DUBLIN--(BUSINESS WIRE)--The "Oil Downstream Activities Global Market Forecast To 2022" report has been added to ResearchAndMarkets.com's offering.
Global Oil Downstream Activities Market Forecast to 2022 provides strategists, marketers and senior management with the critical information they need to assess the global oil downstream activities market.
The oil downstream activities market consists of sales of the post extraction activities for crude oil and natural gas by entities (organizations, sole traders or partnerships) that provide post extraction activities for crude oil and natural gas, including refined petroleum products manufacturing and asphalt, lubricating oil and grease manufacturing.
Where is the largest and fastest growing market for the oil downstream activities? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Oil Downstream Activities market global report from the author answers all these questions and many more.
Asia Pacific was the largest region in the global oil downstream activities market, accounting for 29% of the market in 2018. North America was the second largest region accounting for 24% of the global oil downstream activities market. Africa was the smallest region in the global oil downstream activities market.
Refineries are increasingly adopting carbon capture and storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured. This way CO2 is isolated from the atmosphere, thereby reducing emission levels.
For instance, Quest, a partnership venture of Shell, Canada Energy and Chevron is fully integrated CCS project that captures CO2 produced from refineries and prevents it from entering the atmosphere by storing it in underground formations. Globally there are about 15 large scale projects and 7 under construction projects with the capacity to capture about 40 million tonnes CO2 per annum, thus indicating the potential of CCS technology in minimizing carbon emissions.