Translating Crude Mix, Macroeconomics, and Regulatory Issues to the Future Demands of FCC(PPT)

摘要

1. Demand drivers: 1.1. Economy - highest crude runs with corresponding uptick in FCC, 1.2. Exports - FCC steps up as the classic gasoline machine, 1.3. EVs and hybrids - demographics limits/price points and too slow to make a dent in the fleet in the near future. 2. Supply drivers: 2.1. Tight Oil - reducing quantity of FCC feeds while improving quality of FCC feeds, 2.2. Natural Gas - a regional cost advantage. 3. Regulatory: 3.1. CAFE standards - fuel economy, turbo-charged engine, octanes, 3.2. Renewables - gasoline displacement. 4. FCC Trends - adapting to the market drivers.