At the 2023 ADI Forum, Victor Toffoli, Sr. Analyst, ADI Analytics, highlighted key trends transforming the refining, fuels, and mobility sectors. From North America’s growing shift toward renewable refinery conversions to significant refinery expansions in Africa, the Middle East, and China, refining capacity is outpacing demand. Crack spreads remain robust, driven by surging diesel prices, while U.S. gasoline demand is expected to decline due to ICE vehicle bans and increasing vehicle efficiency.
Sustainable aviation fuel (SAF) is emerging as a major player in decarbonizing aviation, with projections to make up as much as 31% of jet fuel demand by 2050. The refining industry is also pivoting toward crude-to-chemicals projects, especially in China and the Middle East, to maximize production value. These insights provide a forward-looking view of the energy sector and its evolving dynamics.
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ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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