U.S. refiners continue to face hard times. Many are seeking new ways to manage costs in a period of depressed margins. At the same time, most are considering investments to prepare for low-sulfur fuel requirements in the future.
These and other issues were the key focus of the National Petrochemical & Refiners Association (NPRA) annual meeting last week in San Antonio.
State of the industry
U.S. refining margins remain low, and thus refiners are faced with a poor return on their capital. At the same time, the industry is faced with various environmental regulations: RFG (reformulated gasoline) Phase 2, refinery MACT (maxim...