Refining and Marketing includes traditional refining but more importantly bio-refining: a fast-growing sector, with the volumes of bio-feedstock processed more than doubling in 2020 compared to 2019. The entire sector is overseen by the new Energy Evolution Department, one of the two departments that make up the new corporate organisation. More specifically, Energy Evolution supports the evolution of the generation, transformation and sales businesses towards the organic, blue and green sectors and contributes to the overall objective of selling fully decarbonized products by 2050.
The 2021-2024 Strategic Plan provides for the following over the coming years:
- optimising traditional refining activities (exploiting the system's flexibilities) as well as achieving the full potential of the Ruwais refining complex
- diversification through the expansion of organic refining activity with the increase in organic processing capacity to 2 million tonnes by 2024, palm oil-free and powered by 80% waste & residues feedstock
- increased marketing in Europe by focusing on high-margin segments, the expansion of the alternative fuel offering, the further development of non-oil services in retail and, more generally, the promotion of sustainable mobility.