Decarbonization technology is available to achieve significant reductions in both Scope 1 and 2 CO2e emissions for operating refining and petrochemical assets, but with significant capital investment and operating financial margin (EBIT) impact. The challenge to producers is to understand and achieve the best balance of investment cost, long-term margin preservation and carbon reduction.

This session will evaluate various process technology decarbonization configurations for world-scale refinery and petrochemical assets along the lines of:

• removal of emissions
• reduction of emissions generated
• alternative low-carbon electricity production

with quantitative output for the following for selected carbon reduction levels:

• capital investment requirement (grassroots and retrofit)
• carbon emissions cost (volume and taxes)
• electricity cost
• financial earnings (EBIT) over a project period (2026-2040)
• market price factors for primary products and CO2 captured

This session will also consider the impact of government policy/support and the market actions on financial performance at significant levels of decarbonization.