FOR IMMEDIATE RELEASE
March 2010

REFINERY CO₂ MANAGEMENT STRATEGIES

Technology Solutions to Answer Legislative Mandates and Meet Business Sustainability Goals

"Will a refiner still be competitive in the next ten years without a carbon management strategy?"

The answer is likely no.

The climate change summit in Copenhagen, Denmark in last December was chaotic and has yielded more uncertainties. However, the apparent uncertainties have not concealed the key deadline just 10 years away as many developed nations have firmly committed to CO₂ reduction targets. The European Union would slash emissions 20% by 2020 from 1990 levels. US notified the UN on Jan. 28 that it still intends to honor its Copenhagen commitment to reduce domestic CO₂ emissions by 17% from 2005 levels by 2020. China, the world's biggest emitter, has also shifted away from its earlier strong opposition and now ensures that its emissions per unit of economic production decline 40-45% by 2020. Therefore, it is important for the global refining industry to act now — formulating strategies that turn the impending threats into opportunities, and increase profits and market shares at the expense of unprepared competitors.

Hydrocarbon Publishing Co. is announcing an upcoming multi-client strategic report (to be published in March 2010) that presents in-depth and insightful analyses of technology advances and the economic benefits of solutions to reduce carbon footprint in refinery operations and the production of low-carbon fuels. Furthermore, to help refiners prepare and formulate the right strategies in a time of market uncertainty, the study also undertakes different case studies to analyze various scenarios based on technology availability, operating savings and capital expenditures if unit revamps and/or additions are necessary, changing crude slates, new product values, carbon tax or credit prices, and other less-obvious parameters.

First, the new report examines the primary task of CO₂ management; i.e., carbon accounting. The study identifies major emitting sources and presents ways to report the data as required by climate change legislation. As noted, US refiners must start to monitoring emissions in January and have their monitoring plan in place by April 1 in order to meet the first reporting deadline in March 2011.

Next, four primary drivers of the overall refinery CO₂ reduction scheme are discussed:

• Energy efficiency improvement
• Cogeneration
• Renewable energy sources
• Carbon capture and sequestration

To complement the technology advancement information from technology holders and licensers, this study also includes the results of a survey conducted among refiners around the world. The purpose is not only to identify and analyze technology solutions, but also to reveal industry strategies and trends. Our clients can use this information in formulating their own plans to tackle impending environmental legislation challenges, sustain long-term business, and gain market share.

Please click through the menu on the left to review the prospectus, which includes an order form with a special prepublication discount. For further questions, please contact us at mcreports@hydrocarbonpublishing.com or 610-408-0117 (USA).