Analysis from energy consultant Wood Mackenzie warns that gasoline is causingBenefitPressure to reduce and reduce carbon emissions has increased, and more than 20% of the world’s refining capacity is at risk of closure.

Reuters reported that Wood Mackenzie issued a report on the 28th saying that out of 465 refining assets analyzed by the agency, about 21% of refining capacity is at some risk of closure in 2023.

Gasoline profits are expected to decline through 2030 due to reduced demand, the weakening of sanctions on Russia, and the impact of carbon taxes, the analysis shows. wood mackenzie seniorOilAnd chemicals analyst Fox said operating costs could be so high that “shutdown is the only option.”

Wood Mackenzie based its analysis on net cash flow ratios, exploration and drainage costs, ownership, environmentalinvestAfter estimating the strategic value of refineries, it was found that Europe and mainland China are most at risk, with approximately 3.9 million barrels per day of refining capacity at risk. 11 European refineries are rated as high risk, accounting for 45% of all high risk refineries. Risk Refineries. ,

According to data from industry organization Concave, about 30 refineries in Europe have closed since 2009, and about 90 are still in operation. However, a refinery owned by Nigerian tycoon Aliko Dangote could end the $17 billion annual business of shipping gasoline from Europe to Africa, increasing pressure on European refineries. Dangote’s refinery, which began production in January and has a capacity of up to 650,000 barrels per day, was not included in Wood Mackenzie’s analysis.

Mainland China’s seven high-risk refineries are small independent refineries, some of which are known as “teapot” local refineries, that are subject to strict government regulations and compete with larger rivals.

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