Training Course: Refineries of the Future from S&P Global Platts

Gain a fundamental understanding of how the energy transition will impact refining – and the role petrochemicals must play.

With trillions of dollars of assets and trading volumes in play, many are forced to reinvent what it means to be a refiner in the present and future energy landscape. How will refining portfolios change against the backdrop of the energy transition? For some refiners, it means investing in petrochemical integration as they adapt to a lower carbon future where chemicals may increasingly drive growth and profitability.

The training focuses on the technical and economic challenges refiners are facing plus provides insight on how and why refiners might expand their petrochemical refining capabilities.

Course Content

Walk away with a better understanding and practical strategies of:

• Refining operations and technical configuration, economics, and margin optimization.

• Key drivers behind the energy transition and short, medium, and long-term commercial outlook.

• Refining petrochemical integration including olefins and aromatics and Crude-Oil-to-Chemicals (COTC).

• Refinery flexibility and how to optimize and/or shift yields without making a major capital investment.

• Ways to increase the percent of barrel to chemical feedstocks (COTC).

• Use of greener power and hydrogen in refining, as well introducing renewable or circular feedstocks for green fuels and petrochemicals.

• Technical and design approaches to accommodate a net-zero future.

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Attendance Rate: $1,495 +VAT

Course Instructors

Hedi Grati,
Executive Director, Refining, Europe/CIS , S&P Global Commodity Insights

Mr. Grati leads the Refining and Marketing team for the Europe/CIS region, and prepares the quarterly long-term price forecasts for crude oil and refined products relevant to the European market. He specializes in the future of European refining in a decarbonizing world, and the refinery's heavy fractions.

Since joining S&P Global Commodity Insights in 2014, he has carried out numerous tailored consulting assignments for national and international oil companies, traders, logistics providers, and financial institutions. He also headed the supply and demand section of the IHS Markit Multiclient Study Navigating choppy waters, which focuses on the bunker fuel transition. In 2019, he was in charge of shipping policy for the latest Multiclient Study Reinventing the Airplane and the Ship, about the decarbonization of aviation and maritime transport.

Before joining S&P Global Commodity Insights, Mr. Grati worked for ExxonMobil, most recently as heavy products optimizer for Europe, where he helped prepare the company for the 2015 bunker specification change in the emission control areas. He also held various technical, operational, economic, and supervisory roles at two of ExxonMobil's refineries. Mr. Grati holds a Master of Science in civil engineering from Ghent University, Belgium, and an Executive MBA from Antwerp Management School, Belgium. He is a native Dutch speaker, and fluent in English and French.

Stephen Li,
Director, Biofuels Value Chain Service, S&P Global Commodity Insights

Stephen specializes in providing market and commercial due diligence on midstream and downstream infrastructure for merger & acquisitions and project financing. He has worked on a number of successful buy-side and sell-side transactions relating to bulk liquid storage terminals, and was co-author of the S&P Global Commodity Insights study 'What's in store for terminal industry - will the tanks keep turning, and where?'. Recently he has advised on several transactions of European biofuel sector assets, and contributes to S&P Global Commodity Insights research on the European biofuel market. His oil markets experience comes from working with E&P clients in Europe, the Middle East and Central Asia, helping them with valuation and marketability studies of their crude oil streams.

Stephen has 14 years experience in the international energy sector. Prior to joining S&P Global Commodity Insights in 2012, he was a consultant at Mott MacDonald, a global engineering consultancy, where he managed technical-economic project appraisals and feasibility studies relating to upstream oil & gas plants and refinery upgrades.

Stephen holds a Master of Engineering in Mechanical Engineering from the University of Southampton and a Master of Philosophy in Engineering for Sustainable Development from the University of Cambridge, where he was a Panasonic Trust Fellow.