European Refinery Terminal Conversion Project
Commercial Advisory – Energy Transition
The Engagement:
Commercial and Technical Advisory
Energex conducted a high-level feasibility study and preliminary evaluation to identify and further explore potential opportunities for converting the refinery to a terminal
The Client:
European Oil Refinery
The Challenge:
Evaluated the commercial feasibility of a refinery conversion
Duration:
2 months
How Energex helped:
- Evaluated the commercial feasibility and use-case of refinery conversion based on the market, competitive environment and technical inputs
- Identified and assessed options across techno-commercial workstreams:
- Key conclusions from the market outlook with a particular focus on diesel, gasoil, heating oil and biofuels
- Competitive environment for the converted terminal
- Effects of energy transition and country-specific regulations
- SWOT analysis of different conversion options
- Logistics modelling covering import and export flows to inform storage capacity requirements
- Economic modelling with commercial benefits cases and technical input assumptions
- Stakeholder mapping and plan for further development
Please contact Liz Martin or Jason Rajah if you would like to know more about the work we do.
Tangible Impact:
- Identified and evaluated optimal conversion pathways to support client’s strategic decision-making
- Explored critical dimensions of conversion opportunities, including infrastructure adaptability, commercial upside, and stakeholder management
- High-level cost and revenue estimates were produced with detailed justification of assumptions. These could be adjusted in time as values evolve
- Outlined a stakeholder engagement strategy and next steps for advancing project development
- Developed a model with assumptions that could be edited to show NPV and IRR or the terminal conversion
- Provided a final decision support pack on the findings of a series of workshops with the client