The New report includes a detailed study of the Global Oil Downstream Activities Market. It is the result of a comprehensive research carried out keeping in mind the different parameters and trends dominating the global Oil Downstream Activities Market.
Both primary and secondary research has been carried out to arrive at the desired outcome. The primary research included feedback, opinion, and suggestion provided by the people and organization residing in the key markets as identified the industry experts.
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Top Key Players Profiled in This Report:
Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc, Chevron
Asia Pacific was the largest region in the global oil downstream activities market, accounting for 29% of the market in 2018. North America was the second largest region accounting for 24% of the global oil downstream activities market. Africa was the smallest region in the global oil downstream activities market.
Refineries are increasingly adopting carbon capture and storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured. This way CO2 is isolated from the atmosphere, thereby reducing emission levels. For instance, Quest, a partnership venture of Shell, Canada Energy and Chevron is fully integrated CCS project that captures CO2 produced from refineries and prevents it from entering the atmosphere by storing it in underground formations. Globally there are about 15 large scale projects and 7 under construction projects with the capacity to capture about 40 million tonnes CO2 per annum, thus indicating the potential of CCS technology in minimizing carbon emissions.
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Scope of the Report:
Markets Covered: Refined Petroleum Products Manufacturing, Asphalt, Lubricating Oil And Grease Manufacturing Diesel, Gasoline, Fuel Oil, Kerosene, Others – Refined Petroleum…
Read More: Oil Downstream Activities Market 2020 Competitive Insights- Royal Dutch
