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New refineries look to export to US
Publication year - 2006
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2006.310213.x
Subject(s) - oil refinery , refining (metallurgy) , business , refinery , commerce , industrial organization , natural resource economics , waste management , economics , engineering , chemistry
High demand for refined products in the US has led to a rash of proposals for new refining capacity there. Many of these schemes are likely to founder as US environmental regulations make it impossible to build refineries on greenfield sites. This may create an opportunity for refiners in other countries to become export refiners serving principally the US market. Some existing refiners do this already, notably those operating in the Caribbean.