Middle Distillate Refining Market - Global Analysis, Industry Research Report and Forecast, 2013 – 2019

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Middle Distillate Refining Market”. This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. Globally refiners continue to face several challenges as environmental policies are becoming increasingly stringent. The profitability of refiner’s is influenced because of strict regulations on sulphur content of gasoline & diesel oil and curbs on refinery emissions. Agencies such as the International Maritime Organizationhas already proposed changes in specifications of bunker fuel oil. These regulations will drastically impact the refinery’s profitability which would then have a tough time increasing or maintaining current refining margins. Thus those refineries which currently produce a substantial amount of residual oil and lack the complexity to upgrade it to middle distillates will face difficulties. They either have to invest in commercially proven and reliable solutions to convert residual oil to more valuable liquid products or face a threat to shut down the refinery as the operation becomes uneconomicalto continue. With the increasing crude oil prices and growing demand for middle distillates refiners have felt the need to invest in this segment.

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The increasing demand for middle distillates is one of the primary driver for this market. With strict environmental norms, the need to install upgradation units is becoming a necessity if refiners want to stay in the market. Globally the production of sweet grade crude oil has declined and is costly if compared to sour grade crude. Thus to maintain the refining margins the refineries need to install upgradation units and increase the productivity of middle distillates.The decision on...