150 --> 00:01:13,500
we have the expertise to uncover cutting edge optimizations.

28
00:01:13,500 --> 00:01:17,040
Revamps often require minimal capital expenditure.

29
00:01:17,040 --> 00:01:20,850
Even complex revamps may only cost 20 to 50%

30
00:01:20,850 --> 00:01:24,210
of the capital required to build a new unit.

31
00:01:24,210 --> 00:01:26,730
This means that upgrading your existing assets

32
00:01:26,730 --> 00:01:29,640
can yield a significantly quicker return on investment

33
00:01:29,640 --> 00:01:32,310
compared to building a grassroots unit.

34
00:01:32,310 --> 00:01:33,690
And most importantly,

35
00:01:33,690 --> 00:01:37,950
revamps can help refiners thrive in the new reality.

36
00:01:37,950 --> 00:01:40,620
Let's collaborate to discover how your refinery

37
00:01:40,620 --> 00:01:44,520
can enhance margins and emerge stronger and safer.

38
00:01:44,520 --> 00:01:49,520
To get started, go to catalysts.shell.com/revamp.