Technology Overview
Technology will be a key component, over the next 20 years, as the refining industry is pushed to meet the challenges of producing more, and higher quality, transportation fuels and lubes, as crude oil feedstocks become more difficult to refine. As materials like bitumen from Canadian tar sands, shale oil, and heavy, high acid crudes become a larger percentage of the feed to the world’s refineries, it is critical that refiners find new ways to operate more reliably, efficiently, and safely. All this will happen as refineries continue to find ways to reduce emissions of materials like NOx, SOx, and volatile organics.
We see significant opportunities to develop new technologies to deal with these many challenges, and we want to work with outside companies to develop the new technologies the refineries of the world will need to meet the upcoming challenges.