Refinery 2040: The Impact of EVs, Aviation, and Petrochemicals on the Future Refinery Product Mix

June 26, 2018 | State of the Market Report

Electric vehicles are poised to reduce the demand for gasoline and diesel by 2040. However, demand for oil is projected to continue to increase, driven by heavy-duty vehicles, aviation, and petrochemical demand globally. In this report, we project the future refinery product mix as refiners adjust their production to match these different applications. By highlighting several corporate case studies, we uncover that refinery upgrades and installation of novel technologies tapping crude oil and various refinery waste streams will require billions of dollars in capital investment leading up to 2040.

Coverage Areas

  • Alternative Fuels
  • Exploration and Production
  • Owning the Energy Transition

Table of Contents

  • Title page
  • The Global Refinery Landscape
  • Case Studies
  • Conclusion & Outlook

Lead Analyst

Harshit Sharma
Research Associate


Yuan-Sheng Yu

Login to View This Research

Already a Lux Client?

Sign In

Not a Lux Client?

Talk to Lux Research now and learn the benefits of becoming a member.

Lux Research

  • Helps clients find new business opportunities from emerging technologies in the physical and life sciences
  • Offers ongoing technology and market intelligence, as well as market data and consulting services
  • Now serves over 250 clients on six continents – multinational corporations, investors, governments, and SMEs
  • Has a Global reach, with offices in Boston, New York, Amsterdam, Singapore, and Tokyo
  • Combines deep technical expertise with business analysis to support strategic decisions

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 (0) 20-3460840

For APAC (Singapore)
+65 6592-6978