Oil majors revamp refineries as renewable fuels demand expected to recover in 2025

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Oil majors revamp refineries as renewable fuels demand expected to recover in 2025

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Oil majors revamp refineries as renewable fuels demand expected to recover in 2025

//business-finance.news-articles.net/content/202 .. le-fuels-demand-expected-to-recover-in-2025.html

Published in Business and Finance on Thursday, January 2nd 2025 at 9:21 GMT by Upstream
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

European oil majors pushing ahead with plans to expand renewable fuels capacity as government mandates and consumer demand boost biofuels outlook

The article from Upstream Online discusses how major oil companies are adapting their refineries to meet the growing demand for renewable fuels, with expectations of a recovery in demand by 2025. Companies like Shell, BP, and TotalEnergies are investing in biofuels, particularly sustainable aviation fuel (SAF), to align with global decarbonization efforts. These firms are either converting existing refineries or building new facilities to produce biofuels from waste oils, fats, and other sustainable sources. The shift is driven by regulatory pressures, consumer demand for greener products, and the economic potential of the renewable fuels market. The article highlights specific projects like Shell's plan to convert its Wesseling site in Germany into a center for renewable fuels and chemicals, and BP's initiative to produce SAF at its Lingen refinery. This transformation is part of a broader industry trend towards sustainability, aiming to reduce carbon footprints while capitalizing on new market opportunities.

Read the Full Upstream Article at:
[ https://www.upstreamonline.com/energy-transition/oil-majors-revamp-refineries-as-renewable-fuels-demand-expected-to-recover-in-2025/2-1-1747917 ]