Petrochemicals Integration Cost Strategies in EMEA

Petrochemicals Integration Cost Strategies in EMEA

O&G Downstream | Report | May 2021

Throughout the COVID-19 pandemic, downstream operators have increasingly been investing in petrochemicals integration for their refineries to capture increased demand for packaging and medical plastics, and the economic benefits of doing so have become evident.

However, in our experience working with operators in EMEA and around the world, we’ve found that integration projects face certain cost management challenges. For example, the cost of Structural Steel has risen by 21.7% YTD in 2021, threatening the accuracy of cost planning and estimation, and representing cost inflation risk.

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